Side by side

Apache Fineract vs Mifos X

Both stand on core banking software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

Apache Fineract

Free plan Open source APILinuxMac+3

Apache Fineract combines core banking functions with configurable products, workflows, and open APIs. Its hosting organization must take responsibility for secure deployment and maintenance.

Visit Apache Fineract

Mifos X covers core banking workflows, configurable lending, reporting, and security controls without license costs. Institutions considering it should account for the trial’s feedback requirement and arrange implementation or support as needed.

Visit Mifos X

The facts

	Apache Fineract	Mifos X
Free plan	Yes	Yes
Open source	Yes	Not published
Runs on	API, Linux, Mac, Self-hosted, Web, Windows	Android, API, Self-hosted, Web
Lowest paid plan	Free or on request	Free or on request
Plans published	1	2
Maker	Not published	Not published
Website	fineract.apache.org	mifos.org
On core banking software	#1 of 24	#2 of 24

Apache Fineract: what it does well

Free and open source under Apache License 2.0
Supports loans, savings, accounting, and reporting
Cloud and on-premise deployment options
Multi-tenancy isolates data by database or schema
Open APIs support custom interfaces and extensions

What to know first

Secure production deployment requires ongoing maintenance
Fineract CN was deprecated and archived

Mifos X: what it does well

No license costs for the open-source platform.
Cloud or on-premises deployment is supported.
Loan products have configurable repayment and arrears settings.
Audit trails, role permissions, and two-factor authentication are listed.
No restriction on savings, loan, and share account counts.

What to know first

Sandbox trial requires active use and feedback.
Trial is limited to up to three months.
Community support focuses on trial setup and troubleshooting.

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