Over 3 million people in the UK rely on payday lenders and loan sharks to make ends meet. Soar is here to play a part in ending this struggle for the most vulnerable in society. We are cracking down on irresponsible lending with our white-labelled mobile banking app, web app and a platform hub that automates applying for loans for affordable credit providers such as Credit Unions and Community Development Financial Institutions (CDFI).
Rather than playing catch-up with other parts of the financial services sector, our technology helps these organisations to leap ahead whilst continuing to have a positive impact on their communities. Soar also allows these providers to be attractive challengers in the financial services market by offering them loan origination and transactional banking services that will allow their consumers easier access to credit when they need it the most.