Pardna vs ProTradePay

Access super low cost short term borrowing and achieve your saving goals with close friends and family. The collaborative saving tradition known as pardna, handed down in the UK from the Windrush Generation, has been reborn within Pardna App! Whether you are saving up for that holiday, trip back home, or have an unexpected bill, Pardna App will help you to manage your finances. Save and lend with your close friends, family, church group or community - people you know and trust the most. We have engineered a secure platform for your pardna activities. HOW DOES IT WORK? Create and name your group, determine how much everyone will pool per month (the Hand) into the central pot, how many people and for how many months. The app will calculate the amount each person will take a turn to receive (the Draw) every per month. Invite people you know and trust to join your group and when all slots are filled, Pardna App will automatically activate the group. The first person to receive their Draw is getting a loan from the group. The last person top receive their Draw is achieving a saving goal. Everyone reaches their desired outcome with the help of the collective. FEATURES • Easily swap slots with group members  • Receive your Draw directly into your bank account • State-of-the-art secure encryption between Pardna App and your account • All group members identity checked in an instant for your piece of mind Pardna Limited is acting as an agent of TrueLayer, who is providing the regulated Account Information Service and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011 (Firm Reference Number: 901096)

PTP app by ProTradePay let's you access your universal trade credit account, to manage spend with your primary suppliers, access trade credit, scan receipts and authorise payments to over 9,000+ builders merchants and suppliers across the UK.