Soar Software Development

Soar Software Development

Lending automation and digital banking platform

Overview

Soar Software Development delivers a digital banking and lending platform for ethical finance providers in the UK, including credit unions, CDFIs, and social lenders. The platform automates loan lifecycle management, payments, compliance reporting, and customer relationships through an integrated lending engine, payments engine, member portal, and branded mobile app. It connects with Experian, GoCardless, and Stripe to provide credit analysis, payments, and ID verification, offering enterprise-like capabilities. Its goal is to modernize community-focused financial institutions, support financial inclusion, and let them scale impact without increasing workload, by emphasizing member-first technology and transparent pricing.

About Soar Software Development

Simplify's Rating
Why Soar Software Development is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

N/A

Founded

N/A

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Simplify's Take

What believers are saying

  • Soar.tech updated September 2026 still markets strong demand for credit-union modernization.
  • The platform claims 70% time savings, reinforcing measurable ROI for understaffed lenders.
  • White papers and 8-12 week implementations support inbound sales without heavy enterprise cycles.

What critics are saying

  • Soar lacks fresh 2025-2026 funding or major customer wins beyond its website claims.
  • Thirteen credit unions leaves concentration risk if Glasgow Credit Union churns or stalls.
  • Banks and bigger fintechs can copy its workflows, compressing margins by 2026.

What makes Soar Software Development unique

  • Soar serves 13 credit unions and 50,000+ members with one secure platform.
  • Its 8-12 week go-live promises faster deployment than legacy banking vendors.
  • Built-in FCA reporting, audit trails, and open banking fit ethical lenders precisely.

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Remote Work Options

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