- #finTech
Expense Elegance: The Art of Spending with Balancer
general info
Client
FinTech Startup specializing in personal finance management
Industry
Financial Technology
Client Since
2021
Location
Global with a focus on North American and European markets
Type
Mobile Application
Engagement Model
Dedicated Team, Agile Development
Duration
3 Months
Staff
5-7 People (1 UX/UI Designer, 2 Mobile Developers, 1 Backend Developer, 1 Business Analyst, 1 Project Manager, 1 Quality Assurance Engineer)
Challenge
The client, a burgeoning FinTech startup, aimed to address several issues faced by groups managing shared expenses:
Simplifying calculations
Difficulty in splitting expenses accurately.
Currency Conversion
Handling multiple currencies during international travel.
Payment Integration
Simplifying the reimbursement process.
User-Friendly Interface
Creating an intuitive user experience.
Group Management
Organizing groups and expenses efficiently.
Expense Tracking and Categorization
Monitoring and categorizing group expenses.
Settling Balances
Ease of settling up owed amounts.
Security and Privacy
Ensuring the security of financial data.
Notifications and Reminders
Sending timely alerts for payments.
Value-Driven Results
The application stands to revolutionize personal finance management in shared contexts by combining ease of use with comprehensive financial management tools.
Simplifies the process of managing shared expenses, making it accessible and stress-free for users.
Reduces errors in expense splitting and currency conversion, ensuring fairness and transparency among users.
Automates calculations and settlements, saving users time and effort in managing group finances.
Robust security measures protect user data, fostering trust in the application for handling sensitive financial information.
Detailed reporting and analytics help users understand their spending patterns, aiding in better financial decisions.
Solution
In response to these challenges, we developed a comprehensive solution that addressed the logistics company's needs
| Service | Mobile Application Features |
|---|---|
| Login | Biometric and multi-factor authentication |
| Expenses | Easy entry of expenses and automatic splitting |
| Currency | Real-time conversion rates for international travels |
| Groups | Effortless setup of groups for shared expenses |
| Expenses | Intuitive categorization for better tracking |
| Balance | One-tap functionality to settle up balances |
| Notifications | Automated reminders for due payments |
| Settings | Customizable privacy controls for shared expenses |
| Reporting | Assessment of driving behavior. |
| User Profiles | Personalized user profiles with spending habits |
Tools & Technologies
Back-End
RoR, MongoDB
Front-End
Flutter, Dart
Security
OAuth, JWT, SSL encryption
Project Tools
Trello, Bitbucket, Confluence
Analytics
Google Analytics, Firebase
Roadmap
- Q1 2021
- Conceptualization and Design Prototyping
- MVP Development and Beta Testing
- Full-scale Development and Feature Enhancement
- Q2 2021
- Official Launch
- User Acceptance Testing
- Marketing Campaign
