Company Information

Get to know Sou Sou

Sou Sou was a financial technology company founded by Fonta Gilliam, aiming to digitize the traditional, community-based savings practice known as a "sou-sou" or ROSCA. The platform allowed users to form private savings groups, contribute a fixed amount of money regularly, and take turns receiving the lump-sum payout. The company's mission was to promote financial inclusion, help individuals save for specific goals, and provide a tool for communities to manage money without relying on traditional banking products. Despite initial funding and media attention, the company ceased operations in late 2019.

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Sou Sou

United States

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.