Software Alternatives & Reviews

SparkLMS VS Paytiko

Compare SparkLMS VS Paytiko and see what are their differences

SparkLMS logo SparkLMS

Streamline loans effortlessly with Loan Management Systems. Our loan servicing software offers solutions for efficient loan tracking, processing, & servicing.

Paytiko logo Paytiko

Advanced payment management software
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  • SparkLMS Loan Management Software
    Loan Management Software //
    2024-03-16
  • SparkLMS E-Sign
    E-Sign //
    2024-03-19
  • SparkLMS Integration
    Integration //
    2024-03-19

SparkLMS is a unified loan management suite, encompassing Lead Management, CRM, Loan Product Management, Underwriting, Loan Origination, Collections and Reporting.

It is perfect solution designed for short-term and micro-loan lending industry designed for lenders to manage their Payday, Instalment, CAB/CSO, Auto Title and Line of Credit Portfolios from a single platform.

Built from the ground up for the cloud, SparkLMS lowers costs and reduces hassle for IT. One data model spanning back office financials to customer records provides complete visibility and simplified integration.

As a fast-growing lender, you need a modern, agile business solution that is cost-effective, scales rapidly and future-proofs your company for long term innovation and growth.

You could be a lender wanting your own software or a lender getting started with the business looking for a cost effective solution, SparkLMS is the way to go!

  • Paytiko Landing page
    Landing page //
    2023-09-07

A complete, customizable, and cumulative payment solution

We have formulated a business model that takes our clients into consideration through our clarity of services, simplicity in billings, and ease of use. Our services are offered through a standard one-year term service contract, annual monthly payment options, as well as pricing and portals separated by individual URL assets.

Considering all of this, we therefore adhere to the following “3 C” structure in attempt to bring a complete payment solution to all our clientele: Check Clients receive extensive support for all facets of our services, including transaction monitoring, error review, and resolution of technical difficulties. Additionally, we offer assistance via our dashboard or through a variety of other contact channels. Connect We effortlessly integrate a merchant’s services with numerous PSPs we work with, such as credit card processors, banks, e-wallet firms, and other financial institutions. Change Our back-office technology may be modified to monitor and accommodate each merchant’s criteria, such as deposit limitations, geographical specifications, currency levels, campaign objectives, and more.

SparkLMS

Pricing URL
-
$ Details
paid
Platforms
Node JS ReactJS MS SQL
Release Date
-

Paytiko

$ Details
paid $200.0 / Annually
Platforms
Wordpress WooCommerce Adobe Magento Opencart Shopify Wix Azure AWS BigCommerce REST API Easy Tech
Release Date
2020 November

SparkLMS features and specs

  • Web based LMS with multi-tier architecture: Yes
  • Customer facing website with integrated Loan Application: Yes
  • Supports Instalment Loan and Short-Term Loan Products as demonstrated: Yes
  • A comprehensive dashboard with a snap-shot view of KPIs and metrics: Yes
  • Lead Acquisition, Tracking and Management with API for Lead Providers: Yes
  • API for marketing website integration and organic leads: Yes
  • Self-contained Lead Insert Feature for CSRs to insert lead into the system: Yes
  • Hierarchy based 3 Level of User Profiles: Yes
  • Manage Portfolio, Products and Campaigns: Yes
  • Support for multiple payment methods like ACH, RCC, Cash, Card and Check: Yes
  • Extensive Analytics and Reporting: Yes
  • Interface for Messaging, Email and Notes: Yes
  • Search functionality with multiple filter options: Yes

Paytiko features and specs

  • • Singular API connectivity to any CRM for fast startup.: yes
  • • Global acceptance of all transaction currencies.: yes
  • • Integration to global and regional payment options.: yes
  • • Ease-of-use for both merchant and user-end alike.: yes
  • • Secure and transparent platform.: yes
  • • Numerous risk management and reporting tools.: yes
  • • Calculation and reconciliation functions.: yes
  • • Additional plugins vital to businesses in the eCommerce sector.: yes
  • • Fully customizable iFrame interface and dashboard.: yes
  • • Individual client-specific payment invoices.: yes
  • • Backend solutions.: yes
  • • Custom branding.: yes
  • • Conversion and prepayment options.: yes
  • • Automated billing and other notifications.: yes

SparkLMS videos

Overview of Loan Management Software

Paytiko videos

Paytiko -Payment software solution

Category Popularity

0-100% (relative to SparkLMS and Paytiko)
Fintech
18 18%
82% 82
Finance
100 100%
0% 0
Online Payments
0 0%
100% 100
Loan Management
100 100%
0% 0

Questions and Answers

As answered by people managing SparkLMS and Paytiko.

What makes your product unique?

SparkLMS's answer

Built from the ground up for the cloud, SparkLMS provides a cost-effective, hassle-free solution that lowers IT costs and offers simplified integration. The platform features a single data model that spans back-office financials to customer records, providing complete visibility and enhanced data management.

Paytiko's answer:

The product ( the platform ) is a combination of easy-to-use features which are not typically assembled in a Software-as-a-Service platform and neither any other payments orchestrator. The combination between flow,features, customuzation for the business and addaptable integration methods, surely put the unique stamp.

Why should a person choose your product over its competitors?

SparkLMS's answer

As a rapidly growing lender, you need a modern loan management system that offers scalability, cost-effectiveness, and future-proofing for long-term innovation and growth. Whether you're a seasoned lender looking for a new loan management system or a lender just starting out, SparkLMS is the optimal choice.

Paytiko's answer:

Flexible pricing, established network of global & local payment options are just a few of the highlights that place Paytiko a step ahead of the competition.

How would you describe your primary audience?

SparkLMS's answer

Our Primary focus is on 5 different types of lenders. 1) Small and medium sized lenders 2) Lenders just getting started 3) Lenders planning to migrate from legacy LMS 4) Lenders migrating to Online from Brick & Mortar 5) Lenders planning to have their own LMS

Paytiko's answer:

Any online business out there. Literally. Defining it's global & local payment solutions, features, accessibility, the ability to add other departments that can use the Paytiko platform in relevancy, provide a very large base of potential clients that are the primary audience. Whether startups or medium business, to enterprises, the platform allows it's users ( the merchants) to adapt accordingly.

What's the story behind your product?

SparkLMS's answer

A group of Seasoned professionals having prior experience in the lending industry trying to provide a robust LMS addressing the gaps and issues faced by the lenders.

Paytiko's answer:

A product created to overcome several challenges, in late 2020, the idea has arisen for a Software-as-a-Service payments orchestration platform to be created. Purposely built to service any scale business, we created Paytiko to fill the gap between technology, payment processing and the business.

Who are some of the biggest customers of your product?

SparkLMS's answer

As per the agreements and the general directives followed in the industry, we cannot disclose customer names.

Paytiko's answer:

Paytiko is proud to service a very large amount of clients, ranging from all industries & verticals. - We can only name a few, as the confidentiality of our clients is paramount.From servicing one of the largest digital gift-card distributors in the world ( https://ar-pay.com/en ) to servicing one of the largest CFD/Forex brokers in the world - Legacyfx.com.

Which are the primary technologies used for building your product?

SparkLMS's answer

Node, React, Microsoft Technologies & MS SQL.

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare SparkLMS and Paytiko

SparkLMS Reviews

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Paytiko Reviews

  1. The most compatible payment software for dental business

    Paytiko provides comprehensive API interaction with our CRM, as well as integration with over 100 global and regional active payment providers.

    🏁 Competitors: Payoneer
    👍 Pros:    Easy to use platform|Affordable pricing|Detailed reports|All types of charts
    👎 Cons:    Customer support|No mobile app atm
  2. A trusted payment partner

    The software is uncomplicated and straightforward to use, assisting us in optimizing payment processes in our company. Most of the time, we use split payments, which allow each member of a group sailing with us to pay precisely what they need to pay and the rest of the group to declare what is paid and what needs to be paid.

    🏁 Competitors: BridgerPay
    👍 Pros:    Data protection and security|Analytics reporting|Real-time tracking|Affordable price|Trusted|Tools integrations|Full transaction observability|Great customer support
    👎 Cons:    Did not find any cons
  3. their scaling tool is amazing!

    our company is using paytiko since 8 months and they helped us to manage and optimize our payment solutions easily in one place. very easy to use and its highly recommended for busineses that has big volume of monthly transactions

    🏁 Competitors: YachtLife

What are some alternatives?

When comparing SparkLMS and Paytiko, you can also consider the following products

LoanPro - LoanPro is a web-based loan management software solution that is used to generate a dynamic portfolio and seamlessly automate your processes.

BridgerPay - Easily build, manage, and optimize your connections to any payment gateway or method worldwide.

The Mortgage Office - The Mortgage Office is a web-based loan serving platform that allows you to automate your loan process and close the loan deals quickly.

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

MBS Highway - MBS Highway is a web-based loan or mortgage management software solution that allows you to connect all your parties and stakeholders and helps you to complete the process quickly.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.