Finablr
A Mobile Lending Platform Driving Seamless Borrower-Lender Engagement.
services
Mobile App Development
industry
FinTech / P2P Lending
duration
6 Months
country
Uganda
Project Overview
Finablr is a mobile app for peer-to-peer (P2P) lending that securely connects borrowers and lenders on a single platform, allowing borrowers to easily apply for loans, add collateral (assets) and guarantors (co-signers), and track their application status in real time. Borrowers can also see their payment plan in a clear table, check installment details, and pay directly through the app. Finablr helps users upload personal, financial, and legal documents to complete their identity checks smoothly. For lenders, the app provides access to verified loan requests. Lenders can see detailed information on collateral and guarantors to make smart decisions. They can fund a loan by themselves or share the cost with other lenders. The app also lets them track repayment plans and receive payments securely. An admin team checks all users, collateral, and guarantors. This adds a layer of trust, reduces risk, and ensures everything is done correctly. By being clear, safe, and efficient, Finablr creates a trustworthy online space for P2P lending.
Challenges
Co-Lending with Multiple Lenders
Dynamic Payment Schedules
Secure Document Management
Our Solution
Smart Co-Lending System
Flexible Payment System
Streamlined Documentation Workflow
Features
The Finablr P2P lending app includes key features built to connect borrowers and lenders on a single, secure platform with real-time tracking and automated workflows.
1. An App for Different Roles
Finablr is built for two main groups: borrowers and lenders. When users sign up, they choose their role. The app then changes its layout and features to fit their needs. Borrowers see tools for loan applications and payments. Lenders see loan requests and investment options. Both experiences work together smoothly in one app.
2. Strong Identity Checks
Finablr uses a thorough check to create a safe lending environment. Both borrowers and lenders must submit personal, financial, and legal documents. The admin team verifies these details. Only after approval can users apply for or fund loans. This process builds trust and helps prevent fraud.
3. The Loan Application Process
Borrowers can easily apply for a loan by providing key details like the amount needed, interest rate, and loan term. They can also add collateral, a guarantor, and an e-signature. After a borrower submits an application, the admin team checks it. Once verified, the loan request becomes visible to lenders.
4. Managing Collateral & Guarantors
Borrowers can make their loan requests stronger by adding collateral and guarantors. They can submit details about their collateral, including its value, and upload photos or documents. This information is linked to their loan application. The admin team verifies these details to ensure they are accurate before lenders see the request.
5. Tracking Applications from Start to Finish
Finablr shows both borrowers and lenders every step of the loan process: 1. Checking: The admin team verifies the borrower's collateral and guarantor. 2. Matching: The loan is shown to lenders who can choose to fund it. 3. Paperwork: The borrower and lender(s) digitally sign the loan contract. 4. Payment: The funds are sent to the borrower. Both users see status updates on their dashboards, so they always know what is happening.
6. Flexible Lending Options
Lenders can fund a whole loan or just a part of it. With our co-lending feature, up to four lenders can fund a single loan together. Lenders can also send counteroffers with a different interest rate. This flexibility allows more people to invest, shares the risk, and helps loans get funded faster.
7. Automatic Contracts & E-Signatures
Finablr creates digital contracts automatically. The system pulls in all the details for the borrower, lender, and loan. The contract is sent first to the borrower to sign electronically in the app. Then, it goes to the lender to sign. This process ensures all contracts are accurate, secure, and legally sound.
8. Payments & Loan Repayment
Once the contract is signed, lenders can send the loan amount directly to the borrower through the app. Borrowers can easily pay their installments using the app's built-in payment methods. The platform tracks every payment and updates the schedule for both users, keeping all money matters clear.
Technologies Used
Finablr uses a service-oriented Node.js API built with Express, backed by PostgreSQL and Sequelize for data modeling. Flutter powers the cross-platform mobile app, with Flutterwave for payments.
Mobile App
Flutter
Backend
Express (Node.js), Sequelize, AWS S3, Passport JWT
Database
PostgreSQL
Real-Time
Socket.io
Message Queue
RabbitMQ
Payments
Flutterwave
Conclusion
Finablr streamlines P2P lending by combining secure identity checks, transparent loan workflows, and flexible co-lending options in a single mobile-first platform. With real-time updates, automated contracts, and clear repayment tracking, it builds trust between borrowers and lenders while keeping operations efficient for administrators.
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