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The idea of collecting together a group’s earnings, and maximizing its purchasing power by letting one person at a time spend the pot has been around for centuries. In Mexico, they’re “tandas” or “cundinas.” In the Caribbean, they’re “susu.”Brothers Francisco and Luis Cervera have a few twists on the model, though.Continue Reading

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Their site e Money Pool came out of beta in January, and aims to automate the pooling process as much as possible, taking out some of the complexity from traditional pool organizing.“It takes a lot of time to organize money pools,” says Francisco Cervera, whose family regularly used pools to buy big-ticket stuff (cars, computers, furniture) when he was growing up.Continue Reading