Ferrylend vs Centrex: Which MCA CRM Fits Your Shop?

Ferrylend and Centrex both sell CRMs to merchant cash advance shops, but they aren't the same kind of product. Centrex is a broad, quote-only suite that has been around since 2015 and covers everything from broker submissions to ACH servicing, syndication and a white-label merchant app. Ferrylend is a newer, broker-first CRM with published per-user prices.

So the answer depends mostly on one question: do you collect on the deals, or do you place them? This comparison is for MCA brokers, ISOs and funders deciding between the two. For most broker shops our pick is Ferrylend, because it prices in the open and is built around the matching, submission and commission work brokers do all day; funders that collect should still look at Centrex.

Here's the TLDR (prices checked October 24, 2026):

1. Ferrylend (our pick): Best for MCA brokers and ISOs who want published pricing ($69 or $99 per user per month), month-to-month billing and lender matching, submissions, offers and commissions on one deal record. It's newer, and its dialer, SMS and lender API connectors are coming soon, not live.
2. Centrex: Best for funders and hybrid shops that debit merchants, pay syndicators and want white-label portals and a merchant app from one vendor. Pricing is by quote only.

The verdict

For most broker shops, pick Ferrylend. If your day is matching deals to lenders, sending submissions, comparing offers and chasing commissions, and you'd rather see the price than book a sales call, it covers that job, it's priced in the open, and you can cancel month to month. It's newer and narrower than Centrex, and that's the tradeoff.

Pick Centrex instead if you fund deals and need ACH collections, NSF handling, syndicate payouts or investor wallets, if you want ISOs logging into a portal to submit, or if you need dialer integrations, SMS and credit pulls today. Ferrylend does none of the servicing work, and its dialer, SMS and credit reports are still on the roadmap.

A broker shop that will never touch servicing doesn't gain much from Centrex's funder modules. A funder that collects shouldn't buy Ferrylend as its system of record.

Ferrylend vs Centrex side by side

	Ferrylend	Centrex
Built for	Brokers and ISOs first; origination side of funders	MCA brokers, funders and syndicates, plus loans, mortgage, SBA, equipment and factoring
Price	Core $69/user/mo ($59 annual), Pro $99/user/mo ($84 annual)	Not published; demo request only
How billing works	Per user, month to month or annual, no seat minimum	Monthly in arrears for every user who logged in that month; an account minimum set by agreement
Setup	$999, waived for workspaces created through December 31, 2026	Not published
Add-ons	Published ($29 to $199/mo, $1.50 per AI-read statement)	Monthly "enhancement" fees, priced by sales
Free trial	No (free sample-data demo)	No (demo request)
Lender matching	27 metrics, hard/soft rules, a reason for every result	Per-lender criteria, typically 7 to 10 data points, 100% matches highlighted
Submissions	Email or portal assist, stamped PDFs, proof of submission	One-click multi-lender email; API only with lenders that build against Centrex's API
E-sign	Application e-signature on every plan; your own BoldSign account (beta) on Pro, DocuSign coming soon	ClixSign, its own e-sign tool
Dialer and SMS	Not yet (roadmap); Kixie integration in beta	Phone system add-on (VICIdial, Ytel, Five9 and others); SMS through your own Twilio account
ISO / broker portal	No ("Not yet")	Yes
ACH servicing and collections	No	Yes, with auto NSF and return-code handling
Syndication	No	Yes, with portal, payouts and optional waterfall
Merchant portal and app	No (merchant portal on the roadmap)	White-label client portal and iOS/Android app
SOC 2	No, per its security page	Claimed for its data center, not for Centrex itself
Track record	Newer; no independent reviews yet	"Since 2015"

Pricing: published vs quote-only

This is the clearest difference. Centrex has no price list for its CRM or modules; every product page leads to "Request a Demo". What it does publish is a billing policy, and it's worth reading before a call. You're billed monthly in arrears, and "The account will be charged for every user that has logged into the system at least once for the prior month." If no one logs in, you pay a minimum amount set in your agreement. Add-ons are billed as monthly enhancement fees, and to drop one you have to ask by the 5th or pay the full month.

Centrex's help center also shows that many integrations are separately sold enhancements: credit bureaus such as TransUnion and MeridianLink, the phone system add-on, sales scripts, IP whitelisting and Microsoft Entra SSO. SMS runs on your own Twilio account, so message costs come on top. A competitor, Cloudsquare, has published an estimate of $25 to $100 per user per month for Centrex, but Centrex itself publishes no such figure.

Ferrylend's prices are on its site: Core at $69 per user per month ($59 billed annually) and Pro at $99 ($84 annually). The $999 setup fee is waived for workspaces created through December 31, 2026, and plans are month to month unless you choose annual. Add-ons are listed with prices, from email campaigns at $29/mo to your own storage at $199/mo. Our MCA CRM pricing comparison puts both next to the rest of the market.

Broker features

Both handle the core broker loop: pipeline, lender matching, multi-lender submissions and commissions. The differences are in depth and in what's attached.

Centrex's lender matchmaking uses per-lender criteria, typically 7 to 10 data points such as time in business, revenue, industry, state and credit score, and highlights lenders that match 100%. Its MCA CRM packages documents and submits to multiple lenders in one click, tracks commissions, and lets brokers send e-sign documents, see email opens and send texts. Text and email campaigns are built in.

Ferrylend's matching runs on 27 metrics with rules marked hard, soft or informational, and gives a plain-English reason for every pass or fail. Submissions stamp every PDF page and produce a downloadable proof of what was sent to whom. Its offer calculator shows your commission alongside payback and payments, and commission tracking matches a lender's commission statement CSV against funded deals. Renewals are forecast from paid-in percentage, which Centrex doesn't describe on its site (it tracks renewals as an advance type).

Where Centrex is ahead for brokers: dialer integrations, SMS, credit pulls and an API exist today. Ferrylend has none of those live yet; tap-to-call through your own phone and a Kixie integration in beta are what it offers now.

Funder features: where Centrex is clearly ahead

If you fund, this section settles it. Centrex's MCA servicing covers factor-rate calculation, daily to semi-monthly drafts, ACH processing with four daily status updates, auto NSF and drafts that stop on certain return codes. Payment batches run at a fixed 2:30 PM CST through processors such as Actum, ACH Works and Cuttlefish. Syndication includes a syndicate portal, daily emails, batch ACH payouts and an optional waterfall, and investor wallets run through Cuttlefish.

Ferrylend says outright that "The CRM does not debit merchants, run an ACH schedule or keep a syndication ledger." It keeps a remittance ledger you fill in by hand or import, with servicing statuses for tracking. That's useful for renewals, but it isn't servicing. ACH collections, syndication tracking and partner logins are on Ferrylend's long-term roadmap, not live.

Setup, data and leaving

Centrex integrations are switched on by its team (you email setup or support), not installed yourself. When you cancel, "Data will be exported to you once we have received your final payment and the signed cancellation form."

Ferrylend includes migration from your current CRM in its setup (waived through December 31, 2026), and owners can export all records and documents at any time, even after cancelling. Ferrylend's own page for shops leaving Centrex covers the switch, and notes elsewhere that signed contracts and servicing history usually stay in the old system.

Pros and cons

Ferrylend

Pros:

• Published per-user pricing ($69 Core, $99 Pro), no seat minimum, month to month.
• Lender matching on 27 metrics with a plain-English reason for every pass or fail.
• Stamped submissions and a downloadable proof of what was sent to each lender.
• Offer math that shows your commission, commission-statement CSV matching and renewal forecasts from paid-in percentage.
• Migration included in setup, and the $999 setup fee is waived for workspaces created through December 31, 2026.

Cons:

• Newer, so it has no reviews on G2, Capterra or Trustpilot yet (checked October 2026).
• Dialer, SMS, bank connect and lender API connectors are coming soon, not live; Kixie is a beta.
• Thin on the funder side: no ACH, servicing or syndication ledger, and no ISO portal.
• No credit pulls, SOC 2 or native mobile app.

Centrex

Pros:

• Covers both sides: broker CRM plus ACH servicing, NSF handling and syndication.
• ISO portal, white-label client portal and iOS/Android merchant app.
• Dialer integrations, SMS through your Twilio account and credit bureau add-ons available today.
• A long track record ("since 2015").

Cons:

• No public pricing and no trial; add-ons are priced one by one as monthly enhancements.
• Billed for every user who logged in that month, with an account minimum.
• Lender API submissions only with lenders that build against Centrex's API.
• Data is exported on cancellation only after final payment and a signed cancellation form.

Limits on both sides

• Centrex: no public pricing, no trial, add-ons priced one by one, payment batch times you can't change, and lender API submissions only with lenders that integrate Centrex's API. Some help articles limit ACH Works, DecisionLogic and the OnDeck API to the business-loan file type, so confirm they work on MCA advances.
• Ferrylend: newer, with no reviews on G2, Capterra or Trustpilot as of October 2026. No ACH, syndication, ISO portal, dialer, SMS, credit pulls, lender APIs or SOC 2. Roadmap items are coming soon, not live. Our full Ferrylend review covers each one.

FAQ

How much does Centrex CRM cost?

Centrex doesn't publish a price. Its billing policy says you're billed monthly for each user who logged in during the prior month, with an account minimum set in your agreement and add-ons billed as monthly enhancements. You'll need a demo and a quote.

Is Ferrylend cheaper than Centrex?

We can't say for sure, because Centrex's price isn't public. Ferrylend is $69 or $99 per user per month on monthly billing. Get a written Centrex quote that includes the enhancements you need and compare per user.

Can Ferrylend replace Centrex for a funder?

Not if you collect through the platform. Ferrylend has no ACH, collections or syndication. A funder could use it for origination and keep a servicing system alongside it.

Which is better for a small ISO shop?

If you only broker and want to start without a sales process, Ferrylend's published pricing and month-to-month terms fit better. If you need a dialer and SMS on day one, Centrex has them now. You can click around Ferrylend's sample workspace (it asks for a work email) before booking either demo.

For the wider field, see our best MCA CRM roundup and our list of alternatives to Centrex. Short version: if you place deals, start with Ferrylend; if you fund and collect, look hard at Centrex.

Disclosure: Ferrylend is made by Digital Mundo, a separate company with the same owner as Gold Penguin. We rank it first, and we've kept its drawbacks in plain view.