From disbursement to final repayment, one immutable trail
Run disbursements, repayment waterfalls, and investor attribution on a ledger that keeps every loan's position exact for its entire life.
A loan book is a thousand tiny waterfalls
Splitting repayments by hand is how books drift.
Every repayment splits across fees, interest, and principal, differently per product, per delinquency state, per funding source. Hard-coded waterfall logic drifts from the loan agreements, and audits become archaeology.
Repayment waterfalls are hard-coded, and edge cases (early, partial, late) corrupt loan positions.
Outstanding principal and accrued interest are recomputed in batch, never live.
Investor and warehouse funding cannot be attributed cleanly across the book.
The audit trail from disbursement to write-off lives across three systems.
_PROOF/ Liberis runs embedded lending on Formance and closed the gap to zero reconciliation errors.
Disburse once, track forever
Funding out, repayments in, every split explicit.
The disbursement draws from its funding source, each repayment splits across fees, interest, and principal by the declared waterfall, and the loan position is derived live, not recomputed nightly.
The primitives lenders need
Built on the open-source Formance ledger.
Declarative waterfalls, live loan positions, and funding attribution, composed for lending at scale.
Fees, interest, and principal split declared in Numscript per product: early, partial, and late payments post deterministically.
declarative splits
Read the Numscript docsOutstanding principal, accrued interest, and arrears derived from the log in real time: per loan, per cohort, per book.
derived, not batch
Attribute every disbursement and repayment to its warehouse line or investor, with returns computed from the same record.
per-investor truth
Match PSP collections and bank deposits against expected repayments continuously, surfacing misses the day they happen.
same-day arrears
Lending-grade, by design
The waterfall is declared, not coded
Fees, then interest, then principal, in one transaction.
A repayment posts through the declared waterfall: fees first, accrued interest second, principal last: atomically, with the loan position updated by construction.
Trusted by builders
“Formance enabled us to ship new lending products faster by providing a customizable foundation that let us reliably express the complexities of our flow of funds.”
Embedded finance · reconciliation across 14 countries
See customer story
“Formance is the foundation of our Financial OS, the open-source approach lets us retain control over this key component.”
Healthcare · Financial OS
“Formance helped us kick off our move into fintech, with robust infrastructure and intuitive developer tooling.”
Benefits · fintech infrastructure
Built for regulated money.
Enterprise controls, the certifications auditors ask for, and an immutable record, out of the box.
09:41:07Z AUDIT gateway POST /api/ledger/v2/main/transactions 200 sub:ops@acme.io
09:41:09Z LOG id:4093 NEW_TRANSACTION ledger:main
09:41:12Z LOG id:4094 SET_METADATA ledger:main
09:41:15Z LOG id:4095 REVERTED_TRANSACTION ledger:main
09:41:18Z AUDIT gateway GET /api/ledger/v2/main/logs 200 sub:audit@acme.io
Keep going
Everything you need to evaluate and build on Formance.
Lending, answered
01 / HOW DO EARLY OR PARTIAL REPAYMENTS POST?
Through the same declared waterfall: the split adapts to the amount and the loan's state, and the position updates atomically. No special-case code paths.
02 / CAN I SEE OUTSTANDING PRINCIPAL LIVE?
Yes. Positions are derived from the transaction log in real time (per loan, per cohort, or across the book) and reproducible for any past date.
03 / HOW IS INVESTOR FUNDING ATTRIBUTED?
Each disbursement draws from an attributed funding account, and repayments flow back through the same attribution: returns per investor are ledger facts, not spreadsheet estimates.
04 / WHAT ABOUT DELINQUENCY AND WRITE-OFFS?
State changes post as explicit transactions (arrears, restructuring, write-off), so the full lifecycle of every loan is one continuous, auditable history.
Lend on a book that balances itself
See how Formance fits your lending stack: book a demo or start building.