Soar and Acquired enter partnership
Another great example of partnership between fintech firms has been announced today. This is partnership with a purpose as the main objective is to enable ethical finance companies to compete more effectively with mainstream providers.
Scottish fintech Soar and London Payments Technology Platform Acquired.com collaborating to help credit unions and other ethical organisations provide better and transparent services.
Award winning fintech, Soar, has developed a cutting edge banking technology platform which is already being used by 10 credit unions around the UK. With the partnership with Acquired they will be able to provide more services including automated reconciliation and for the first time - complete transparency over the entire payment life cycle.
“This is an important partnership for us and a statement about how we intend to improve business processes for our ethical clients. It will also allow their customers to view, manage and pay for a variety of services through one mobile and desktop application.
Our clients will not be playing catch up with mainstream players as they are now enjoying the latest cutting edge tech, which is a match for any organisation in the financial services sector.”Soar’s founder and CEO, Andrew Duncan
“Acquired.com was born in the highly regulated Consumer Finance sector and has always been committed to helping businesses serve their customer better. We believe that credit unions play a key role in offering fair and transparent banking and credit products to communities all around the country, which we are delighted to play a part in.
Using our award-winning payment technology, Soar’s clients will be able to gain a much better insight into their customers using our rich payment data.”Rob Clark, Managing Director of Acquired.com
In the last quarter Soar has been awarded over half a million pounds of research and development grants and this new partnership is seen as a further boost as the company looks to expand throughout the UK and into overseas markets.