Loan Origination Engine
Runs the full intake process — application, documents, credit assessment, approval, disbursement — as one workflow, with AI cutting decision time from days to minutes.
Built in East Africa · Live in 3+ countries
Complete core banking
infrastructure for SACCOs
across East Africa.
Our flexible core banking infrastructure makes it easier to streamline, digitize, and manage lending, savings, deposits, and credit checks end-to-end, in one place.
- 20+
- Paying institutions
- 3+
- Countries served
- 10M+
- Transactions / day
- 99.99%
- Uptime SLA
Powering growth for 20+ amazing businesses
Trusted by
Core Capabilities
Everything your credit team needs
Six systems that run the full lifecycle of a loan, from first application to final regulatory submission.
Portfolio Analysis
A live dashboard on loan book health: cohort breakdowns, risk heatmaps, and vintage curves. Every segment is drillable and exportable.
Automated Reconciliation
Matches transactions across accounts, GL entries, and payment channels nightly. Anything that doesn't balance is flagged automatically.
Multi-currency Ledger
Supports 150+ currencies with live FX rates. Multi-country institutions consolidate reporting into one base currency, with visible hedging exposures.
Regulatory Reporting
Generates compliance reports for BoU, CBK, CBN, Basel III, and IFRS 9 on schedule — every figure traceable back to its source transactions.
Treasury Management
Cash flow forecasting, liquidity gap analysis, and yield tracking — plus counterparty exposure limits, in one workspace.
Extended Modules
Beyond the Loan book
Three modules that extend Algosys past core lending, onto the operational infrastructure of the institution.
OPS
Full Operations Management
Managing your SACCO or MFI operations doesn't have to be stressful. Get an all-in-one platform that automates all your operations.
- Loan Management
- Savings & Deposits
- Financial Reports
- Mobile and USSD Access
- Multi Branch Operations
- HR & Payroll management
CREDIT UNDERWRITING
AI-Powered Credit Underwriting
Every application moves through five automated stages: origination, ingestion, transformation, scoring, and decision. Drawing on identity records, transaction history, and mobile data to generate a TrustScore and return a decision instantly via webhook.
- Common information model per lender ("Layer 00")
- 5+ data sources, 60+ risk signals per application
- 12-month bank statement history analysed
- CRB checks across major credit bureaus
- Follow-up by direct debit, SMS, email, or agent
MESSAGING
Embedded SMS Notifications
Wired directly into the loan lifecycle — application, approval, disbursement, repayment due, statement ready — each event triggers an automatic message, with two-way routing to agents and sub-3-second OTP delivery.
- Lifecycle messaging across the full loan journey
- OTP delivery with expiry, rate limiting, fraud detection
- Two-way SMS with keyword routing
- 99.9% delivery rate across 150+ countries
AI at the Core
Underwriting is AI-native
Credit decisions aren't a form your team fills in - they're a model that scores, decides, and explains itself, on every application, in seconds.
- 60+ individual risk signals computed per application
- Automated approve / decline decisioning via webhook
- Self-healing infrastructure that resolves errors automatically
- Real-time fraud and anomaly detection
How it works
The deployment Journey
Four phases, each with a clear owner and outcome, from first connection to full scale.
- 1
Onboard
Connect your core banking system, chart of accounts and data sources. Our integration layer supports REST, SFTP and direct DB connectors.
- 2
Configure
Define your product catalogue, lending rules, approval hierarchies and regulatory mappings through our no-code configuration studio.
- 3
Live
Parallel-run validation, user acceptance testing and a managed cutover weekend. Our team stays with you until every transaction balances.
- 4
Scale
Auto-scaling infrastructure, feature flags for phased rollouts and a dedicated customer success manager as your institution grows.
Platform Preview
Your whole institution, one workspace
Portfolio, origination, embedded underwriting, reconciliation, regulatory reporting, treasury, compliance, resource planning and messaging — the operational surface your teams work in every day.
Built for the continent
Born in East Africa, built to scale across it
Lending in Africa has its own physics: low bandwidth, feature phones, mobile money and multi-regulator reporting are not edge cases here — they are the conditions the platform grew up in. We expand the same way we built: one city, one country at a time.
USSD Banking
Loan enquiry, repayment, and statements over USSD on any handset — no smartphone or data connection required.
Mobile Apps
SACCO members and field officer apps built for low-bandwidth conditions, with offline mode that syncs when connectivity returns.
AI-Powered Risk Engine
Risk assessment, fraud detection, automated PAR & decisioning, and self-healing infrastructure that resolves errors on its own.
Multi Tenancy
Multiple institutions and branches run on one deployment with hard data isolation — no crossover between tenants.
Privacy by Design
Data minimisation at collection, field-level encryption, consent tracking, and retention rules that adjust per jurisdiction.
Cloud Native
Fully containerised and auto-scaling — growth from 100 users to a million without architectural change.
Mobile Money and Rails
Collections and disbursements across mobile money, bank transfer, whichever channel the SACCO member uses.
Regulatory Grounding
Built against BoU, CBK, and CBU from the start, with CBN, Basel III, and IFRS 9 already in place as the platform expands.
Open API & SDKs
Documented REST APIs and SDKs for institutions embedding Algosys into their own channels and products.
Use cases
Built for everyone extending credit
Not only banks — any organisation extending credit or deferred payment across East Africa and beyond.
SACCOs
Cooperatives managing member share capital, savings balances, dividend cycles, and guaranteed loans.
Cooperative Societies
Trade, transport, market, and staff cooperatives running credit or procurement financing.
Digital Lenders
API-first lending that originates and underwrites entirely through digital channels, no branches.
Microfinance Institutions
Group and individual lending at branch scale, with field officers who work offline and sync on return.
Thrift Collectors
Informal savings and credit schemes — esusu, ajo, susu, adashe — with agent tools and SMS receipts.
Microfinance Banks
Deposit-taking institutions needing prudential reporting alongside the lending book, with a full audit trail per account.
Post-paid service organisations
Utilities, telcos, logistics, and equipment hire that deliver first and collect payment on agreed terms.
Agro-lenders & Out growers
Input credit against future harvest value, with seasonal repayment calendars.
Other Financial Institutions
Finance houses, leasing companies, and asset financiers extending credit against assets.
Get Started
Ready to modernise your lending operation?
Tell us about your institution — a solutions engineer will follow up within one business day.
- A live walkthrough with a solutions engineer
- A migration assessment from your existing LMS or spreadsheets
- A deployment plan with realistic timelines and effort estimates