How This FinTech Platform Cut Onboarding Time by 90% (and What You Can Learn)
- Client Name WojeMoney
- Industry Financial Technology (FinTech)
Background
Operating in Fintech, our client grappled with manual processing, stalling critical financial automation and causing delays, missed opportunities, and compliance worries. Our transformative solution leveraged advanced automation and third-party integration, revolutionizing operations by streamlining transactions, slashing onboarding times, and enhancing overall efficiency.
Challenge
The challenge lay in automating critical financial processes without direct access to funds, hindering efficiency and scalability for the platform.
Solution
Transitioning to an advanced automation system enabled rapid verification of accounts and streamlined financial transactions, revolutionizing the lending process.
Company Background
A fintech platform founded with a vision to simplify lending processes, empowering businesses to offer financing options without holding funds directly.
Business Challenge
Slow onboarding times due to manual bank account verification (7-8 business days)
Increased risk of errors in manual data entry
Difficulty scaling the platform to accommodate business growth
Goals & Objectives
Eliminate manual processes for onboarding & financial management.
Reduce onboarding time significantly.
Automate features previously impossible to manage manually.
Increase platform scalability to support business growth.
Our Approach
We designed Platform X with a unique architecture that allows for:
- Vertical Growth: Onboarding more users on the existing infrastructure.
- Horizontal Growth: Seamlessly adding servers to optimize performance without disrupting business operations.
Project Highlights
Streamlined Onboarding:
Reduced onboarding time from days to hours through automation, paving the way for significant business growth projected by the client.
Investor Confidence:
Secured funding from investors based on the success of the previous platform version, further validating the solution's potential.
Market Recognition & Innovation:
Achieved a patent for the platform's core functionalities (pending), underscoring both market recognition and technological innovation.
Challenges Overcome
Automating workflows eliminated the need for manual processes, freeing up resources for strategic tasks. This shift not only improved data accuracy through reduced errors, but also ensured timely follow-up with customers through automated notifications, empowering businesses to handle clients more efficiently while ensuring compliance.
The transition to automation fueled exponential business growth, increased revenue potential, and garnered market recognition for streamlined processes.
Techstack
| Front - end |
MVC Pages |
|---|---|
| Back - end |
C# 
MVC.Net |
| Database |
Database |
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