Here comes ⚡️Sonic!

  • Over the last 3 years of working in the fintech ecosystem, we at Apollo have had the opportunity and privilege to work with 50+ fintechs on a variety of digital lending products. 

  • Through this journey, we had the following insights and experiences

    • The fintech ecosystem lacks a base layer technology infrastructure which is dependable and world-class 🙇🏼

    • This results in most fintechs having to either build basic tools again and again or use sub-par platforms meant for traditional lending 🤦🏻

    • A prime example of this is the Loan Management System (LMS) for digital lending 

    • Every fintech we worked with either 

      • Used Excel sheets or

      • Built an LMS from the ground up or

      • Adopted a sub-par external LMS meant for traditional lending 😳

  • One of the problems we had at Apollo was that in order to work with a wide gamut of fintechs and support all their products we needed a world-class highly customisable LMS which was built to be digital lending first 🤔

  • After a few demo’s and scouring the market for options we realised, all external LMS’s had the following problems

    • Meant for traditional Lending 🦖

    • Extremely complicated 

    • Insane pricing meant for large banks and NBFC’s with books of over 500cr 

    • Prevented cloud-based access and required active infrastructure management 😷

    • Lacked flexibility in the loan products and workflows they supported 

    • Lacked third-party integrations with the most popular third-party service providers like payment gateways, KYC providers etc required for digital lending 

  • This meant, we had to build an LMS from the ground up and it had to solve all the above problems if we were to be successful in working with and supporting a variety of fintechs. And we did just that! 🧙🏻‍♀️

  • Over the last 3 years, we have built, iterated, scaled with Sonic across 50+ fintechs 🦾 

  • Over the last 6 months, we’ve been running a private beta of Sonic with fintechs who have been already lending on the Apollo platform and the response has been phenomenal 

  • We are so excited to finally make Sonic available for all Fintechs now! This means whether you are lending on the Apollo platform or not, you can take full advantage of Sonic and take your Loan Management game to the next level! 👀

  • Sonic is a continuation of our mission of building the Operating System for Digital Lending and lowering the barriers of entry for any company to start digital lending in under 48 hours! ✊🏻

  • As always, if you are a Fintech and 

    • Sonic sounds like the perfect match, please reach out and we would love to show you a demo! 🤗

    • Apollo sounds like the digital NBFC you are looking for, please reach out and we would love to chat!

  • Apollo will continue breaking down every aspect of digital lending into modules and easily accessible API’s. We have a few exciting announcements coming over the next few quarters. Watch this space! 🚀