An innovative banking app powered by Raiffeisen Bank provides 10+ essential services, including the currency exchange functionality implemented by our developers
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SUBJECT MATTER
raiffeisen bank logo
Fairo is a freelance banking app powered by Raiffeisen Bank International and created by a large team of experienced backend and frontend developers, business analysts, UX/UI designers, QA engineers, and other specialists from all over Europe.
Our client Creative Dock approached us to help with building the currency exchange functionality, debit card issuing function, marketing tools, and some other features for the user profile and admin panel.
Fairo consists of several modules related to different functions, such as tax reporting, currency exchange, transactions, accounting, debit cards, and more.
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Working on both iOS and Android, the app has a clear user interface that enables you to:
  • Create a personal or business account
  • Use personalized dashboards
  • Get automated tax reports
  • Pay taxes in one click
  • Create invoices for clients
  • Issue debit cards
  • Receive payments
  • Track incoming transactions
  • Exchange currency
  • Withdraw cash
  • Use a multi-language feature
CHALLENGES
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The main challenge was to provide the fast and accurate currency exchange:
  • The user shouldn’t think about this complex process (smart UX/UI)
  • A multi-currency account works smoothly and correctly
  • Every tool quickly responds to any need of the user
One more challenge was to optimize other functional parts of the app (automated tax reports, debit cards) and make them work in concert.
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SCOPE OF WORK
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  • Building a multi-currency account (UAH, USD, EUR)
  • Implementing the currency exchange functionality
  • Improving the tools for using debit cards (virtual and physical)
  • Optimizing the tax payment tools and automated reports
  • Improving the marketing statistics tools
  • Working on the promo codes feature
WHAT WE PERFORMED
Duration:
7 months
Goals
Fairo makes banking, accounting and taxing easier for freelancers and small business owners, providing:
  • Tools and resources for any number of users
  • Managing business and money on the go
  • Speedy launch without losing the quality
  • Features for modern freelancers and small business owners
Team:
Backend – 4Frontend – 4QA – 2DevOps – 1
Results
We helped our client deliver and optimize the online banking functionality, resulting in:
  • 30 000+ users within the first month after launch
  • Fast-loading app to make the best of its tools
  • Faster and higher-quality development with CI/CD
  • We built essential features and continue working on additional ones (promo codes, analytics)
IMPLEMENTED FEATURES
Currency exchange
Quickly exchanging money between your accounts in various currencies
Multi-currency account
User account supports several currencies, including USD, EUR, and UAH
Tax payment tools & automated reports
Creating single tax and ESV reports automatically, based on the account data
Virtual & physical debit cards
Issuing debit cards connected to a business or personal account
Promo codes
A stimulating feature to attract new users and increase loyalty of others
Marketing tools
Collecting in-app statistics on user behavior and making personal offers
TECHNOLOGY STACK
React Native
GraphQL
Firebase
Storybook
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