Cuzdan
Cüzdan is a mobile wallet that consolidates everyday financial operations, including utility payments, money transfers by mobile number, QR-code payments, and fund requests. The platform also enables fully online consumer credit applications of 100–3000 AZN through partner non-bank credit organization BOKT "Embafinans" QSC, with digital contract signing via SIMA and funds delivered directly to the user's wallet balance.
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Azerbaijani consumers face friction in managing daily finances, often needing to visit bank branches for credit applications and juggling multiple channels for bill payments, money transfers, and balance top-ups. Access to small consumer loans typically requires in-person bank visits, creating time and accessibility barriers.
Solution
Cüzdan provides a unified mobile wallet that consolidates essential financial operations in one place. Users can complete simple registration and then track utility and daily payments, transfer money to contacts by mobile number with no hidden commissions or time restrictions, and create fund requests sent to friends with one click. The platform also enables QR-code-based transfers for instant, secure, and unlimited payments. For lending, Cüzdan facilitates fully online credit applications through partner non-bank credit organization BOKT "Embafinans" QSC, allowing users to apply 24/7 without visiting a bank, review transparent individualized offers, sign contracts digitally via SIMA, and receive approved funds directly into their Cüzdan balance.
Target Audience
Primary users are Azerbaijani consumers seeking a convenient digital wallet for everyday payments, transfers, and mobile top-ups, as well as individuals needing small, bank-free online consumer loans of 100–3000 AZN who have official income and can verify their identity electronically.
Features
- Unified mobile wallet combining payments, transfers, fund requests, and mobile top-ups in one application
- Instant money transfers by mobile number with no time restrictions, no hidden commissions, and no waiting
- QR code transfer capability for both sending and receiving payments with speed and security
- Online credit application from 100 to 3000 AZN for terms up to 6 months, available 24/7 without bank visits
- Digital contract signing via SIMA (Asan Imza) mobile electronic signature
- First month of credit with no payment; repayments begin in the second month, included within the total loan term
- Transparent credit offer showing amount, term, interest rate, monthly payment, total repayment, and 7% Cüzdan service fee before acceptance
- Credit assessment considering official employment or verifiable income, credit history, active delinquencies, and existing debt burden