Open a SuperSim Account in Seoul
SuperSim money services — used in Seoul, South Korea
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Quick Facts
Using SuperSim in Seoul
SuperSim is accessible to forex and CFD traders in Seoul and South Korea. You can open an account fully online with identity verification completed in minutes.
Traders in Seoul use SuperSim for access to forex pairs, indices, commodities, and crypto CFDs with competitive spreads and a choice of trading platforms.
As a regulated broker, SuperSim accepts clients from South Korea subject to local financial regulations. Leverage limits and product availability may vary by jurisdiction.
Is SuperSim available in South Korea?
SuperSim accepts clients from many countries including South Korea. Traders in Seoul can open an account online. Note that leverage limits and product availability differ by jurisdiction due to local financial regulation (e.g., ESMA rules in the EU, ASIC rules in Australia).
What is SuperSim?
SuperSim is a Brazilian credit fintech founded in 2019 by Daniel Shteyn and Antonio Brito. The company specialises in personal loans of up to R$2,500 aimed at Brazilians in the C and D income brackets who are often underserved or rejected by traditional banks. SuperSim's standout innovation is using the customer's own smartphone as loan collateral: if a borrower defaults, the device is remotely locked, giving lenders security and enabling SuperSim to extend credit to customers that competitors would typically decline. This technology-backed risk control allows SuperSim to target a loan approval rate of around 10% of applications — far above the 0.5%–2% industry average. In 2021 the company raised R$30 million in a securitisation operation led by Navi to fund further expansion of its credit portfolio.
Key Features of SuperSim
Smartphone as collateral
Your cell phone acts as loan security. If you default, the device is remotely locked — reducing risk and enabling higher approval rates.
Loans up to R$2,500
Designed for everyday credit needs: emergencies, bills, and unexpected expenses for working-class Brazilians.
High approval rate
SuperSim approves around 10% of applicants — well above the 0.5%–2% industry norm — thanks to its tech-driven risk model.
Focus on classes C and D
Built specifically for lower-income Brazilians who are often turned away by traditional banks and credit companies.
Fast digital application
Apply entirely online or via mobile app in minutes — no paperwork or branch visits required.
Backed by Navi
A R$30 million securitisation led by fintech investor Navi ensures strong capital backing for loan disbursement.
SuperSim Pros & Cons
Advantages
- Much higher approval rate than traditional lenders
- No credit history required — smartphone is the guarantee
- Fast, fully digital application process
- Fills a real gap for underserved C and D income earners
- Innovative risk model reduces default risk without punishing borrowers upfront
- Backed by serious institutional investors (Navi)
Disadvantages
- Maximum loan amount limited to R$2,500
- Device lock-out on default can be disruptive
- Not suitable if you need a large loan
- Available in Brazil only
Who is SuperSim Best For?
Ready to get started with SuperSim?Available in Seoul
Open your account today and take advantage of everything SuperSim has to offer.
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Frequently Asked Questions About SuperSimin Seoul
Is SuperSim safe?
SuperSim is a regulated financial services provider. Digital Bank Networks only features regulated, vetted affiliates. Always review the provider's terms, fees, and regulatory status before transferring funds. CFD and forex trading carries risk — please read all risk disclosures before trading.
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Risk Warning: Trading forex and CFDs involves significant risk of loss and may not be suitable for all investors. Past performance is not indicative of future results. Please ensure you fully understand the risks involved before investing.