Meratas

Overview

Meratas enables schools and training providers to offer Income Share Agreements and other alternative financing products. To scale its platform, it needed a robust infrastructure for origination, servicing and investor reporting.

Challenge

Meratas initially relied on manual processes and spreadsheets to track applications and payments, resulting in delays and data inconsistencies. Investor reporting required hours of work each cycle.

Solution

Theecode built a cloud‑native ISA origination engine with APIs for application intake and underwriting. A servicing module automates invoicing, repayment schedules and reconciliation, while dashboards and CSV exports simplify investor communications.

Impact

Processing time for new agreements dropped by 80%. Automated servicing eliminated manual collections and improved borrower experience. Meratas now supports thousands of agreements with minimal overhead.