Optimizing the service industry’s tipping process
Financial APIs integrated
3Bank connections available via Plaid
11,000+ institutionsTip allocation split
95% cardCLIENT & PRODUCT
The CEO of 55th Degree contacted Relevant for fintech software development services. They aimed to develop an MVP for their first product — an automated investing & virtual card tipping platform that allows saving up your tips or accepting them directly into an investment.
The app provides direct access to one’s checking account, so you maintain full autonomy over your tips and may start spending as soon as possible.
Jessica DawsonCEO of 55th DegreeIt was a fascinating experience to collaborate with seasoned project managers and business analysts. They looked at the original idea and all the pivots and consolidated them into a functioning MVP within our budget and timeline.
THE CHALLENGE
The main challenge was the integration of many different financial API providers that do KYC, card issuing, payment processing, and provide connection to the bank accounts in other banks (Plaid, Galileo, Stripe).
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The project involved front-end and back-end developers, QA, PM, BA, UI/UX designer, and DevOps engineer. Our team helped to detail the idea, make certain adjustments based on the fintech industry expertise, and bring a functioning MVP within budget and timeline to life.
THE SOLUTION
Tips autonomy
The app has one card for your regular needs and one for your dream. Let’s check where you’ll have more money.
Investment functionality
Choose your investment goal and follow it. The users should just focus on making their money, and FISK will take care of the investing.
Easy money transfers
Just by giving your QR code to your tippers, you may get tips from anywhere at any time. And this can be done by anyone, including those who are not FISK users.
Investment bank integration
We applied not just one but multiple security measures within the app to ensure data and money safety. So the users could link multiple banks, brokerage accounts, & debit cards in one place.
Friends invitations
You can share the app with your friends with just two clicks.
OUTCOMES
The importance was huge because it was the first digital product of the 55th Degree. According to the client, the sales process has already begun, and the app’s users are enthusiastic about the second phase of development. Therefore, 55th Degree has found a reliable development partner with experience in fintech.
Jessica DawsonCEO of 55th DegreeHaving an outsourcing team has enabled us to concentrate more on innovation and company structure, particularly during this startup phase. In addition, it gives us the much-needed time to prepare for an in-house team one or two years later. So outsourcing the development side freed us up and continued to scale up on the homefront.
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