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SommosROSCA

It is the first fintech product in Latin America that helps banks, financial institutions and retailers to take advantage of informal savings schemes known as “informal savings”.
and businesses to take advantage of informal savings schemes known as ROSCAs (Rotating Savings and Credits Associations), also called “juntas” or “tanda” in Latin America.
ROSCAs (Rotating Savings and Credits Associations), also called “juntas” or “tanda” in some regions.

+77 Países

They know and practice ROSCAs around the world

Used as a traditional savings and credit system that allows access to financing and encourages savings.

+USD 150

billons of annual turnover generated in Latin America

Through associations formed by friends and relatives

17% de Latinos

use ROSCAs
usually

Allocating about 20% of their monthly income

Main features

  • Creation and management of groups.
  • Notification and payment management.
  • Assignment of shifts and payment order

Benefits

Banking and financial institutions

Expand your financial services offering, generating new revenue opportunities.
Boost customer retention with innovative solutions tailored to their needs.
Optimize risk management with detailed data on your customers’ financial behavior.

Retailers

Offer a financing alternative to your customers.
Provides financial visibility for users excluded from the system.
Reinforces the shopping experience through an ancient practice.
Integration modalities

Webview
We integrate with both your mobile application and your website.

Standalone App
We develop a complete standalone mobile application (iOs and Android) for the management of ROSCAs and / or programmed savings

Sommos central app integration (companies)
Integration within the central Sommos app.

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