A factoring solution based on the Angular platform.
Felmo has raised a total of $17.8M in funding over 3 rounds. Their latest funding was raised on Aug 4, 2021 from a Venture - Series Unknown round.
CodiceWeb Banking Innovation (CWBI) is an IT&C company that provides a wide array of services and solutions for the Banking & Finance sector. Targeted primarily at payment service providers in the Single Euro Payments Area (SEPA) market, the client concentrates its business efforts on Online Banking ePayments (OBeP) model and mobile channels.
The client contacted Akveo to begin cooperation on developing a factoring solution for its end client, an Italian bank. Due to simplified procedures and legislation, the European lending industry is on the rise now, and the demand for solutions of such type is quite high. At the same time, the solution demanded both thorough analysis and research of complicated business processes on our end. Following the kick-off meeting with the client, the team of Akveo set an ambitious goal of developing an elaborate system that would meet CWBI’s expectations to the fullest.
The project contained several major challenges:
The eventual goal of the project was to deliver an Angular-based application that stands on existing mockups. The client requested that all the UI components would be Nebular-styled while the API endpoints based around made-up data.
The product is currently used by hundreds of bank’s customers, with additional features scheduled to be added in the solution's next update. The outcome of the project is a robust factoring system with a rich set of features. Following a fixed-price model, the team of Akveo implemented the following solution's modules:
The following technologies were used during the project:
Despite an intensive race against time, the team of four people (two developers, a BA, and a team lead) managed to deliver the project within one month. Working in close cooperation with the client via daily demos, we had drawn up a detailed development plan that contributed to the early project’s completion.
The bank successfully launched the solution to diversify its loan portfolio and secure a competitive advantage in the Italian factoring market. The product is currently used by hundreds of customers, with additional features scheduled to be added on the client side.
This allowed our end-client to provide the product for their customers as planned. We really appreciate their level of detail and the accountability they have demonstrated on the project. As well as their efficient customer service, their willingness to accommodate our need for occasional requests, and the way they conducted the business as a whole”.
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