SocialLender vs The Blender Platform
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
SocialLender
Access immediate funds through a unique lending solution that leverages your social reputation. This platform uses a proprietary algorithm to assess your social audit score, enabling you to borrow from financial institutions based on your online presence and network.
- Social reputation lending
- Proprietary social audit algorithm
- Social Reputation Score
- Borrow from banks and financial institutions
- Loans from 1,000 to 100,000 Naira
- Social profile as collateral
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Social Lender is a lending solution based on social reputation on mobile, online and social media platforms. The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit. Social Lender uses its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms and gives a Social Reputation Score to each user. Loans are guaranteed by the user’s social profile and a network allowing users to then borrow from banks and other financial institutions based on their social reputation. (edited) Social Lender offers loans from 1000 to 100,000 Naira to users using your social reputation as collateral.
The Blender Platform
This app facilitates peer-to-peer lending and borrowing using blockchain technology. Users can create credit lines, set interest rates, and assess borrower credibility. Funds are managed through a virtual wallet with interest accruing upon withdrawal.
- Create custom credit lines
- Set interest rates and payment terms
- Assess borrower credibility with statistics
- Lend and borrow cryptocurrency
- Manage funds via virtual wallet
- Blockchain-powered transactions
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Lend and Borrow. The Blender Platform is a blockchain powered open-end credit platform in which authenticated users can create their own credit-lines (and set their preferred interest rates and minimum monthly payments) using smart contracts on the xDAI Blockchain. Potential lenders may browse through available smart contracts on the platform, assess borrower credibility with quantitative statistics and choose to which borrowers to lend money. Borrowers receive lent funds from lenders via the borrowers' credit-lines. Upon the receipt of funds, the borrower must withdraw the funds for release into the borrower's Blender Wallet. At the point of final withdrawal of funds from the smart contract into the borrower's virtual wallet, the withdrawn funds begin to accrue the interest at the rate designated by the borrower at the credit line's creation. The borrower is now to repay these funds, and a lack of doing so results in poor statistics on the platform and decreased credibility. In addition, lenders may reclaim the remaining liquid portions of their contributions which have not yet been withdrawn, at will. The Blender Platform reserves the right to obtain owed funds from delinquent borrowers as described in our terms, available online at https://lenderblock.io/termsandconditions-tbp Blender Pro Plus subscription offers benefits including lending to borrower accounts commission-free, free global transfers to friends and family, access to collateral-free credit-limit increases for borrowers via the Blender Verified Registry, access to live-support, and zero monthly Blender Wallet charges. Blender Pro Plus Membership is an auto-recurring monthly subscription of 7.99 USD per cycle; members may cancel at any time. The Blender Platform Terms of Use: https://lenderblockcorp.com/termsandconditions-tbp The Blender Platform Privacy Policy: https://lenderblockcorp.com/privacypolicy-tbp
Screenshots
Verdict
The clearest difference is in-app purchases: SocialLender at none against The Blender Platform's 2. SocialLender also leads on iOS requirement (9.0 vs 15.1). The Blender Platform's advantage is rating (3.3 vs 3.0) and ratings volume (31 vs 3). On price, ads and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. The Blender Platform sells 2 in-app purchases, starting at $7.99 per month. SocialLender asks for nothing beyond the download.
The Blender Platform holds the better App Store score, 3.3 against 3.0. That said, the two scores are not equally well evidenced: The Blender Platform has 31 ratings behind it against 3, so its average is the more settled of the two.
| Parameter | SocialLender | The Blender Platform |
|---|---|---|
| Price | Free | Free |
| Rating | 3.0 (3 ratings) | 3.3 (31 ratings) — better |
| Positive reviews | — | 18.2% of reviews |
| Number of ratings | 3 | 31 — better |
| Update frequency | — | Every 3 days |
| Ads | No | No |
| In-app purchases | No — better | Yes |
| Monetization | Free — better | Free with in-app purchases |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 9.0 — better | 15.1 |
| Further details — not scored | ||
| Size | 36 MB | 49 MB |
| Age rating | 4+ | 17+ |
| Developer | Bincom ICT | Lender Block LC. |
Customer experience
SocialLender
The Blender Platform
In-app purchases
SocialLender
No in-app purchases
The Blender Platform
- Blender Pro Plus$7.991 Month
- Blender Wallet Deposit$0.99
Questions
Is SocialLender free?
Is The Blender Platform free?
Which has better reviews, SocialLender or The Blender Platform?
Do SocialLender or The Blender Platform have ads?
Other comparisons
