Finvoice

What Finvoice does

Finvoice, doing business as XEN, is a private US-based software company (legal entity Xen Inc.) that operates a cloud-based loan management platform targeted at commercial finance companies — specifically factoring companies and direct lenders. Founded in 2014, the company has its primary operating presence in New York and operates with a lean team of 1-10 employees. Its product, branded XEN, covers the full credit lifecycle from origination through underwriting to ongoing portfolio servicing, with separate modules for sales, underwriting, and operations that can be adopted modularly or in combination. The platform's technical stack includes AI-powered document data extraction, automated risk flags and checklists, in-app quoting and e-signature, white-labeled borrower portals, and an open API surface via integrations with major third-party providers including Salesforce, Plaid, TransUnion, Creditsafe, Ocrolus, Alloy, QuickBooks, and Dropbox.

Name

Finvoice

Legal name

Xen Inc.

Website

https://finvoice.co

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Finvoice (XEN) provides a cloud-based loan management platform for commercial factors and lenders, covering origination, underwriting, and portfolio servicing with AI-powered document analysis and an integration ecosystem.

Ownership category

akta.pro rank

Product category

Loan Management Software

NAICS

Sales Financing (52222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro industry

PRIMARYFSAGAHAD

Underwriting Automation & Income/Employment Verification

Financial & Insurance/Financial Technology (Fintech)/LendTech (Digital Lending Platforms & Credit Decisioning)

Keywords

• Loan management software
• Factoring platform
• Commercial lending software
• Loan origination system
• Underwriting automation

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Freemium Platform Access: XEN's front-end for sales and underwriting teams is provided free of charge. Users can access digital applications, prospect tracking, sales funnel management, and basic underwriting tools at no cost.
2. Premium Upgrades: Paid upgrades available for third-party integrations (CreditSafe, Ocrolus, TransUnion, etc.) and full operational capabilities to service client portfolios.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Finvoice operates XEN, a cloud-based loan management platform that powers origination, underwriting, and operations for factors and lenders in the commercial finance ecosystem. The platform offers digital applications, sales funnel management, AI-powered document data extraction, automated risk flags, client and debtor management, and in-app quotes/contracts with e-signature. The front-end for sales and underwriting teams is free, with paid subscription upgrades for third-party integrations and full operational capabilities.

Product overview

XEN is a unified loan management platform offered as a single product with modular capabilities. The platform comprises three integrated modules: (1) Sales - featuring digital applications, portal for prospects, sales funnel management with reporting and analytics, automated reminders, and referral management with broker commissions tracking; (2) Underwriting - providing client and debtor management across portfolios, client portals for borrower self-service, reporting and analytics, and in-app collaboration; (3) Operations - offering AI-powered analysis with document data extraction, best-in-class third-party integrations, automated risk flags, checklists and workflows, and in-app quotes and contracts with esignature. The front-end for sales and underwriting teams is available free, with paid upgrades for third-party integrations and full operational capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• XEN Loan Management Platform Cloud-based end-to-end loan management platform that powers origination, underwriting, and operations for factors and lenders in the commercial finance ecosystem. Includes digital applications, sales funnel management, AI-powered document data extraction, automated risk flags, client and debtor portfolio management, in-app quotes and contracts with e-signature, and integrations with Dropbox, Creditsafe, Ocrolus, Plaid, Salesforce, TransUnion, QuickBooks, and Alloy.

Quantifiable outcome

• Onboarding time reduced from 24 hours to 20 minutes (99% reduction)
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability4 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core.

• DropboxcoreTechnology or IntegrationIntegration partner providing document storage and file management capabilities within the XEN platform for collecting and organizing prospect documents.
• CreditsafecoreTechnology or IntegrationIntegration partner providing credit reporting and business data services to support underwriting and risk assessment within the XEN platform.
• OcroluscoreTechnology or IntegrationIntegration partner providing document automation and data extraction capabilities to enhance AI-powered analysis within the XEN platform.
• PlaidcoreTechnology or IntegrationIntegration partner providing financial data connectivity and bank account verification services within the XEN platform.
• SalesforcecoreTechnology or IntegrationIntegration partner enabling CRM connectivity and sales pipeline management within the XEN loan management platform.
• TransUnioncoreTechnology or IntegrationIntegration partner providing credit bureau services and identity verification to support risk management in the lending process.
• QuickBookscoreTechnology or IntegrationIntegration partner providing accounting software connectivity for financial tracking and bookkeeping within the XEN platform.
• AlloycoreTechnology or IntegrationIntegration partner providing identity verification and fraud prevention services to enhance security within the XEN platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• FIS: FIS is a major financial technology incumbent offering loan origination, servicing, and core banking systems; it is both a competitor in commercial finance software and was an accelerator partner to XEN's predecessor entity.
• Moody's Analytics: Moody's Analytics offers credit decisioning, risk management, and portfolio monitoring software that competes with XEN's AI-powered analysis and automated risk flagging in the underwriting workflow.
• Temenos: Temenos is a large global core banking and lending platform vendor; it overlaps with XEN through embedded lending and origination capabilities but serves a much broader banking suite across large institutions.
• Finastra: Finastra provides lending, banking, and capital markets software for financial institutions globally; its loan origination and commercial lending suites compete with XEN at the upper end of the market.

Direct peers

• Abrigo: Abrigo is a leading commercial lending software suite (loan origination, risk analytics, portfolio management) for community banks and credit unions; it competes head-on with XEN for the same underwriting and operations workflows, though at larger institutions.
• nCino: nCino provides a cloud banking platform with deep commercial loan origination and onboarding capabilities; it targets a similar 'end-to-end loan lifecycle' value proposition as XEN but at larger banks and financial institutions.
• Decimal: Decimal offers a data and CRM platform purpose-built for commercial loan officers and lenders, addressing similar sales pipeline, client management, and onboarding workflows targeted by XEN.
• Baker Hill: Baker Hill NextGen is a single-platform commercial loan origination and portfolio risk management system, serving banks and lenders — directly comparable to XEN's origination, underwriting, and operations modules.

Others

• Plaid: Plaid is a financial data connectivity provider and one of XEN's named integration partners; it is not a direct competitor but is an enabler in XEN's stack for bank account verification and cash flow underwriting.
• Ocrolus: Ocrolus is a document automation and data extraction provider and an XEN integration partner; it powers XEN's AI-driven diligence analysis and would compete only if Ocrolus expanded into adjacent workflow software.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/finvoice
• LinkedInlinkedin.com/company/4860680

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finvoice