Current credit rating systems base their decisions only on backward-looking metrics and, thus, cannot accurately capture the capability of repayment, which is a forward-looking behaviour. SOCU reduces such inefficiency and lubricate credit lending processes by creating a direct lending market where one’s credit is evaluated by the peers who might be able to truly assess her potential.
Moreover, SOCU’s credit lines are incentive-compatible credit assessment mechanisms in which evaluators are physically responsible for ratings that they assign. Thus, SOCU offers unbiased credit ratings of its users compared to other P2P lending services that merely employ naïve analysis of social data.
SOCU enables direct lending upon borrower’s demand by constructing a credit line network beforehand. This unorthodox approach allows us to offer not only an P2P based credit card service but also social credit ratings.
How it works
We empower individuals and foundations
to build their own credit unions and
to act like credit card issuers.
Then, on the other hand,
the invited users and SMEs
make transactions on their demands.
Easily control & monitor your lending.
Reduce investment risk by distrubuting funds
to different groups you trust.
Always have access to funds via groups of those who trust you.
Get instant credit at a better rate than your credit cards.
Our reminders will help you keep track of all you borrowing and lending needs. Don't miss a payment deadline. Create your own reminders.
Borrow money at an instant. Build your social credit rating and get supported by your social network.
A highly streamlined lending platform. Distribute your risk amongest people you trust. Get a better return on your money than from your savings account.
You can offer interest free loans to your friends and family at no cost. We don't charge a fee until somebody makes money.
We make money use easy by being highly visual. Keep track of all your banking needs on our platform.
QR Code enables us to link online to offline and vice versa.
Love to try App?
Let us invite you in iOS testflight.
Or we will let you know when Android version is released.