This startup offers a no-code platform that enables financial institutions to digitize credit access without requiring engineering resources. By automating API integration, underwriting processes, and loan management, the platform allows banks and fintech companies to underwrite loans quickly and efficiently for billions of potential borrowers worldwide.
Funding
$355K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EFTPFounders
Product
Problem
Financial institutions face challenges in digitizing credit access due to the complexities of API integration, underwriting process automation, and loan management, often requiring significant engineering resources. This can limit their ability to efficiently underwrite loans for a global customer base and offer modern financial products.
Solution
FinStack is a no-code platform designed to empower financial institutions to rapidly digitize their lending processes and offer a range of financial products without extensive coding. The platform streamlines the creation and deployment of digital lending, cards, and wallet solutions by automating API integrations and underwriting workflows. FinStack's Journey Builder enables the design and implementation of customer journeys and onboarding flows through a no-code interface. The platform also provides a CRM to track customer interactions and analyze sales performance.
Target Audience
FinStack targets banks, Non-Banking Financial Companies (NBFCs), FinTech companies, and operational lenders seeking to digitize their lending processes and offer modern financial products without requiring extensive engineering resources.
Features
- No-code Journey Builder for designing and optimizing underwriting and customer journeys
- Pre-built integrations for KYC, bureau APIs, bank statement extraction, and other data sources via the DataHub
- Customer Relationship Management (CRM) for tracking customer interactions and policy performance
- Analytics dashboard for monitoring key performance indicators and sales funnel analysis
- Plug-n-play vendor selection from a marketplace or integration of existing vendor and custom data
- Support for various FinTech products including personal loans, BNPL, co-branded cards, and PPI wallets
- Enterprise-grade security, privacy, and accessibility controls