Solutions Through Software
Developing a Fintech SaaS | Software Development Company

SaaS Development: Building a Profitable MVP from Scratch

About

Zodaka, a platform for high-risk industries

Zodaka is a startup that provides a secure payment app for high-risk industries such as the cannabis industry in California. By focusing on a market that has few options to commercialize products and services while remaining compliant with regulations, they created a software that intermediates and validates financial transactions between consumers and merchants.

Challenge

Building a cost-effective MVP

Zodaka came to us looking for a partner to firstly develop the app’s MVP, and then expand upon it. Our productive and cost-efficient nearshore outsourcing model was much more aligned to their startup than the elevated costs of hiring an in-house team in Silicon Valley. As an added bonus, the close time zone between our office in Colombia and the west coast allowed better collaboration in the distributed team.

Solution

Leveraging the initial version into a more complete product

Our first big milestone happened in November 2017, when the finished MVP was presented at the Marijuana Business Conference in Las Vegas. A few months of continued product development later, and after undergoing testing with several merchants in the industry, the official app was released.

The app offers different views, each one focused on merchants, consumers, partners or Zodaka administrators. The software also has an API that connects the platform to the merchants’ own applications. One of the project’s technical challenges was building a software architecture that could support frequent changes to comply with the legal requirements of high-risk industries, which we were able to accomplish admirably.

Results

Payment platform for high-risk industries surpasses 1,700 users

As a user-oriented startup, Zodaka is constantly growing according to the market’s needs and users’ feedback. To facilitate these changes, the team in Colombia works at a constant and productive rhythm, building small proofs of concept and increments in order to test new functionalities, validating them and only then investing a significant amount of time to develop them fully. We've also put into practice Scrum ceremonies to reflect on continuous improvements and keep communication flowing.

The team has always put the code's legibility and quality first. From the project’s beginning, we’ve worked on building a robust and scalable structure that can support the app's growth without losing speed and efficiency. Today, Zodaka has over 5000 registered users and we continue to implement new functionalities on an ongoing basis.