Developing An Innovative Crowdfunding Platform
The client envisioned a platform that would enable businesses to connect with potential and existing lenders using social media channels. It would allows its users to integrate their Facebook, Twitter and LinkedIn accounts into their funding campaigns to reach a broader circle of potential lenders.
Client
The client is a privately held company located in the UK, managed by a group of highly experienced entrepreneurs in finance, risk, due diligence, and technology development focused on ensuring that both company and investor risk is managed effectively.
The Challenge
The client envisioned a platform that would enable businesses to connect with potential and existing lenders using social media channels. It would allows its users to integrate their Facebook, Twitter and LinkedIn accounts into their funding campaigns to reach a broader circle of potential lenders.
First Line’s Solution
First Line put together a dedicated team of software engineers and QA professionals to develop, test and fine-tune the new crowdfunding platform. We provided full-cycle implementation and QA, based on TDD (Test Driven Development) and using XP (eXtreme Programming) practices.
Results
The new crowdfunding platform was successfully delivered and installed into the customer virtual cloud environment. It allows companies to issue loans at flexible borrowing terms. Companies can now borrow at flexible interest rates and repayment terms without the typical excessive banking covenants. Loans can be repaid in cash, products, services and even discounts on products and services.
Integrations: Experian AML checks, FreeAgent accounting service, Twitter, Facebook, LinkedIn, Google+
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