Finflux Reviews & Product Details

Finflux is SaaS based lending platform that offers all-in-one solutions for needs of loan origination, loan management, financial accounting, marketplace integration, app based lending, alternative data based credit scoring, dashboards & reporting and analytics. At present we are serving about 4+ million borrowers with active loan portfolio of $3.2 billion. FinFlux is a fast-growing lending platform which offers classic and bespoke solutions. We can serve myriad institutions ranging from who serve the bottom of the pyramid (BOP) to nuanced (non)-banking/financial institutions. Microfinance, SACCOs, Banks, FIs, evolving Fintechs, Business Correspondents, Aggregators in origination process, Agent networks and many more. Finflux breaks the transactional input model to outcomes based model to achieve competitive advantage. Digitization, authoring underwriting rules, rules-based automation in workflows, tiered maker-checker and approvals offers differentiated customer experience and digital journey. It's cloud-first and then mobile-first empowering the field force. The platform comes with many must-have integrations and marketplace nexus to improve the time to market. Purely a SaaS-based model, aimed truly at impeccable architecture fine-tuned for performance benefits (API round trip times < 2 seconds), banking grade security & compliance and scale on demand.

Seller

M2P Solutions Limited

Discussions

Finflux Community

Languages Supported

Arabic, English, Esperanto, French, Hindi, Portuguese, Thai, Vietnamese, Chinese (Simplified)

Solution Type

Best-of-Breed

Overview by

Chinar Gauri

Value at a Glance

Averages based on real user reviews.

Time to Implement

2 months

Perceived Cost

$$$$$

View More Pricing Information

Top-Rated Alternatives

Abrigo Loan Origination

4.6/5(92)

View All Alternatives

User Insights

Average based on 106 real user reviews.

Implementation Time

2 months

Perceived Cost

$$$$$

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Amrutha K.

Asst. Manager

Enterprise (> 1000 emp.)

12/21/2021

"Good loan management system"

4/5

What do you like best about Finflux?

User management, registering devices, EOD Review collected by and hosted on G2.com.

What do you dislike about Finflux?

EMI changes should be restricted, Transfer Review collected by and hosted on G2.com.

DHEERAJ D.

Senior Accountant

Enterprise (> 1000 emp.)

12/25/2021

"One of the best"

5/5

What do you like best about Finflux?

Supportive flexible adaptable and helpful Review collected by and hosted on G2.com.

What do you dislike about Finflux?

Less communication late replies and slow process Review collected by and hosted on G2.com.

Verified User in Financial Services

Small-Business (50 or fewer emp.)

7/21/2021

"Practical alternative to Mifos/Fineract"

5/5

What do you like best about Finflux?

Finflux gives us all the necessary workflow and features that are required to run a microfinance business. They have built a robust security, workflow, and underwriting layer. Finflux subscription pricing is also very competitive in the market. Review collected by and hosted on G2.com.

What do you dislike about Finflux?

We use the hosted version and sometimes the app runs slow. Also, the reports module is built on Pentaho. We need to go to their data engineering team for any new reports. Enabling self-service for reports will be helpful. Review collected by and hosted on G2.com.

Verified User in Financial Services

Enterprise (> 1000 emp.)

12/26/2021

"Easy Accessible"

4/5

What do you like best about Finflux?

Response for the doubts and correct answers for the questions we had Review collected by and hosted on G2.com.

What do you dislike about Finflux?

Delay in clarifying the doubts regarding the data points Review collected by and hosted on G2.com.

Verified User in Financial Services

Enterprise (> 1000 emp.)

12/15/2021

"Best Microfinance Software."

5/5

What do you like best about Finflux?

Finflux banking made easier, ease of use, simple & clean user interface. Review collected by and hosted on G2.com.

What do you dislike about Finflux?

From my side i think everything is ok ... Review collected by and hosted on G2.com.

Amit S.

Mid-Market (51-1000 emp.)

3/3/2020

"Finflux as an LMS"

4/5

What do you like best about Finflux?

1. Custom reports are instantly available

2. Non availability of Support on any holiday is known in advance

3. The core LMS functionalities are easy to understand

4. Top tier of the team is always approachable

5. Constant upgrade Review collected by and hosted on G2.com.

What do you dislike about Finflux?

1. User documentations are old

2. They may need to increase their Support team strength. Except for Critical issues, fix / enhancements for other issues could be done sooner

3. Most of the tool tip texts are not helpful

4. Patches for bugs should be available in the current version in addition to an upgraded version Review collected by and hosted on G2.com.

What problems is Finflux solving and how is that benefiting you?

Finflux is our core LMS. Through the tech enhancements, we can now do a basic credit check right at the time of sourcing. This has a right-then-and-there feedback for the customer. This has also helped us in reducing the risk and improving the productivity.

Finflux is also integrated with our other tech applications through which our various departments can manage the loans as per our own business logic. Review collected by and hosted on G2.com.

Rohit M.

Manager-IT

Enterprise (> 1000 emp.)

3/3/2020

"Finflux - Customization and Operational modules"

4.5/5

What do you like best about Finflux?

Finflux is continually working to improve their products and provide new features to align with business requirements. Finflux comes with the complete suite of operational tools and reports to support needs ranging from loan origination and management to analytics and mobility solution. We use financial accounting module for our NBFC as well as a variety of 3rd party integrations for our NBFC and business correspondence. The staff is considerate and supportive. Their product road map is ambitious and well defined. Review collected by and hosted on G2.com.

What do you dislike about Finflux?

With highly customizable configurations and workflows instigates initial time and effort for beginners, tutorials could have come in handy. Review collected by and hosted on G2.com.

Eric C.

Chief Operating Officer

Mid-Market (51-1000 emp.)

3/12/2020

"Finflux enables access to data"

4.5/5

What do you like best about Finflux?

Finflux has enabled role and function appropriate access to the organisation, which in turn has improved productivities and decision-making. The team at Finflux is responsive and knowledgeable and have provided flexibility for our independent needs. Review collected by and hosted on G2.com.

What do you dislike about Finflux?

Some functions are repetitive and time consuming, for example, a SELECT ALL option when closing offices. Review collected by and hosted on G2.com.

What problems is Finflux solving and how is that benefiting you?

We have worked with the Finflux team from inception and there is a good understanding of the organisation and its requirements. We have been able to rollout mobile devices to field staff which have improved productivity both within the field and the head office admin team. We are currently working with Finflux to enable additional tasks to be performed in the field at source - we believe that this will continue to improve productivity while also improving data accuracy Review collected by and hosted on G2.com.

Tejas A.

Azure Security Engineer

Enterprise (> 1000 emp.)

6/26/2020

"Automating Finance Industry"

4.5/5

What do you like best about Finflux?

This is a next-gen technology for the banking and finance industry which enables the credit or money lending platform with automation and mobility. Giving cross-platform efficiency with API interface. Review collected by and hosted on G2.com.

What do you dislike about Finflux?

Having an optimistic approach while working avoids issues, still, the cost could become a barrier when needed in finance and time is also a constraint. Review collected by and hosted on G2.com.

Amit J.

Executive Director

Mid-Market (51-1000 emp.)

3/6/2020

"Simple, Easy to use yet very powerful lending platform"

5/5

What do you like best about Finflux?

Ease of use, simple and clean user interface. A. Mobile app for field officers, quick on-boarding of groups and clients. B. Reporting and Analytics, powerful tool to detect early warnings, frauds and trends C. Effective collection module, helps field officers get the collections on time D. Loan Mitra, Digamber's private agent banking network Review collected by and hosted on G2.com.

What do you dislike about Finflux?

Notification system, email notification, sms and app based notification need more user friendly Review collected by and hosted on G2.com.

What problems is Finflux solving and how is that benefiting you?

1. Growth: Digamber was able grow almost 100% YoY 2. Paper less and Cashless: With help of FInflux mobility and digital solution, we are able to achieve 100% cashless and paper less 3. During demonetisation, Finflux helped with cashless collection 4. Effective monitoring of the operation (Risk, Frauds, Quality of the portfolio) Review collected by and hosted on G2.com.