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
C
Rated C on Competitive Edge
Rated C 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’s site claims 50,000+ members served and 70% faster loan processing.
  • The company won Scottish Financial Technology 2024 and Credit & Collections 2024 awards.
  • Capital Credit Union’s 2023 digitisation project validates Soar’s relevance in UK ethical lending.

What critics are saying

  • Soar serves only 12 credit unions; one stalled renewal hurts revenue immediately.
  • Jack Henry, FIS, Fiserv, Temenos, and Backbase outspend Soar through 2026.
  • A recession-triggered credit-union merger wave can kill niche demand by 2027.

What makes Soar Software Development unique

  • Soar’s 2026 stack unifies lending, payments, compliance, and member apps for credit unions.
  • UK AWS hosting and ISO 27001:2022 certification fit regulated ethical-finance buyers.
  • Soar’s 2017 Glasgow roots and ethical-finance focus differentiate it from generic banking vendors.

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