Joola App 4+

Money Pools with Rewards


    • 4.9 • 10 Ratings
    • Free

iPhone Screenshots


Joola lets you start and manage money pools with relatives, friends, coworkers, or other Joola users. Joining money pools with people you know and trust allows you to borrow and earn cash bonuses. It's easy to track group activities with automated payments!

Take care of debt from credit cards and student loans, plan major expenses, or even build emergency funds with Joola.

What is Joola?

* Joola is a group savings platform.

* Joola is a digital version of Rotating Savings and Credit Association (ROSCA).

Commonly known as tandas (Latin America), chama (Swahili-speaking East Africa), stokvel (South Africa), susu (West Africa and the Caribbean), hui (會) (Chinese communities in East and Southeast Asia), gye (계) (South Korea), tanomoshiko (頼母子講) (Japan), Chit Fund (India), pandeiros (Brazil), juntas, quiniela or panderos (Peru), arisan (Indonesia), lenshare (เล่นแชร์) (Thai), dhukuti or dhikuti (Nepal), and menage or menodge (Scotland).

* Joola is a way for each member of a group to help others save and build better financial habits.


+ Be social! Manage your group, chat, and socialize with friends through the app.

+ It is fun to save money with friends and family. You can talk about what you are saving for, and then help each other out.

+ Saving alone is difficult. Triple the chance of success when you do it together.

+ Invite friends you trust. When you create a group, you will be in control. You can choose to only accept people you trust as your contacts and to join your group.

+ Start with a minimum of 4 members and add up to 12 members in your group.

+ Get peer support for your finances and earn cash rewards with last payouts.


+ Need cash soon? Avoid paying high-interest loans or payday loans and take the first payout from your group. The costs are low, straightforward, and easy to understand.

+ Create a group with the payment terms you want. Then pay a one-time fee per group for early payouts.


The first payout - pay 7% per group payout

For example: if you join a group of four people with total payment of $300 per member, you will only pay $21 service fee if you are the first member to receive a group payout.


The second payout in the group - pay 6% per group payout

For example: if you join a group of four people with total payment of $300 per member, you will only pay $18 service fee. If you are the second member to receive a group payout.


The third payout in the group - pay 5% per group payout

For example: if you join a group of four people with total payment of $300 per member, you will only pay $15 service fee. If you are the third member to receive a group payout.

****** EARN CASH REWARDS ******

Do you want to make money work for you? Earn more than 20 times more than the national average interest rate for savings accounts. Join groups and take the late payouts.


The last payout position in a group will receive +1% per payout

For example: if you join a group of four people for $300 each and get paid every month, you will earn a cash bonus of $3 for receiving the last group payout.

****** EASY AND SECURE ******

+ When you sign up for Joola, everyone needs to verify who they are. This is so that we can keep your account safe. To do this, you have to provide personal information.

+ All your payments are automated so you don't need to worry about them.

+ We keep your information private. We will never share it with any third party without permission.

+ Your information is safe with us. We use bank-level encryption and your information is never stored on our servers.

It is free and easy to start your group. Invite friends to join so you can save together!

Disclaimer: Joola is not a pyramid scheme, lender, advisor, broker, credit repair company, credit reporting agency, or financial institution. Joola does not give away money for free.

What’s New

Version 2.6

Added a share button in the group detail screen to easily share groups with friends.
Fixed minor bugs.

Ratings and Reviews

4.9 out of 5
10 Ratings

10 Ratings

Gb123456123457 ,

Great app, support, and open to feedback

This is a great app for saving money or helping family or friends with some money, without any of the awkwardness that might come from actually dealing with the transactions or following up with people who maybe aren’t the most responsible or just plain forgetful.

So far, I don’t have any complaints. The one issue when I was going through the registration process, wasn’t actually an issue at all and the support rep was super helpful about it! Also, they are open to feedback as to how they can make things better.

Terageous ,

One of the best investing app with friends

It's a nice concept for saving money. The signup took a bit longer for me because I had to upload my id. App is user friendly and fees not too high compared to credit cards. The last payout rewards is also pretty cool. I hope I can convince more friends to use it so I can create more groups.

evelio32 ,

Awesome app to save and forget

A friend recommended this app for our first post-COVID trip together. Super easy to use. I got the first payout and used it to pay the credit card I used to buy my ticket. Will join another group after this one is over.

App Privacy

The developer, JOOLA LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • Identifiers

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • User Content
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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