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MXNEY: Financial App For Ecommerce

Perfsol is proud to present one of our most successful projects. We have developed a feature-rich application to take financial management to a whole new level. The client set out to create software to collect stats from platforms and shopping systems, control sales, as well as determine revenues. Designed for the e-commerce segment, the application optimizes all financial management processes. Let's go through the process of creating this application step by step.

MXNEY: Financial App For Ecommerce
Challenge

The client was interested to develop a user-friendly application for the e-commerce site where the entrepreneurs could monitor the efficiency statistics from different sources and have constant access to the experts' support in order to increase their income.

All in all, we needed to equip the app with basic functions such as accepting and sending payments as well as provide integration with different payment systems. Moreover, we needed to develop it with security features in full compliance with all the standards and regulations in fintech. The client knew that it was not our first project in the fintech industry and relied on our experience and good references. Needless to say, our specialists did their best and showed what a truly high level of expertise means.

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Business case

For such an interesting project we assembled a team of the best professionals. Professional developers, analysts, designers, and project managers gathered to make the client's idea a reality. Generally, we needed to equip the application with a handy list of transactions, a cash-flow viewer, the ability to use direct debit schemes, and an online money-forwarding feature. Besides, the application had to display all credit documentation, as it is very important for e-commerce.

No less important during the development were the integrations. Since the main idea of the service is to centralize all financial services for e-commerce, it was necessary to provide integration with the maximum number of third-party services. Below you can see what we needed to implement.

Integrations:

  • Connection with multiple shopping platforms (Shopify, Magento, WooCommerce, Prestashop, Shoporama, Smartweb)
  • Integration with banking services (accounts, cards, and IBANs)
  • Connection with Aiia Open Banking (Mastercard)
  • Integration with Facebook ads manager, Google Analytics and Google ads.
Solution

In the end, MXNEY turned out the way the client wanted it to be. The app was fast, user-friendly, looked great, and covered all users' needs. In terms of functionality, we implemented:

  • Transactions list;
  • Security regulations: KYC, KYB;
  • Credit documentation;
  • Working with Direct debit schemes;
  • Online wire transfers.

MXNEY lets business owners collect stats from platforms and shopping systems to control sales. With the app, the entrepreneur can determine the potential and actual revenues in order to know exactly where to expand his business. Having banking operations and cash flow stats in one place significantly optimizes financial management for e-commerce and allows the entrepreneur to spend time on strategic planning instead of painstaking calculations. The client was fully satisfied with the work of Perfsol developers and continues to cooperate with us for post-release support and further development of the software.

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