Esusu: Save More Money with Your Friends and Family
In cultures around the world families and friends pool their money together into a single pot of money. The process is called esusu, and a new app has adopted the name and making the process easier than ever.
Abbey Wemimo is the co-founder of Esusu. As an immigrant himself, Wemimo's mother practiced esusu and used that financing strategy to send Wemimo to school.
Wemimo explains that the main focus is to create a platform for immigrants and people of color, but of course he would be happy for all Americans to use the platform. Accessibility was a key factor in developing Esusu, which is why Wemimo says the company built a phone-based app.
Leading boutique fitness franchisor Xponential Fitness announcing going public on the New York Stock Exchange. Its portfolio of brands includes Club Pilates, Pure Barre and Rumble among several others. The company is listed under the ticker symbol XPOF. Anthony Geisler Founder and CEO of Xponential Fitness joined Cheddar's Opening Bell to discuss.
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