What Phoebus Software does

Phoebus Software Limited is a UK-based fintech software company founded in 1989 and headquartered in Solihull, West Midlands. The company provides a modular, cloud-native origination and servicing platform for mortgage, savings, and specialist lending products, serving banks, building societies, specialist lenders, and third-party servicers in the UK and Ireland. Its platform manages over £110 billion in client assets as of 2024, and supports diverse product types including residential mortgages, buy-to-let, commercial mortgages, bridging and development finance, equity release, savings, and securitisation. The system is built on Java, runs on AWS, and is organised around a configurable workflow engine that automates processes and handles exceptions in real time. Differentiated modules include an award-winning portfolio migration API, an open-banking-standard API Economy, a fully supported securitisation module with STS capability, and a residential mortgage module covering primary and special servicing including lifetime mortgages.

Phoebus monetises primarily through multi-year software licensing and subscription contracts on a quote-based pricing model, complemented by a Training Academy offering packaged services (Starter, Growth, Enterprise tiers) and partner ecosystem integration revenue. The go-to-market is direct enterprise sales, with account managers and C-suite engagement targeting senior decision makers at financial institutions; the company also extends reach through a network of 20+ technology and consulting partners including Yabber, Eligible, Bottomline, Webio, Connexica, Mast, Iress, and Jumar Solutions. Customers include tier-1 names such as Legal & General, Atom Bank, Paragon Bank, One Savings Bank, and Pepper Advantage, alongside building societies and specialist lenders such as Monmouthshire Building Society, Capital Home Loans, and Pure Retirement. The company is privately held with no disclosed institutional investment, operates with 51-100 employees, and is led by CEO Adam Oldfield alongside a C-suite including CFO Dave Jones, CTO Robin Jeffery, CCO Mark Smitheringale, CPO Kate Langton, and CSMO Richard Pike.

Recent strategic activity centres on a generative AI development partnership with Aston University via a multi-million pound Knowledge Transfer Partnership (September 2025), the five-year agreement with Monmouthshire Building Society (October 2025), a new CTO appointment (2025), and continued platform modernisation. The company holds SOC 2 Type II certification, GDPR compliance, and has accumulated multiple industry awards across innovation, workplace, and ESG categories, reflecting 35 years of continuous operation and product evolution.

Name

Phoebus Software

Legal name

Phoebus Software Limited

Website

https://phoebus.co.uk

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Phoebus Software is a UK-based fintech that provides a modular, cloud-native origination and servicing platform for mortgage, savings, and specialist lending products. Founded in 1989 and headquartered in Solihull, it serves banks, building societies, specialist lenders, and third-party servicers across the UK and Ireland.

Ownership category

akta.pro rank

Product category

Mortgage and Savings Servicing Software

NAICS

Software Publishers (51321), Computer Systems Design and Related Services (5415)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Managed Application Platforms (App PaaS & Runtime Services) (HDABAAAD)

akta.pro secondary industries

Enterprise PaaS (App Runtime & Managed Application Platforms) (HDAEAKAB), Tools & Platforms Training (Jira, Azure DevOps, MS Project, Smartsheet, etc.) (EDABAHAH)

Keywords

• Mortgage servicing software
• Savings account management
• Loan origination platform
• Lending automation systems
• Financial software modules

Headquarters

HQ city

Solihull

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing and Subscription: Phoebus provides its modular software platform to banks, building societies, lenders, and servicers on a licensing basis. The platform can be expanded as clients' businesses grow, with different modules for residential mortgage, commercial mortgages, specialist finance, savings, securitisation, and migration.
2. Training Services: The Phoebus Training Academy provides customised training courses including e-learning, virtual classroom, in-house, and collaborative training. Training modules can be purchased in packages with additional add-on sessions available.
3. Partner Ecosystem Services: Through strategic partnerships with technology providers (Yabber, Eligible, Bottomline, Webio, and others), Phoebus creates an ecosystem of integrated solutions that extend core functionality, potentially generating services revenue for custom integrations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Phoebus Software provides a modular, cloud-native Java-based platform hosted on AWS that enables banks, building societies, specialist lenders and third-party servicers to originate and service residential mortgages, commercial mortgages, specialist finance, savings accounts and securitised loan portfolios. The platform centres on a real-time Workflow Engine, an award-winning Migration API, open-banking-standard APIs, and dedicated modules covering each product line, with self-service and training services wrapped around it.

Product overview

Phoebus Software offers a modular platform solution for lending and savings account origination and servicing. Originally designed as a banking platform in 1989, Phoebus has evolved into a comprehensive suite of modules including Residential Mortgage, Commercial Mortgages, Specialist Finance, Savings, Phoebus Self-Service, Migration, and Securitisation. The platform is built around a Workflow engine as its core, providing real-time processing, process automation, and configurable functionality. The solution operates as a cloud native platform built on AWS cloud services. The product suite is extended through the API Economy, which provides open banking standard APIs enabling third-party systems to integrate with Phoebus for real-time data transfer. Phoebus also delivers a digital self-service capability allowing customers to manage their accounts independently.

Differentiator

Problem solved

Functional benefit

Products and services

• Phoebus Residential Mortgage Module Provides highly automated account servicing for traditional residential, buy-to-let and secured loans, including equity release and lifetime mortgages, across primary and special servicing activities.
• Phoebus Commercial Mortgages Module Enables lenders to create propositions for finance for property investment or business trading, covering the complete lifecycle from initial enquiry through active management to redemption for PLCs, limited companies, LLPs, partnerships, trusts and sole traders.
• Phoebus Specialist Finance Module Provides flexible business propositions in specific skilled sectors including bridging finance, development finance, asset finance and unsecured lending, supporting both regulated and unregulated activities.
• Phoebus Savings Module Provides complete savings platform capability for easy-access and term accounts for personal and business savings, with immediate account opening, self-managed customer details, automated maturity options and online withdrawals.
• Phoebus Self-Service Module Delivers digital self-service capability allowing account holders to enquire and update loan aspects in real time without contacting the lender, with APIs for clients with existing digital solutions to connect Phoebus accounts to their capabilities.
• Phoebus Migration Module Provides a dedicated portfolio migration API for migrating transactions, notes, audit history and images from host solutions, with migrations either fully managed by Phoebus or undertaken by clients themselves with Phoebus assistance.
• Phoebus Securitisation Module Supports clients to identify and securitise loans from existing portfolios with API for purchase, acquisition and servicing of third-party portfolios, including configurable securitisation vehicles, parameterised waterfalls, rules for fund allocation and STS securitisation support.
• Phoebus API Economy Suite Suite of application programme interfaces built to open banking standards that enable third-party systems to interface with the Phoebus servicing solution for real-time transfer of GDPR-compliant customer data, covering mortgage originations, migrations, securitisation, KFI production, customer post-completion and interest rate pricing.

Quantifiable outcome

• Staff reduction from 50 FTE to 36 FTE achieved post-migration at Capital Home Loans
• +5 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability2 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core, strategic and minor.

• Monmouthshire Building SocietycoreStrategic or Co-development Partner · 1 October 2025Five-year agreement for account servicing technology covering 90,000 mortgage and savings members. Phoebus platform provides automation across mortgage and savings operations including documentation processing, rate changes, arrears management, and repossessions, as well as originations and migrations API for onboarding new lending.
• Aston UniversitystrategicStrategic or Co-development Partner · 1 September 2025Knowledge Transfer Partnership (KTP) to develop the UK's first suite of generative AI-powered tools for banks, building societies, and lenders to service mortgage and savings accounts. Combines Phoebus technology developers with Aston University's AI and digital transformation experts. Multi-million pound investment in modernizing legacy software platforms.
• Open Property Data Association (OPDA)minorStrategic or Co-development PartnerUK's independent industry body for companies revolutionising property industry through data collaboration. Mission is supporting creation and adoption of data and technology standards for digital, efficient home moving.
• Jumar SolutionsminorImplementation/ SI/ Consulting PartnerSpecialist technology company with premises in Solihull, Manchester, and Sydney providing technical project management, architecture design, technical business analysis, .Net development, RPA, and BPO capability.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Finastra: Global financial services software provider headquartered in London offering retail and commercial banking, lending, and mortgage solutions. Directly competes with Phoebus in UK mortgage origination and servicing, with significantly broader portfolio scale.
• Temenos: Swiss-headquartered banking software vendor serving retail, business, and wealth management banks globally. Competes with Phoebus for UK and European mortgage and savings platform deals, typically at larger tier-1 institutions.
• Thought Machine: London-based cloud-native core banking platform provider whose Vault core is used by UK challenger banks and building societies for deposits and lending. Closest born-in-the-cloud competitor to Phoebus's modular lending/savings platform.
• nCino: Cloud-based banking platform specialising in commercial, retail, and mortgage lending workflows for financial institutions. Targets a similar buyer profile to Phoebus (UK and European banks, building societies, specialist lenders) with end-to-end origination-to-servicing.

Emerging players

• Mambu: Berlin-based cloud banking SaaS platform providing composable core banking and lending functionality. Competes for digital-first lenders and building societies migrating off legacy systems, overlapping with Phoebus's specialist and challenger lender segments.
• Mast (by Auden): Cloud-native UK mortgage origination platform targeting specialist and challenger lenders. A Phoebus partner (integrates via API), Mast represents an emerging competitor in the origination segment where Phoebus also competes.

Regional players

• Sopra Banking Software: European banking software vendor (with significant UK and Irish presence) providing lending, mortgages, and savings platforms. Overlaps with Phoebus on UK/Ireland mortgage origination and servicing, particularly at building societies and tier-2 banks.

Broad incumbents

• FIS (Fidelity National Information Services): Global financial technology provider offering a broad suite including mortgage servicing, loan origination, and core banking. Competes with Phoebus across large UK and US mortgage portfolios, with much broader product breadth and scale.
• Black Knight (ICE Mortgage Technology): US-headquartered mortgage technology provider offering origination, servicing, and secondary market platforms. Less direct in the UK but provides the leading incumbent mortgage technology stack that any cross-border expansion of Phoebus would need to compete with.

Others

• Iress: Financial services software provider operating across UK, Europe, Asia Pacific and beyond for advice, trading, and mortgage workflows. Listed in Phoebus' partner ecosystem, Iress provides adjacent origination and CRM functionality to overlapping lender clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/phoebussoftware
• Facebookfacebook.com/phoebussoftwareltd
• LinkedInlinkedin.com/company/phoebus-software

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Phoebus Software