Finflux Review

Founded in 2010, Finflux’s vision was to create affordable and equitable financial access to people and businesses around the globe. Since then, this innovative loan origination software has grown to service more than four million borrowers with a total loan portfolio of more than $9 billion.

The Finflux suite is now trusted and used by more than 60 lending institutions around the world, everything from fintech startups, microfinance institutions, global banks, NBFCs, and the mortgage industry. This banking platform provides end-to-end digital lending technology and includes all parts of the process, everything from loan origination, loan management, collections, and accounting and portfolio management. 

In this Finflux review, we will look at what Finflux is, its key features and benefits, as well as its costs. Here is everything you need to know. 

What is Finflux used for?

Finflux is a cloud- and SaaS-based lending platform that gives financial institutions of all sizes and scales the ability to better manage their lending operations. Finflux also facilitates quicker market launch and orchestrates a positive revenue growth year after year.

Finflux also provides all-in-one solutions for the following:

• Loan origination
• Loan management
• Financial accounting
• Marketplace integration
• App-based lending
• Alternative data-based credit scoring

Finflux is packed with features, which include an intuitive dashboard, state-of-the-art analytics, and alternative data-based credit scoring.

Finflux review: Who uses Finflux?

Currently, Finflux services more than four million borrowers with a total loan portfolio of more than $9 billion. Additionally, the Finflux suite is currently trusted and used by more than 60 lending institutions around the world, everything from fintech startups, microfinance institutions, global banks, NBFCs, and the mortgage industry.

The mobile-first, cloud-based approach helps to achieve not only the award-winning innovations and re-define transactional input model, but also improves convenience for clients through cutting-edge technology that is designed to democratize online mortgage lending.

What are Finflux’s key features?

Finflux is a banking platform that provides end-to-end digital lending technology and includes all parts of the process, everything from loan origination, loan management, collections, and accounting and portfolio management.

To help achieve this, Finflux offers a wide range of key features. For instance, Finflux lending suite offers these advantages:

• Improved management of entire loan portfolio
• Holistic compliance across national and international regulations
• Faster market launch
• Complete customization depending on the client’s needs
• Improved business operations and revenue generation

Finflux also offers support in the following languages:

• Arabic
• English
• Esperanto
• French
• Hindi
• Portuguese
• Thai
• Vietnamese
• Chinese (simplified)

What are the benefits of using Finflux?

Finflux offers many benefits. This SaaS-based lending platform offers all-in-one solutions for loan origination, loan management, marketplace integration, financial accounting, app-based lending, analytics, dashboards and reporting, and alternative data-based credit scoring.

A fast-growing lending platform offering both classic and innovative solutions, Finflux breaks the transactional input model to outcomes-based modelling to achieve a competitive advantage. Finflux also offers a differentiated customer experience and, ultimately, a different digital journey through digitization, rules-based automation in workflows, and tiered approvals and maker-checker.

To improve the time to market, Finflux’s platform comes with numerous must-have integrations and marketplace nexus. Finflux’s SaaS-based model also improves banking-grade security and compliance, as well as scale on-demand.

Finflux: Company overview

Headquarters: Bangalore, Karnataka

Number of employees: 27

Industry: Financial technology and software  

Revenue: $18.3 million

Key people: CEO and Founder Nayan Ambali  

What is Finflux’s pricing model?

Finflux’s payment model is based on no-surprise pricing. This means that, from software to service, everything that you need to make your mortgage lending business a success is included in your annual subscription plan. Here are some key features in Finflux’s pricing model:

• No up-front fees—it is pay-as-you-go
• Deployment options: Pricing based on on-premises or SaaS
• Lowest total cost of ownership in the industry
• Due to immediate ROI, Finflux helps you lend faster, cheaper, and better
• Full-stack solution: end-to-end lending applications

What markets does Finflux operate in?

Finflux is present in two markets with one product. These markets include the following:

• Digital banking platforms
• Loan origination software

Let’s take a closer look at each of these markets and what they do:

Digital banking platforms

A digital banking platform, or DBP, allows a bank to start the transformational process of becoming truly digital. A digital banking platform also allows banks to reach business optimization. This, however, is not the end goal. If your bank is looking only at business optimization as their goal, a digital banking multi-channel solution would meet those requirements.

Loan origination software

Loan origination software allows financial institutions to automate and manage the workflow of each step in the lending process. These steps often include loan applications, underwriting, credit approval, documentation, pricing, funding, and rejection or disbursement of the loan application.

LOS also integrates with other back end and front-end applications of lenders, allowing them to exchange communications and data for delivering an improved lending experience. Additionally, LOS such as Finflux adheres to industry regulatory and compliance standards, which protects customer data and eliminates security breaches. LOS is usually used by financial institutions to manage activities surrounding mortgage lending, consumer, commercial, SME, SBA, and retail in a single, centralized space.

Competitors
If you are curious about how Finflux compares to other options in the loan origination software market, here are some alternatives worth exploring:   

• Calyx
• BankPoint
• Newgen Software Loan Origination System
• Floify
• TurnKey Lender
• LendingPad
• Mortgage Automator
• i-Apply
• Encompass360
• The Mortgage Office
• NetOxygen Enterprise  

Finflux review: Will this LOS work for your company?

With some 30 employees and revenue of $18.3 million, Finflux has become a major player in the financial technology and software space. This fast-growing banking platform provides end-to-end digital lending technology and includes all parts of the process, everything from loan origination, loan management, collections, and accounting and portfolio management

As mortgage loan origination software, Finflux offers numerous features that can instantly make life easier for all involved in the mortgage loan origination process. Your choice on whether it will work for your company will come down to how connected you want to be through every step in the process. Even better, you can track your teams progress in real time. If you are not quite sure that they are the right fit, we invite you to pay attention to our mortgage software reviews section as we will continually be adding new pieces of software for you to choose from.

Do you not feel that this is the right tool still? See our mortgage broker software reviews page for more options.

Do you have experience using Finflux Do you think it is an effective tool to stay connected throughout the mortgage loan origination process? Share your Finflux review in our comments section below.