Cashix

Design & Development of instant loan app: a complex fintech mobile app for instant credits

Design & Development of instant loan app: a complex fintech mobile app for instant credits by Nerdysoft
Design & Development of instant loan app: a complex fintech mobile app for instant credits by Nerdysoft

Design and Development of mobile application for instant credits

Location

Location

Switzerland

Industry

Industry

Fintech

Cooperation model

Cooperation model

Time & Material

Partnership period

Partnership period

Sept. 2019 - Oct. 2020

Team size

Team size

4

CG24 Web

  • react
    React
    Libraries
  • file_type_jest_icon_130514-2.svg
    Jest
    Testing framework
  • redux.svg
    Redux
    Libraries

Cashix Mobile App

  • typescript-1.svg
    Typescript
    Languages
  • react
    React Native
    Languages
  • file_type_firebase_icon_130606-1.svg
    Firebase
    Platforms

Cashix Web Admin

  • file_type_jest_icon_130514-2.svg
    Jest
    Testing framework
  • typescript-1.svg
    Typescript
    Languages
  • react
    React
    Libraries

Backend

  • Java development by NerdySoft
    Java
    Languages
  • kubernets-1.svg
    Kubernetes
    Frameworks
  • Vector-6.svg
    Mailjet
    Platforms
  • Spring
    Spring
    Frameworks
  • docker
    Docker
    Platforms
  • PostgreSQL
    PostgreSQL
    Databases
  • Hibernate
    Hibernate
    Frameworks
  • Twilio
    Twilio
    Platfroms
  • Hibernate
    Hibernate
    Frameworks
  • Twilio
    Twilio
    Platforms

About the instant loan

Cashix is an instant loan app: a complex fintech mobile application covering a full cycle of instant microcredits for loan amounts up to 2K Euros for individuals. 

The main goal of the project was to create a service where you can instantly get a short-term loan via communication with chatbot and  without filling out millions of forms and standing in queues of financial instances. 

After downloading the application for iOS or Android, the user goes through a quick onboarding and validation process by third parties legal instances and in a few seconds after, can use the microcredit.

About the client

CreditGate24 is a Swiss on­line plat­form for the fin­an­cing of private and busi­ness loans. The company decided to create a revolutionary product for the Swiss banking system, where in­stead of a bank, the instant loans are fin­anced by private and in­sti­tu­tion­al in­vestors. 

The  plat­form was launched in March 2015 and is aimed at mak­ing the cred­it pro­cess more ef­fi­cient, faster and comfortable to a client.

Сhallenges overview

The customer requested to create a mobile app for instant credits to individuals from scratch. An instant loan mobile application is just a tool on a way to reach a large-scale goal – change the traditional way people get microcredits in Switzerland and simplify the process to a few steps.

During the project, NerdySoft developers had to address the following challenges:

Challenges in development of a mobile app for instant credits to individuals from scratch by NerdySoft
  • Initial plan was to use the existing backend for a new application. NerdySoft company suggested to develop separate backend for Cashix application and connect it with CG24 platform into a single ecosystem

  • KYC flow implementation via 4 simple steps using PlxVision tool

  • Provide fast and secure digital user verification in real time using Machine Learning and Machine Vision

  • Intelligent identity verification in real time & secure customer onboarding

Challenges in development of a mobile app for instant credits to individuals from scratch by NerdySoft
  • Initial plan was to use the existing backend for a new application. NerdySoft company suggested to develop separate backend for Cashix application and connect it with CG24 platform into a single ecosystem

  • KYC flow implementation via 4 simple steps using PlxVision tool

  • Provide fast and secure digital user verification in real time using Machine Learning and Machine Vision

  • Intelligent identity verification in real time & secure customer onboarding

Solution

NerdySoft team has come to Berlin to meet a client, and after a long workshop we decided to create a unique platform that can be connected to any bank card to help users get microcredit anywhere and anytime.
The NerdySoft team was involved in the development of Cashix instant loan mobile application from scratch and suggested the following:

Easy verification via third-party instances

Develop documentation considering all possible inputs and outputs

KYC flow implementation using Machine Learning

Modern and responsive UI

Develop Cashix mobile application for iOS and Android

Credit check: User credit score check implementation during verification process

Development of user-friendly chatbot mechanism for customer support and onboarding

Credit check: User credit score check implementation during verification process

KYC flow implementation using Machine Learning

Development of user-friendly chatbot mechanism for customer support and onboarding

Develop documentation considering all possible inputs and outputs

Easy verification via third-party instances

Develop Cashix mobile application for iOS and Android

Modern and responsive UI

Result

NerdySoft helped CG24 to build a credit card with a unique combination of features that will change the industry of instant loans in Switzerland forever.

Our team has built the platform with an algorithm system, which automatically makes decisions relying on data we gather through integration with 3-rd parties. You don’t need to fill out numerous forms or stand in queues to get a personal loan in Switzerland anymore.

Soon, we are planning to launch more exciting and revolutionary features for Cashix, so stay tuned.

NerdySoft development of a creadit card with unique features. Fintech mobile app development

Result

NerdySoft helped CG24 to build a credit card with a unique combination of features that will change the industry of instant loans in Switzerland forever.

Our team has built the platform with an algorithm system which automatically makes decisions relying on data we gather through integration with 3-rd parties. You don’t need to fill out numerous forms or stand in queues to get a personal loan in Switzerland anymore.

Soon, we are planning to launch more exciting and revolutionary features for Cashix, so stay tuned.

NerdySoft development of a creadit card with unique features. Fintech mobile app development
breakets icon NerdySoft

CG24 Group had a great experience with NerdySoft in initiating the development of fully fledged microlending app. From the start the team from NerdySoft focused on the essential components of the project. The team managed the whole project highly professionally and competently from project management, over UX and UI Design and Frontend/Backend development. To top it off the excellent quality of work, they were also friendly and very pleasant to work with. We are happy to recommend NerdySoft without reservations.

Patrick Winterhoff
Chief of Staff and Projects at CG24 Group

CG24 Group had a great experience with NerdySoft in initiating the development of fully fledged microlending app. From the start the team from NerdySoft focused on the essential components of the project. The team managed the whole project highly professionally and competently from project management, over UX and UI Design and Front-/ Backend development. To top it off the excellent quality of work, they were also friendly and very pleasant to work with. We are happy to recommend NerdySoft without reservations.

Patrick Winterhoff
Chief of Staff and Projects at CG24 Group

RECEIVE A CALL or EMAIL US




      Phone Number
      Optional

      Latest Insights

      Stay informed on the latest updates and trends to follow in financial services, digital transformation and software development from NerdySoft

      Latest Insights

      Stay informed on the latest updates and trends to follow in financial services, digital transformation and software development from NerdySoft