finaxmate · banking & microfinance
Core banking with the books already balanced
FinaxMate runs lending, leasing, pawning, debentures and savings on a double-entry ledger that is wired into operations — so your balance sheet is live, not a month-end reconstruction.
What is FinaxMate?
FinaxMate is a core banking platform for licensed financial institutions. It covers microfinance lending, leasing contracts, pawning, debentures, savings and fixed deposits, with double-entry accounting wired directly into operations so the balance sheet is current rather than a month behind.
the cost of the old way
What FinaxMate replaces
The books are a month behind the business
Today
Operations run all day, but the ledger catches up at month-end — so decisions and audits work from stale numbers.
With FinaxMate
Every operation posts to the ledger as it happens. The balance sheet you look at is today's.
Interest and penalties calculated by hand
Today
Rebates, early-withdrawal penalties and accruals depend on whoever computes them — and every dispute is a debate.
With FinaxMate
Calculation methods are configured once and applied by the system, the same way every time.
The pawn ledger leaks
Today
Articles, weights and valuations live in books that can be amended — and the shortfall appears at audit.
With FinaxMate
Asset tagging, scrap weights and valuations are locked inside the software's rules.
Regulator requests take a week of panic
Today
Each Central Bank submission means assembling figures from branches by phone and spreadsheet.
With FinaxMate
Regulatory reports come formatted from the same ledger the operation runs on.
every module, spelled out
What FinaxMate does
FinaxMate ships as one system — every module below is included, not an add-on you discover at the quote.
LENDING & MICROFINANCE
Loan applications, credit profiling, disbursal and field collections end to end.
- Loan products with reducing or flat interest models
- Application, credit profiling and disbursement processing in one flow
- Repayment schedules with arrears tracking
- Early-settlement rebates calculated by the system, not by argument
- Field collections through a credit officers' mobile app
LEASING CONTRACTS
Full lease lifecycle with automated billing and asset depreciation.
- Lease contracts from origination to closure
- Automated billing across the term
- Asset depreciation and valuation tracking
- Insurance renewal tracking on leased assets
- Repossession status when it comes to that
PAWNING OPERATIONS
Pledge gold and assets, calculate scrap weight and accrue interest automatically.
- Gold inventory with limits and automated valuations
- Scrap weight calculations locked inside the software's rules
- Automatic interest accrual on pledges
- Auction logic for unredeemed articles
DEPOSITS, FDs & DEBENTURES
Savings, fixed deposits and borrowing instruments with the full lifecycle handled.
- Account opening with customer verification, joint and secondary owners
- Approval workflows before an account goes live
- Fixed deposit lifecycle: certificates, maturity tracking, renewals and early-withdrawal penalty calculation
- Standing orders with execution and failure handling
- Withholding tax handled and reversible where the rules allow
- Debenture products with configurable interest methods and penalty rules
TELLER & BRANCH OPERATIONS
The counter, the till and the branch network, run under proper controls.
- Till open and close per teller, per day
- Cash deposits, withdrawals, cheque deposits and cheque returns
- Branch manager approvals for special transfers and reversals
- Multi-branch structure with role-based access per user
- Customer 360° view with KYC records and every account in one place
COMPLIANT ACCOUNTING
Double-entry ledgers hooked straight into operations, producing instant balance sheets.
- Hierarchical chart of accounts built for financial institutions
- Automated journal entries from operations, plus manual entries under control
- Real-time general ledger — the balance sheet is live, not month-old
- Trial balance, P&L and balance sheet generated from the ledger
- Regulatory reports formatted for Central Bank requirements
what it changes
Typical results
100%
regulatory compliant
Calculations follow central banking guidelines and standard accounting practice.
0%
pawn ledger loss
Asset tagging and scrap weights are locked inside the software's rules.
Realtime
financial auditing
No waiting for month-end books — the balance sheet is live.
Figures reported by FinaxMate customers on their own operations. Results vary with how you run today — we'll model yours on the walkthrough rather than promise you these.
from first call to live
How rollout works
01
Scope your products
We map your loan, deposit, leasing and pawning products and their interest rules.
02
Configure branches & roles
Branch structure, user roles, approval chains and teller controls set up to match your governance.
03
Migrate and verify
Customer records and balances come across with verification steps before anything goes live.
04
Go live, branch by branch
Tellers and officers train on the guided workflows; the ledger runs from day one.
is this you?
Built for some businesses — honestly not for others
FinaxMate is built for you if…
- Licensed finance companies and microfinance institutions under regulatory reporting duties
- Co-operatives running savings, FDs and lending across branches
- Institutions with pawning operations that must survive an audit
- Lenders whose field officers collect repayments away from the branch
It's probably not for you if…
- A general business that just needs invoicing and books — NomadLedger is the right size
- Institutions wanting a generic accounting package with lending bolted on — this is built the other way around
If you sit in the second column, we'd rather tell you now than after an implementation. Book the walkthrough anyway — we'll point you at the right-sized option, even when it isn't ours.
Who it's for
Microfinance companies, co-operatives and licensed financial institutions.
See Microfinance & core bankingSee the rest of it
FinaxMate is one part of the platform. The same promise runs through everything we build.
All productsFrequently asked questions
What is FinaxMate?
FinaxMate is a core banking platform for licensed financial institutions. It covers microfinance lending, leasing contracts, pawning, debentures, savings and fixed deposits, with double-entry accounting wired directly into operations so the balance sheet is current rather than a month behind.
Does FinaxMate handle pawning?
Yes, as a first-class module rather than an afterthought. You pledge gold or assets, calculate scrap weight, and let interest accrue automatically — with asset tagging and weights locked inside the software's rules, which is where the reported zero pawn-ledger loss comes from.
Is it compliant with central banking requirements?
Calculations follow central banking guidelines and standard accounting practice, and the ledger is double-entry throughout. Because accounting is hooked into operations rather than bolted on afterwards, audit trails are continuous instead of reconstructed at period end.
Can it run the full loan lifecycle including field collections?
Yes — applications, credit profiling, disbursal and field collections end to end. Leasing runs the full contract lifecycle with automated billing and asset depreciation, and savings covers accounts, fixed deposits, interest runs and withdrawals.
What controls exist at the teller counter?
Tills open and close per teller per day, cash and cheque operations are recorded as they happen, and sensitive actions — special transfers, reversals, account approvals — route to branch manager approval. Every account passes an approval workflow before it goes live, so the counter runs fast without running loose.
Does it support fixed deposits properly — certificates, maturity, renewals?
Yes. The FD lifecycle is handled end to end: certificate printing, maturity tracking, renewals, and early-withdrawal penalties calculated by configured rules rather than by hand. Standing orders run on schedule with explicit failure handling, and withholding tax is applied and reversible where the rules allow.
What do field officers and customers get on mobile?
Credit officers collect repayments in the field through a dedicated mobile app, and customers can see balances, loan status and make payments through theirs — so the branch counter stops being the only channel.
Can we migrate from our existing core system?
Yes. Migration is the part most institutions are rightly nervous about, so we scope it explicitly — data mapping, parallel running and cutover — before anything is committed. See the migration page for how we approach it.
see it on your own portfolio
Bring the reconciliation that takes you longest
Pawning interest, lease depreciation, a month-end that never closes on time. In 30 minutes we'll show you the same thing running on a ledger that never falls behind.
30 minutes, on your own numbers.