Azera is a peer to peer lending application that is developed on SaaS(software as a service) model. Azera is a product that aims at bridging the gap between bank offerings and market demands by connecting both lenders and borrowers. This will enable a company to offer short term finance without charging any interest to the borrower. However, profit will be shared with the investors as per the pre-agreed rate.
Ensure that your bank and financial institution is at the forefront of Shariah FinTech with a complete Islamic Finance mobile application and system. Azera is a state of the art shariah finance application that lets your bank conduct Mudarabah and Murabahah based finance via an app.
Complete Loan Cycle Coverage
Our solutions makes lending easier by providing a complete solutions from onboarding, underwriting, tracking of status, collateral management, and portfolio management.
Customers will get the application notification for every repayment and the regular alerts for every succeed transactions.
Lenders and borrowers can post their required criteria in the marketplace and further choose the best fit offer from the listing displayed at marketplace.
Borrowers upload their profiles and get instant approval. Borrower requests for the fund from the marketplace which is based on deals’ with lenders/investors.
Azera offers the most comprehensive portfolio of end-to-end loan management system in consumer & business lending.
View a complete summary of your Collection, Loan, Expenses, dues, and Income Reports. Generate fast reports with accounting formula, hassle-free.
How It Works
Rosebay Peer to Peer Lending Platform
Client: One of the leading company in Indonesia
The company is a subsidiary of a leading parent company with main business in information technology and telecommunication, operating since 2002 in Indonesia.
In Indonesia, there is a huge gap between what banks are offering and what the market demands. Indonesia has the lowest bankable population in the world at 35.9% of the country’s adult population. Having the world’s largest Muslim population and low penetration of sharia financing, Indonesia has the great potential for Sharia financing. Indonesia is yet to tap the full potential of the financial services market.
Financial Services Authority (OJK) deputy commissioner Sarjito said the authority had recorded that from 50 peer-to-peer (P2P) lenders registered with the authority, only one, Ammana, was a sharia-compliant firm. (data of July, 2018).
In Indonesia, sharia financing also had the potential to give more financing to small and medium enterprises (SMEs). The problem with most of the SMEs is that they find challenges in securing finance from banking and other lending institutions.
Building a system from scratch takes a long time and requires huge expenditure. Thus, SaaS model can help reduce the fintech companies CAPEX as well as the hassle and cost of maintaining on-premises infrastructure.