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ExplorationFinTech / Financial Services Technology
Susu App
Digital Financial & Community Savings Technology
SoftboX has also explored the development of a digital platform around the traditional concept of "susu" savings.
The concept is to examine how technology can improve traditional community-based savings practices while creating a more convenient digital experience.
Because financial technology is a highly regulated space, the product is intended to be developed carefully, including appropriate stakeholder engagement and exploration of regulatory requirements and sandbox opportunities.
The goal is not simply to digitize an existing process, but to explore how technology can make traditional financial practices more efficient and accessible.
The goal is not simply to digitize an existing process, but to explore how technology can make traditional financial practices more efficient and accessible.
Core capabilities
Digital savingsGroup-based savingsContributionsMember managementPayment trackingNotificationsFinancial recordsDigital administration
Who it is for
- Savings groups
- Communities
- People participating in traditional susu practices