Vacuumlabs

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Overview

$25,000+

Min Project Size

$50 - $99/hr

Avg Hourly Rate

250 - 999

Employees

2012

Year Founded

ABOUT VACUUMLABS

Accelerating financial innovation

Vacuumlabs is a financial product development firm that collaborates with banks and fintech companies to drive innovation. They focus on designing, building, and launching digital products, with a specialization in core banking transformation, new bank development, and wealthtech. Acting as a genuine business partner, Vacuumlabs combines fintech knowledge with technical implementation to mitigate risk and speed up market entry. Their clientele includes Afin Bank, Mox by Standard Chartered, Galgal, and Trade Ledger. Established in 2012 and based in Bratislava, Slovakia, Vacuumlabs has helped financial institutions across Europe, Asia, and the GCC create compliant, production-ready banking solutions.

LANGUAGES SPOKEN

English

HIGHLIGHTS

$25,000+

Min Project Size

$50 - $99/hr

Avg Hourly Rate

250 - 999

Employees

2012

Year Founded

Services

Focus

Industries

Clients

Services Provided+2 Services

65% Custom Web Application Development

30% Mobile App Development (iOS & Android)

5% Blockchain & Web3 Development

100% IT Staff Augmentation

40% Product UX Strategy

25% Mobile App UI Design

20% UX Research & Usability Testing

15% Web App UI Design

About the Team

OUR STORY

Since 2012, Vacuumlabs has been a trusted partner in the fintech industry, collaborating with startups, scaleups, and major corporations worldwide from its five offices. The company excels in delivering innovative products through a blend of expert engineering, thoughtful design, and deep fintech insight. Their diverse team, skilled in product strategy, design, engineering, and data science, thrives on creative problem-solving. Vacuumlabs offers comprehensive services including user and market research, product strategy, MVP development, iterative design, and technical assessments. As the founding member of Vacuum Group, they also invest in ventures that innovate the industry. Renowned for rapid value addition, Vacuumlabs prides itself on customized, high-quality solutions tailored to clients' specific goals.

Portfolio

Twisto - How a two-engineer engagement led to a long-term relationship and more efficient customer registration

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Twisto is providing a straightforward and equitable daily financing option for retail consumers in the CEE region. The application facilitates one-click online purchases with an ability to defer payment. Since it doesn't link to any bank accounts, the process is more secure. Its advanced risk assessment engine, Nikita, utilizes unconventional data sources and machine learning for credit evaluations, analyzing over 400 data points per transaction within milliseconds. Currently, Twisto operates in the Czech Republic, Poland, and Romania, boasting 1 million app users and partnerships with over 2,000 online stores in the Czech Republic and Poland. The Twisto app experienced a remarkable launch in the Czech Republic. To uphold its position as a payments innovator, Twisto collaborated with Vacuumlabs to enhance vital customer experiences. Our partnership began with two Vacuumlabs engineers focusing on a list of key features, and expanded to a 12-person engineering team integrating with Twisto's teams. Our collaboration led to a significant improvement in customer registration efficiency. Throughout our partnership, we’ve assisted Twisto in automating crucial processes and incorporating a variety of tools and payment options. We continue to work together with Twisto, aiding in the integration of additional third-party systems and improving the return process functionality. Our experience with Twisto highlights our capacity to operate swiftly and effectively in the evolving landscape of next-generation payments.

A global concern needs a global technical solution

Doconomy

Our support and collaboration enabled Swedish fintech company Doconomy to develop a technological product for international markets: the 2030 Calculator. Doconomy recognized the importance of conveying its carbon impact message beyond Sweden, leading it to team up with Vacuumlabs to accomplish this goal. By addressing a significant technical hurdle, Vacuumlabs assisted Doconomy in making an essential initial stride toward helping users decrease their carbon footprints while simultaneously enhancing global recognition of Doconomy’s mission. For more details, visit: https://vacuumlabs.com/projects/doconomy

Building a user-friendly banking app in 8 months

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Vacuumlabs, in collaboration with the Galgal team, developed a new banking application aimed at assisting young people in India with their financial management. Our partnership with Galgal began from the idea's inception and extended through to the complete development process. In 2017, Harsh Chhatrapati, the founder and CEO of Galgal, envisioned a fintech solution while studying finance at Imperial College Business School in London, where he observed the financial challenges faced by younger individuals. His goal was to enable young people in India to save more effectively. By 2021, Chhatrapati had identified the target audience, allowing him to tailor the solution to meet future clients' needs. He discovered that individuals aged 18 to 25 wanted to manage their budget, savings, and investments but lacked the knowledge to do so consistently. Following this, Galgal partnered with Vacuumlabs to bring the banking solution to life. Chhatrapati stated, “Vacuumlabs’ impressive track record with many successful fintech solutions made me confident in choosing them as a partner.” Together, along with Arun Iyer, the Co-Founder and Chief Product Officer at Galgal, they defined each feature of the new solution and tested them with potential users. This collaborative effort resulted in a three-month design sprint with Vacuumlabs and TinkerLabs, a Mumbai-based agency specializing in design thinking and behavioral science. You can read the complete story here: https://vacuumlabs.com/case-study/galgal/

5 more projects

Projects & Clients

Project Size & Rate

Minimum Project Size

$25,000+

Average Hourly Rate

$50 - $99/hr

Pricing Snapshot

Min Project Size

$25,000+

Avg Hourly Rate

$50 - $99/hr

Cost Rating

N/A

What Clients Have Said

“

"Vacuumlabs delivers quality projects within budget and timeline expectations based on verified client feedback."

Based on verified reviews and internal benchmark data

MOST COMMON PROJECT SIZE

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Select a service

Custom Web Application Development

Mobile App Development (iOS & Android)

Blockchain & Web3 Development

IT Staff Augmentation

Product UX Strategy

Mobile App UI Design

UX Research & Usability Testing

Web App UI Design

Operational Process Consulting

Market Research & Competitive Intelligence

Locations

Headquarters

SkyPark offices, Bottova 7939/2A

Bratislava, Bratislava, Slovakia 811 09

Headquarters

Perlová 5 110 00

Prague, Czech Republic 110 00

Headquarters

Žižkova 13 040 01

Kosice, Slovakia 040 01

Headquarters

Koliště 644/25 602 00

Brno, Czech Republic 602 00

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