FIBR cover 1
Case studies

A development partnership powered FIBR’s successful expansion in the UK's Fintech market

FIBR entered the UK market and quickly secured its position by providing a simple, digital loan application process that is significantly faster than the one offered by traditional lenders.

About FIBR

FIBR wants to find a better way to create loan solutions for small to medium businesses, using more information, providing better terms, and better service. All fully online — at speed.

The finance they provide is dynamic. It flexes and moves with the businesses they serve, based on real data and needs. And it grows and changes with your businesses too — because FIBR knows that as your business evolves, your finance should do the same.

FIBR has worked with The Software House, exchanging expertise with Developers and Engineers, to digitize the end-to-end lending process.

Visit fibr.com for more information on business financing.

Country

United Kingdom

Industry

Fintech

Timeline

08.2020 - Ongoing

FIBR wants to find a better way to create loan solutions for small to medium businesses, using more information, providing better terms, and better service. All fully online — at speed.

The finance they provide is dynamic. It flexes and moves with the businesses they serve, based on real data and needs. And it grows and changes with your businesses too — because FIBR knows that as your business evolves, your finance should do the same.

FIBR has worked with The Software House, exchanging expertise with Developers and Engineers, to digitize the end-to-end lending process.

Visit fibr.com for more information on business financing.

150+

acquired business clients

★4.7

Trustpilot score (excellent)

£10M+

issued in loans

The challenge

As lending leaves no room for error, most organizations employ auditors to do it manually. A business can wait between 60 to 90 days on average to get clearance (Fundera).

FIBR’s ambition was to automate the loan process completely to support businesses that needed to receive credit much faster. The bar was set at 5 minutes for an applicant to access the indicative loan offer.

Each loan application requires background checks across several institutions with page after page of data cross-referencing. FIBR must have a high degree of confidence in the business they are lending to — that they are who they say they are and can afford to make the repayments. 

FIBR’s development team faced unbending business requirements that FinTechs face. It was time to call for backup.

Partnership goal To build a loan platform focused on excellent user experience with the use of cloud computing

Before

FIBR’s staff needed direction in development to ship releases faster, update their architecture, and implement cloud automation with no flaws

After

With the help of a software partner, the product turned from an MVP into a popular loan platform that acquired 150+ business clients throughout the process

Fibr

The Software House hand-picked professionals who joined FIBR's team under a hybrid model

We worked on

Team formation

FIBR’s market expansion in the UK required more Frontend/Backend developers, DevOps, and QAs on board.

The Software House filled the talent and knowledge gap in weeks where the company would have needed months to do so. The line-up included 3 QA Engineers, 8 Developers, 2 DevOps, and 1 Senior Project Manager.

They joined FIBR’s ranks under their PO’s leadership but also worked directly with the CTO CEO, and the PM. We worked in the Agile methodology with two-week sprints.

Fibr

They brought in the right talent at the right time with the right expertise. We’ve been happy with the quality of their work.

Rémi Tuyaerts

Chief Technology Officer at FIBR

Our partnership

For over a year, our joint team was adding features, automating bank processes, and ensuring no-compromise cloud security and performance. FIBR continues to acquire dozens of business clients who have already received £10M+ in financing.

Technology choice

React (frontend), Node + Python (backend), AWS, AWS call, Serverless, and BitBucket.

What FIBR achieved

We first refined the system’s 3-year-old code to prepare it for integration with new cloud services. For that to happen, the Software House introduced planning, sprint, and retro meetings.

The team then redesigned FIBR’s website. We build an automated background-check service for loan applications that supported the company’s rapid user growth.

Features we introduced included a custom admin/user panels, a backend API for frontend, and AWS Connect in place of Twilio for the call center. Next, we integrated Salesforce with AWS Connect.

The team also switched from Buddy to BitBucket for pipelining which dropped deploy time from 1.5 hours to only 10 minutes.

The next step

The Software House is transferring FIBR’s services onto several AWS clouds to meet the resilience and security requirements set by investors.

Fibr

Reach a breakthrough in your project just like FIBR did

For over 9 years, tech leaders from 10 industries entrusted The Software House’s engineers with refactoring, development, and cloud computing works.

Work only with scalable technologies

Expect a software solution designed for stability, usability, and scalability thanks to next-gen technologies used at The Software House: microservices, serverless, and cloud computing

+170 professionals available

People with the skill set your project needs are within reach – developers, cloud engineers, DevOps, architects, and product designers

Rated 4.9/5 on Clutch.co

We follow a simple mantra that worked for +160 software projects we delivered with success — everything we build must be of great value to you and your clients

"They are responsive and helpful and willing to listen."

As said by CTO Micha Roon of the Energy Web Foundation in a ★5 review. He delivered a rapid-development project in just 6 weeks with our developers. How can we help you?

spinner
CTO Roundtable #11 - Tech leaders’ masterclass in growing a quality culture

Join the discussion during the CTO Live Panel

Register here!

What do you want to achieve?

    This site is protected by reCAPTCHA and the Google
    Privacy Policy and Terms of Service apply.

    They are more than just a software company. They are the partner who will help you achieve what you want to achieve.

    Nick Gold

    Managing Director at Speakers Corner

    Thanks

    Thank you for your inquiry!

    We'll be back to you shortly to discuss your needs in more detail.