Fintech app with Autobook
In September 2020, Vibe reached out to us, embarking on a goal to consolidate product offerings from stores nationwide and enhance accessibility through financing options. Their focus is on renting cars and musical instruments with flexible installment plans, all easily managed via their website. They effectively integrate the offerings of their commercial partners, ensuring that high-quality instruments and vehicles are accessible to everyone. We assisted them in developing a sophisticated fintech solution that guarantees data security and assesses client solvency.
Challenges Encountered: Throughout the project, Vibe faced several significant hurdles, including: creating a complex fintech solution, managing intricate data calculations like creditworthiness evaluations and sensitive data verification, connecting external stores with their internal e-commerce system, devising a process for installment payments, and building administrative panels for both management and customers. They also needed to integrate with various services, including BIK, KRS, CEIDG, Google Maps (for address verification), and payment gateways, while conducting credit assessments and checks on sensitive data.
Implemented Solution: To address these challenges, we developed a multi-layered application utilizing a RestAPI, which facilitated smooth integration with partner stores and allowed customers to rent with flexible installment options.
Results Achieved: The project yielded remarkable outcomes, including significant annual growth, increased activation rates, a broader range of product offerings, an expanding customer base, and new investor interest. In conclusion, we supported Vibe in streamlining creditworthiness evaluations while providing a diverse array of features and services through their cutting-edge fintech platform.