BEP Systems

Name

BEP Systems

Legal name

Finova

Website

https://bepsystems.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Lending Technology Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Mortgage Bankers & Loan Correspondents (6162), Personal Credit Institutions (6141)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industries

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Lending technology software
• Savings platform solutions
• Mortgage origination software
• Financial services technology
• Loan servicing platform

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform Licensing/Subscription: Finova provides lending, savings, and servicing platforms to financial institutions. Given the enterprise sales motion and B2B nature, revenue likely comes from platform licensing and subscription fees.
2. Broker Payments (Transaction-based): The Broker Payments product generates revenue through a 50% profit share on proc fees paid by brokers. This creates a transaction-based revenue stream from the broker ecosystem.

Pricing tiers

Distribution channels1 record

Marketing channels8 records

Core offering

BEP Systems (operating as Finova) provides cloud-based, low-code digital lending and savings platforms to UK financial institutions. Its flagship Lending product (formerly Apprivo whole-market solution and MSO retail lending platform) supports mortgage and loan origination, complemented by Savings, Servicing, and Decisioning products, plus broker-focused modules including Broker CRM, Broker Payments (50% profit share), Broker ID, and Intermediary Manager.

Product overview

Finova is a unified platform-plus-modules architecture providing digital lending and savings technology to the UK market. The core offerings include Lending (available as whole-market Apprivo or retail MSO platform), Savings, Servicing, and Decisioning products. Supporting modules include Intermediary Manager, Broker CRM, Broker Payments, Broker ID, and Mobile App. Features such as SmarterDocs, Customer Portal, and Retention Portal extend the platform capabilities. The system enables clients to achieve up to 40% growth without increasing headcount using a low-code approach.

Differentiator

Problem solved

Functional benefit

Brands

• Apprivo (former): Former name of Finova's whole-market lending solution.
• MSO

Products and services

• Lending Flagship lending platform available as a whole-market solution (formerly Apprivo) or retail lending platform MSO, enabling lenders to originate mortgages and loans for residential, buy-to-let, specialist, equity release, and Islamic finance products.
• Savings Platform for launching and managing instant access and fixed cash and investment-based savings products for retail and business customers.
• Servicing Unified platform for onboarding, managing, renewing, upselling, and cross-selling the entire lending and savings catalogue from a single place.
• Decisioning Risk management solution providing a 360-degree customer view to balance competitiveness with effective risk management across lending and savings portfolios.
• Intermediary Manager Automation tool for broker partnership administration that frees up time for lenders to focus on strengthening broker relationships.
• Broker CRM Financial-services-specific CRM that continuously adapts to business operations for managing broker relationships and customer engagement.
• Broker Payments Profit share scheme offering brokers 50% profit share on top of proc fees, paid quarterly.
• Broker ID Identity verification and management tool for brokers, supporting onboarding and ongoing authentication.
• Mobile App Mobile application enabling customers and brokers to access lending and savings services on mobile devices.

Quantifiable outcome

• Clients report up to 40% growth without increasing headcount
• +2 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature13 records

Partnerships

One partnership is on record.

• UK FinancecoreOthersAssociate member of UK Finance, the leading trade association for the UK banking and financial services sector. Membership indicates industry recognition and alignment with UK regulatory standards.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Mambu: Composable cloud banking platform serving banks, lenders, and fintechs with lending and deposit account capabilities globally. Comparable as a SaaS banking platform providing lending and savings infrastructure to financial institutions, similar GTM model.
• nCino: Cloud-based bank operating system focused on commercial, retail, and mortgage lending with Banker Operating System. Comparable as a lending-focused SaaS platform serving banks and credit unions with end-to-end origination and servicing.
• Thought Machine: UK-headquartered cloud-native core banking platform serving major banks (Lloyds, Atom Bank, JPMorgan) with Vault platform. Directly comparable as a UK-focused modern banking technology vendor serving similar financial institution clients with lending and deposit account capabilities.
• Mortgage Engine: UK-based specialist mortgage origination platform serving building societies and specialist lenders. Directly comparable as a niche UK mortgage technology vendor competing for similar building society customers with focused lending capabilities.
• 10x Banking: UK-based cloud-native core banking platform targeting challenger and incumbent banks (e.g., JPMorgan, Westpac). Comparable as a UK-anchored banking technology platform competing for similar bank transformation mandates.
• Backbase: Engagement banking platform providing digital banking software for banks and credit unions, including lending origination and servicing. Comparable as a SaaS banking software vendor competing in similar digital transformation deals with UK and European financial institutions.
• Mode Global: UK-based property analytics and lending technology platform serving mortgage lenders with valuation and risk decisioning. Comparable as a UK mortgage technology vendor offering complementary decisioning and lending workflow capabilities to building societies and banks.

Broad incumbents

• Salesforce Financial Services Cloud: Large-scale CRM and financial services platform with lending and wealth capabilities. Comparable as an adjacent technology platform that banks may choose over Finova's Broker CRM, though broader and not specialized in UK lending workflows.
• Temenos: Large established core banking platform serving 3000+ banks globally, including UK challenger banks. Comparable as a competing core banking/lending platform, though significantly larger and broader in scope than Finova's focused offering.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bepsystems
• LinkedInlinkedin.com/company/finova-tech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

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 BEP Systems