Microfinance Software
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Microfinance Software

Whether you are a small MFI looking to make a change or the industry leader, our flagship product Ascend Financials is your one-stop microfinance solution. Don’t believe us? See for yourself!

Microfinance Software

Our Microfinance Software is more powerful than a banking solution

Ascend Financials is the only microfinance software in Bangladesh that helps microfinance institutions evolve into banks – it includes products from core banking to financial inclusion.

Our Microfinance Software guides you all the way!

The ultimate microfinance software in Bangladesh makes your daily operations easier than ever before by doing the following for your business.

hybrid microfinance software

Operate in Hybrid Mode

We know how fancy it sounds to be completely online through a microfinance software. But how realistic is it? Are ALL your branches online? What happens to those who can’t at all?

Portfolio Transfer

Branch reached the highest beneficiaries? For our competitors it takes a few months. In case of the smartest microfinance software in Bangladesh, just a click away!

In case of branch overload, increase or divide the scale and size of your MFI with smooth and easy data transmission. Transfer a large number of customers and their portfolio from one branch to another within minutes with this powerful solution.

portfolio transfer for your microcredit
Regulatory Body friendly micro finance software

Regulatory Body Friendly

Our dynamic reporting tool of Ascend Financials lets MFI clients produce financial reports in various formats that are in alignment with every regulatory body. With our microfinance software, eliminate the need to manually prepare reports on Excel altogether and avoid the double work.

Branch-less Banking

Our microfinance software enables you to send your field officers to collect loan repayments and deposits in remote areas using our mobile application Smart Collect. The android based application in a unique registered mobile device allows you to reduce manual entry at field and unit levels.

Low bandwidth? No problem

Continue uninterrupted operations. Simply update your collections on the device that syncs automatically when connected to the Internet. Lose no information. 

branch-less banking solution
360 reporting for microfinance


With our microfinance software, deep dive into your own and client KPI data for insightful information

Agent Banking


Expand your outreach through our microfinance software in the absence of a brick and mortar infrastructure



Get higher flexibility since our microfinance software is developed in Java and runs on Windows and Linux

All the features in a microfinance software you need to thrive

How Can We Help You?

We can help you from automating your HR to implementing UX/UI design solutions for your organization

Ascend Financials Microfinance Software - Modular Overview

Let’s have a look at the modules of the most complete Microfinance Software In Bangladesh. Currently, the product has a total of 20+ independent modules


Mandatory Modules

Sets up operational policies for all modules, including the Security & Administration Module

Sets up chart of accounts and loan and deposit products for the organization

Sets access rights for all the users of the system

Allows all housekeeping processes (e.g. end of day, weekend setting, daily back up etc.)

Dual control over all system administration functions

Automatically manages multiple currencies into base currency

Generates standard financial statements such as balance sheet, income statement, cash flow statement, etc. by total overall organization, branch or project

Provides funding source-wise financial reports


Financial Modules

Allows setting up of different types of contacts (e.g., guarantors and nominees) and customers (e.g. individual, partnership, group and corporate customers)

Creates new field dynamically if necessary for KYC (Know Your Customer)

Sets up customer management by branch, center, group and/or group member

Supports current deposits, savings deposits, short-term deposits, recurring deposits and fixed deposits

Supports different business policy-wise interest calculations

Sets up interest rates according to product, slab or account type

Supports different repayment methods for term loans including one-time payment loans

Customize interest rates by variable or fixed interest rates for individual customer

Restructure and reschedule loans by customer or group

Allows users to buy and sell foreign currency as per the organization’s currency rate setup

Generates collection and disbursement sheets and updates batch-wise data for Microfinance organizations

Processes cash and cheques deposits under a single transaction   

Sets up loan collaterals of every type for Microfinance Institutions 

Allows the management of collateral coverage

Enables revaluation of loan collaterals

Manages externally borrowed funds from organizations like PKSF, banks and other investors with an overview and detailed reports. Helps manage other tasks like repayment schedule and collection, interest provision and funnd-related (Bangladeshi Funding Organization) OLRS reports generation.

Provides cheque requisition, printing and delivery instructions and cheque book issuance to microfinance customers from the system

Allows managing and cashing of cheques from own and other banks

Prevents duplicate borrowing from multiple branches by single customer. Maintains authenticity through voter ID, photo identification and signature

Check everything thoroughly and easily, be it your MFI’s financial health or individual passbook. Vigorous organizational audits helps to stay up-to-date, make profitable decisions, and run your organization more effectively.

Manages all the scheduled activities from the issuance to maturity of local and foreign bonds, MTNs and EMTNs. 

System features include auto generation of almost all transactions. It covers customer database, sales, encashment, auto coupon accurals and payment, accounting and reports, etc.


Remote Modules

Integrated with Mobile Financial Services (Nagad, bKash etc.), allowing digital collection and disbursement. Reduces manual effort, removes wrong entry-related problems, increases data accuracy, and helps transfer the collected amount to the assigned bank account of your MFI.

Be it transactional or informative communication, scheduled and instant notifications can be sent to customers via SMS or email through an integrated channel. Helps the organisation notify borrowers regarding dates and amounts of repayments and disbursement.

An Android App that automates the paper-based collection process and reduces operational costs. As a hybrid app, it runs both online and offline. Collect repayments and savings without interruption with a single click multiple member collection functionalities. 

​Allows balance enquiry, printing account statements, transfer of funds from account to account (including account of other customers) and requests for cheque books

This Android based mobile application allows product service officers (field officers) to collect loan repayments and deposits in remote locations using a unique registered mobile device, replacing collection sheets

Directly acquires, tracks and serves customers through the Internet in the absence of a brick and mortar banking infrastructure

Is platform independent- can run in all operating systems since its developed in Java, Java EE and MySQL

Pre-configured processes allow fast roll-out of branchless banking

Customer authentication by EMV-based cards and/or thumb print authentication


Tracking & Monitoring Modules

Allows deep data mining and customized analysis for trends by Microfinance Institutions branch, region, customer group, product type, etc.

Allows loan impact analysis to be done by funding source, i.e. each individual’s social impact from a loan can be traced back to a specific donor’s fund

How Can We Help You?

We can help you from automating your HR to implementing UX/UI design solutions for your organization

The Success Stories of Our Microfinance Software

The success stories of the best microfinance software in Bangladesh that has since crossed international borders and served internationally with wide acclaims as well. Learn more on how we have helped institutions over time. 

Microcredit organization BRAC

How Microfinance Software has helped the world’s largest development organization from 1996-2020


Microfinance Software for BRAC

Southtech, since its inception has played an active part in the cause of financial inclusion. Southtech’s very first microfinance software was developed to enable MFIs to bring microfinance services to the ultra-poor.

Through our microfinance software we could determine that 90% of household received healthcare across hard to reach regions

Estimated Money saved on paper cost and operational cost:

In 1996


In 2020


success stories - microfinance

MICROFINANCE SOFTWARE Meeting needs ahead of deadlines

Success Stories - PGMF

Southtech won the bet!

Pact Global Microfinance Fund, Myanmar (PGMF), is the longest-serving NGO in Myanmar that required a microfinance software for complete automation of paper-based operations of their then 192 branches. While 2 other foreign companies failed the implementation after 2.5 years, Southtech completed it in a span of 7 months by employees in Bangladesh and Bhutan.

Our delivery date was challenged and a friendly bet ensued between PGMF and Southtech’s management teams. If Southtech failed to deliver on time, PGMF would fine $500 for everyday delayed and vice-versa.

Guess who won the bet?

- Southtech


21 days early

Received an

Extra $10,500

Growing with our partners with brilliant software - The story of SSUS

want to see demo of our Microfinance Software?

We would love to give you a demo if we are a right fit after our quick 1st phone meeting. Send a request today!

Southtech's Director - Syeda Wedad Quader

Requesting demo

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