Developers of a new app, called Puddle, want you to throw out the old idea of keeping money and friends separate. The way Puddle works is that you can borrow from it up to 5X what you put in. So lets say you put in $10 then you can take out $50, put in $500 and you can take out $2500, and so on. It’s a great option for people not able to get a loan from a bank, but that don’t want a paycheck advance. You have to pay a monthly fee for every month you have an outstanding balance—this incentivizes users to pay back loans quickly. And if you think people are going to take your money and run be surprised, Puddle has been operating in trial mode for the last 2 years and has a 98 percent payback rate.
Micro-funding app lets you borrow money from your friends
More of Today's Solutions
Student Makers, a deeper dive: bringing free STEM to students on three contin...
BY THE OPTIMIST DAILY EDITORIAL TEAM This article kicks off The Optimist Daily's Local Changemakers 2026 series, spotlighting changemakers 30 and under. It was ...
Read MoreMeet Vivian Ho: the 17-year-old who built a supply network around dignity, no...
BY THE OPTIMIST DAILY EDITORIAL TEAM This article is part of The Optimist Daily's Local Changemakers 2026 series, spotlighting changemakers 30 and under. Most ...
Read MoreSperm-sorting tech identifies strongest swimmers to help couples conceive
In-vitro fertilization is certainly a potential avenue for couples who are having problems conceiving a child due to low-quality sperm. However, the unfortunate fact of the matter is that ...
Read MoreHow one Maine school is helping students heal in nature
BY THE OPTIMIST DAILY EDITORIAL TEAM At Morse High School in Bath, Maine, detention doesn’t always mean fluorescent lights and silent classrooms. Thanks to ...
Read More
