Financial Software & Services
Peer To Peer (P2P) Lending Software Development Services
Tell us about your project.
A strategic tool designed to revolutionize the way lending is conducted in the digital era.
Why Choose Orases?Orases offers comprehensive Peer-to-Peer (P2P) Lending Software Solutions, designed to streamline and enhance the lending experience for both borrowers and lenders.
By connecting private lenders with individual and business borrowers directly, our platform eliminates the need for intermediaries, offering a more efficient, transparent, and cost-effective lending process.
Custom Software We Develop
Engaging solutions that are proven to work.
Orases has developed a wide range of custom software solutions across a multitude of industries over the years. Here is what we offer our business clients, regardless of the size or industry they operate in:
Advanced Web Applications
We will design and develop applications for your organization’s website. These applications are well-optimized for performance without sacrificing security.
API Development
The APIs developed at Orases provide businesses with the ability to run testing automations to check app performance, are able to integrate with multiple apps & systems and can be adapted to new processes & software.
Application Modernization
If your product is using legacy software and needs to be updated, Orases will perform a complete refactor of the code. This will allow it to be faster and more customizable when attempting to use or update the program.
Application Re-Engineering
Our custom software developers are committed to eliminating bugs and issues with all types of software solutions and applications. We will work to keep your organization’s software up and running without problems.
Auditing Software
Businesses that acquire custom audit software are able to improve efficiencies by automating audit-related processes. All custom audit software we develop adheres to all industry compliance regulations.
Case Management Software
Organizations in fields that involve case work can benefit from case management software. Our case management software improves internal communication, information sharing between departments & report generation.
Cloud Applications
Our custom software development team develops cloud applications that use remote servers for processing logic, can be accessed through internet browsers and offers the same functionality of a native app with additional key advantages.
CRM Software
With CRM software, businesses are not only able to improve customer relationships but can also increase productivity, improve lead generation and strengthen their security.
E-commerce Applications
We will develop an e-commerce application for organizations looking to sell their products online. These applications will enable companies to accept payments and handle every portion of commerce online.
Enterprise Applications
Enterprise applications allow companies to conduct important business operations. We will assist your organization in the development of a custom enterprise application.
ERP Software
The custom ERP software solutions we develop have been proven to effectively consolidate data and streamline processes with advanced automations and integrations.
Grant Management Software
The grant management software solutions developed at Orases are designed to simplify the grant application process, provide advanced reporting capabilities and can integrate with existing CRM, BPM or ERP software systems.
HIPAA Compliant Applications
Businesses and organizations which operate within HIPAA compliant industries are required to have secure applications which adhere to HIPAA compliance guidelines. We have years of experience developing secure and innovative HIPAA compliant applications.
Inventory Management Software
By integrating inventory management software with a custom warehouse management system, organizations are able to view precise inventory levels, improve order management efficiency, and increase the accuracy of sales forecasting.
Legacy Systems
Regardless of the system your organization works with, our team will develop legacy software for you to use. We have extensive experience with a range of technologies & will work to create your application using the legacy software.
SaaS Applications
Software as a service (SaaS) allows companies to purchase your software on a subscription basis. Our team will develop a SaaS application to maximize your organization’s profitability.
System Integration
We are able to integrate systems & applications that handle accounting, customer relationship management, content management, enterprise resource planning and reporting to provide businesses with seamless communications.
Warehouse Management Systems
Through the implementation of a custom warehouse management system, supply chain organizations are able to optimize workflows, streamline processes, and view real-time data across all locations and points of the supply chain lifecycle.
Web Portals
The development team here at Orases has years of experience building highly custom web portals which focus on improving process efficiencies and enterprise-wide collaboration through user-centric features, advanced automations, and seamless third-party software integration capabilities.
Notable Features & Functionalities P2P Lending Software Development Services Offer
What Orases P2P lending software can provide for you.
Our solution promises not just a platform but a pathway to greater efficiency, security, and profitability in the P2P lending sector.
Comprehensive Account Management
We offer an intuitive system for account creation and management, simplifying the registration process for borrowers and lenders. It allows users to upload necessary documents to demonstrate creditworthiness, while providing a clear audit trail for enhanced transparency.
Advanced Credit Risk Assessment
Utilizing the power of AI, the software performs a deep analysis of borrower credit risks. It integrates custom scoring models, offering accurate risk assessments and borrower segmentation, thereby enabling lenders to make informed decisions.
Efficient Payment Processing
Recognized for its versatility, the software integrates with a wide array of payment gateways, supporting multiple currencies, including cryptocurrencies. Its automated system efficiently handles commissions and fees, simplifying the financial transactions for users.
Unparalleled Security & Compliance
The software is equipped with multi-factor authentication methods, including biometric options, and employs AI-based fraud detection mechanisms. Its commitment to data encryption and adherence to global regulatory standards ensures that user data remains secure and compliant.
Lender-Specific Functionalities
Tailored to meet the needs of lenders, the platform facilitates easy management of loan terms, automates the loan origination and servicing processes, and provides comprehensive tools for portfolio management, allowing lenders to manage their investments effectively.
Borrower-Centric Features
Borrowers benefit from an easy-to-use loan calculator and streamlined processes for loan applications and repayments. This user-focused design ensures that borrowers have a smooth and hassle-free experience.
Admin Oversight
For administrators, the platform provides robust pre-qualification tools for user verification and extensive analytics for strategic decision-making. This level of oversight ensures efficient management and operation of the platform.
Customization & Flexibility
Our P2P lending platform can be tailored to your specific business needs, allowing you to offer unique lending and borrowing experiences.
Scalable Solution
As your business grows, our platform scales with you, accommodating an increasing number of users and transactions.
Custom Software Development Costs
A frame of reference when planning for your organization’s P2P lending software project.
Pricing for custom software development can vary greatly, depending on functionality/feature requests, technology stack requirements, and expected completion timeline.
$50,000 – $200,000
Developing smaller general software solutions with some complex features.
$500,000 – $1,500,000
Developing specialized software programs that can be designed for customer use.
$2,000,000+
Developing massive software projects designed fully automate large business operations.
Custom Software Development: The Ultimate Guide
Ranging from tips on when to choose custom software and how to choose the right custom software development company to what to expect during development, our ultimate custom software development guide has it all.
Custom Software Development GuideThe Orases Process
How we work, from start to finish.
Our P2P lending software development team has years of experience designing and developing unique & innovative custom software using a streamlined, repeatable process.
Idea
This involves documenting key business processes and eliciting needs and concerns from stakeholders. Additionally, risks associated with introducing new software are evaluated, and mitigation measures are planned. For commercial software products, this phase also includes conducting competition analysis, understanding the target audience’s needs, defining product differentiation, and addressing obstacles to market entry, such as regulatory barriers.
Define Goals
Defining goals involves composing a comprehensive list of requirements and expectations, ensuring alignment between stakeholders and the development team. By starting with a precise definition of the project’s specific requirements and scope, clarity and focus are ensured, laying a solid foundation for the development process to follow.
UX/UI Design
UX/UI design will determine the software’s appearance at the user level, defining app architecture, and integrating existing enterprise systems for cost-effectiveness and reliability. Additionally, UX research is conducted to outline user personas and scenarios, followed by the creation of wireframes and clickable prototypes to visualize user interactions.
Development
Our development team begins working on the essential components of the software. This involves continuous delivery of new software parts, with ongoing analysis of emerging needs and release planning. Mockups are delivered and reviewed to ensure alignment with requirements before developers proceed with developing, testing, and migrating approved software parts to staging and production environments for deployment.
Testing
Orases will conduct thorough verification of functionality and performance, including performance monitoring and utilizing analytics tools for ongoing evaluation. Feedback is gathered from project sponsors and users on the results of the release, and the outcomes are reviewed to approve the scope of the next release. Continuous improvement is prioritized through iterative testing and refinement based on insights gained from monitoring tools.
Deployment
Deployment involves pushing the finalized product to the live server and conducting user testing to ensure it meets stakeholder expectations. Additionally, software monitoring processes are established to track performance and address any issues that may arise post-deployment.
Training & Support
This step includes conducting project evaluations and performing knowledge transfer sessions to your in-house IT team or other vendors involved. Comprehensive training and documentation are offered to users, empowering them to utilize the software effectively. Finally, a final report is provided, and confirmation for project closure is requested to conclude the development cycle.
Awards & Recognitions
Proof our P2P lending software development services continue to excel.
Industries We Build Custom Software For
Software built to address specific needs of organizations everywhere.
We tailor fit software to address the specific needs, pain points, and processes for the following industries.
Our P2P Lending Software Development Service Speaks For Itself
But so do our clients.
Logan Gerber – Marketing Director at NFL Foundation
“Orases successfully built efficiencies into our prototype and delivered a high-quality platform.”
Matt Owings – President at Next Day Dumpsters
“They’re honorable, reputable, and easy to work with. They genuinely care about the outcome and want to do a good job.”
Donald J. Roy, Jr., CPA – Executive Vice President at American Kidney Fund
“Orases built a platform that’s boosted productivity by about 30%…”
Torey Carter-Conneen – Chief Operating Officer at American Immigration Lawyers Association
“Not only do they want to succeed, they strive to produce functionally and visually unique software.”
Frequently Asked Questions
Answers to the questions that’s been on everyone’s mind.
How Does P2P Lending Software Work?
Borrowers create loan listings on the platform specifying the amount needed and the purpose of the loan. Lenders review these listings and choose to fund the loans that meet their investment criteria. The platform typically handles the collection and redistribution of repayments with interest back to the lenders.
What Types Of Loans Can Be Processed Through P2P Lending Software?
Common types of loans include personal loans, debt consolidation loans, home improvement loans, and in some cases, business loans or student loans.
How Is Risk Assessed In P2P Lending?
P2P platforms use a variety of data points to assess the risk of borrowers, including credit scores, income data, employment status, and sometimes even social media profiles. Based on this assessment, borrowers are assigned a risk category that influences the interest rate of their loans.
How Secure Is P2P Lending Software?
Security is a critical aspect and includes encryption of transactions and data, secure handling of personal and financial information, and compliance with cybersecurity regulations. Platforms also implement fraud detection systems to identify and mitigate potential threats.
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