Planning to Conquer Traditional Banking? Hire Alternative Financing Software Experts!

In the era of blockchain and peer-to-peer technologies, alternative financing services are gaining popularity, but building such applications poses quite a challenge. Share your product idea with us and watch how developers and designers bring out the best of it — for the users and for your company.

Digital lending and loan software in P2P economy

“Banking is necessary, banks are not,” said Bill Gates in 1994. Fast-forward to today, the same attitude drives challenger banks and tech-savvy startups in their efforts to end the dominion of incumbent financial institutions, burdened by legacy software and outdated underwriting systems. The growing demand for financing (available to businesses, NGOs and individuals) is unlikely to be satisfied by traditional banks, with their time-consuming application processes and strict eligibility criteria, giving the sharing economy and peer-to-peer models a chance to offer a long awaited alternative.

Lending software development is a complex operation that begins with striking the right balance between user expectations and business objectives. On the one hand, you have borrowers looking for flexible and affordable funding solutions to boost their working capital, improve cash flow or finance innovation. On the other hand, there are lenders hunting for the best investment opportunities, interested in securing stable returns and building a well-diversified portfolio. Satisfying the needs of both parties, while keeping your digital business afloat and bulletproofing the solution against cyberthreats is a challenge you shouldn’t face on your own…

Lending software development by Code & Pepper

Product Design

No matter if your product aims to serve individual or business purposes, compelling application design can give you the power to outshine competition. The design team at Code & Pepper will be thrilled to join the time-to-market race and bring their expertise on board!

E2E Product Development

Digital lending software consists of multiple layers, including data processing, payment gateways, security features, and robust front-end. It’s our goal to engineer every layer to perfection and achieve top performance as a result.

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3rd Party Integrations

Alternative financing offers a myriad of third-party integrations, e.g. with digital wallets, money transfers or open banking. Hands-on experience in implementing such solutions allows our developers to create efficient, reliable, and secure products.

API Development

To ensure high connectivity and accessibility of your app, Code & Pepper promotes API-driven development. With this approach, we can create a developer-friendly code structure and help your product excel not only among your customers, but also among the tech community.

Aiming for high-tech prowess? You’re in good company!

Code & Pepper has a sweet spot for developing ambitious FinTech products. Let’s build one together!

Introduction to digital lending solutions

Crowdfunding platforms

What do Oculus Rift (now owned by Facebook), Fitbit watch and Exploding Kittens have in common? They all owe their success to crowdfunding! Platforms such as Kickstarter or Patreon have become the hub of innovative startup products and independent creators looking for support from their enthusiasts. Depending on their business goals, crowdfunding platforms ought to be able to scale up in terms of user base growth, the amount of money transfers and the sums wired.

P2P lending marketplaces

This type of products responds to the needs of businesses that seek financing, but conventional bank loans are not an option they can — or want to — rely on. Connecting investors and companies through crowdlending platforms has created new opportunities for businesses of all sizes and industries. P2P lending software gives them a chance to bring their fund-worthy ideas to life, while potential investors can in turn build diversified portfolios and benefit from attractive interest rates.

Invoice financing solutions

Unsteady cash flow caused by delayed payments is every entrepreneur’s worst nightmare that many small and medium businesses have to face on a regular basis. Invoice financing (or accounts receivable financing) resolves this issue by lending money to such businesses against the amounts due from customers or debtors. The funds can be used to fill the gaps in cash flow or reinvested in growth, while the borrowing fee is typically calculated as a percentage of the invoice amount.

Loan comparison engines

The amount of loan offers available on the market can be overwhelming or confusing, making it difficult to choose the best option. Sooner or later, tech-savvy FinTech founders had to come up with a solution to this problem by introducing comparison platforms. They often combine the power of big data technologies and machine learning (in features such as recommendation engines) in order to deliver valuable, personalised search results for individual and business users.

Credit scoring and risk rating

Digital lending would be crippled without tools for assessing creditworthiness. New FinTech players specialising in predictive analytics often leverage data sourcing through automated APIs, feeding their scoring models and risk profiles with relevant data inputs, such as financial history, macroeconomic variables, and qualitative information. Some can even be connected to your accounting software to monitor credit scores, automate updates and set up early warning indicators.

Challenges in lending software development

If your P2P lending platform is to succeed, interactions between borrowers and lenders must be carefully planned and reflected in rules of engagement. Gaining users’ trust requires maintaining a good track record and strategic community building based on transparency (e.g. providing background checks, ratings guides, statistics, and risk profiles). On top of that, the platform’s survival relies on reducing operating costs without compromising regulatory compliance and cyber security.

Apt software architecture, secure and performant back-end paired with reliable API integrations can significantly boost your loan processing potential. Competing on the market of digital lending solutions also means investing in speed (e.g. digital onboarding instead of manual processing) and accuracy (e.g. building standardised and unbiased analytical models, leveraging big data and machine learning or AI). With Code & Pepper, all those pieces of the software puzzle will run like clockwork.

Flex Funding

Denmark’s leading crowdlending platform

Flex Funding is a web marketplace combining peer-to-peer lending and business investment. It matches private and professional lenders, who wish to build a profitable portfolio, with small and medium-sized enterprises looking for affordable loans to boost growth.

Code & Pepper came on board to refine the product requirements, create a slick user interface, optimise UX and supply dedicated Angular developers to implement a robust front-end. The application makeover resulted in higher accessibility and performance, with solid security features put in place and tested during a custom QA process.
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50+ pages developed

1.2k tests

4.4 Trustpilot score

Selected testimonials

Premila Stampe Head of Business Strategy at Flex Funding

We value Code & Pepper for their quick-to-grasp understanding of our financial product and implementing an optimized user experience on the client-side app. The team are highly experienced and brought a great approach to our project.

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Christian Schneider Co-founder at Monkee

The team at Code & Pepper has been very responsive to our business needs since the beginning of our collaboration. When new requirements emerged, they were always both fast and diligent to provide us with candidates that fully met our teams’ requirements. Experts in specialized software development areas are always in high demand so having a competent partner by your side is a great help to move quickly as a start-up!

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James Varga CEO and Founder at DirectID (The ID Co.)

We value Code & Pepper for their proactive attitude, responsiveness and transparency. It’s a reliable and dependable company that we can recommend for other business entities to cooperate with.

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Our clients are backed by industry leaders

14 years on the market

70+ team members

4.6 score on Clutch

Move your product idea in the right direction

Code & Pepper will guide your digital product through the rocky terrain of development and far into the higher plains of commercial success.

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