First ever social network based financial market place,
developed by Our System Pvt Ltd. for a Korean Start up
Our Agile methodology helped the Korean Start up
to beta launch the product within 2 months of conceptualization
First ever social network based financial market place

Very fast team of developers capable of handling any project. Very timely and professional. Projects were delivered ahead of schedule completely finished. They are experts in programming and design. We highly recommend working with them, and appreciate the effort and time they put into making our app dream come true!

Director
coinluck

First ever social network based financial market place

Client

Coinluck is a start-up company started by our client with whom we had a glorious journey. The client is based at South Korea who came up with idea of creating an e-commerce market place for investors and buyers. Client was a developer as well and wanted to have the project build in Python Django and also wanted our developer to guide him on same as he was new to Django. We took up this challenge more as a helping hand to our client to establish a viable business.


Situation
  • Coinluck’s origin is potluck party in which each of participants brings a pot (food) and shares various foods together hoping everyone’s luck. In Coinluck, participants bring and share coins hoping everyone’s luck.
  • Client wanted to build a peer to peer lending platform based on SNS. Users can be investor, borrower, trader and even supervisor. (Which is more fearful? bank’s credit score deduction or their own friend’s awareness)
  • The basic idea was to bring more people together via SNS. Now SNS simply means social network system. But when we talk regarding bringing users together on a common platform, this activity becomes a complex task for developer and Development Company. The data needs to be brought from third party, the data will be related to users, user’s connection and the same will be maintained from scratch in Coinluck.

Solution

1 We had to deliver our best and only best. We didn’t have chance for slightest mistake in the project. The project dealt with very crucial data, data relationships and finance factors. So each requirement had to be fully understood, logics to be placed after careful thoughts, do regular scrum meetings and every minor SDLC step with detailing.

2 We had thus gone for an indigenously developed process by NTech Technology known as Rapid-M with dedicated resource allocated for client. Our resources are very well versed and capable of managing, helping out our client and good in communication. We also had our project manager involved in this project who with help of client and developer, try to define the business logics, forms, provided solution when client was in dilemma for optimum profitability out of project for our client.

3 We had to implement features like credit sharing, calculating EMI, friends list from Facebook Graph API, Chatting, Robust financial statistics and chart, Financial Analysis etc.

4 Thus we were able to proceed with project successfully and with our hard work decided fruitful results from the pot-luck.


Challenges:

Initially we came across a major road block with Facebook deprecating their API v1.0 which disallowed our chances to use user’s friend’s data. But we were proactive and we had implemented the social accounts bundle in Django that allowed our client to integrate SNS features from over 30+ renowned social networks like Linkedin, Twitter etc.


Our System Pvt Ltd. implemented below given features
  • Facebook Sign-In and Sign-Up
  • Facebook Graph API
  • Social Accounts of Django for implementing 30+ social accounts
  • Degree of Friends
  • Credit Sharing via SNS
  • Credit Rating of User
  • Chat
  • Events
  • Newsfeed
  • Calculate EMI
  • Process Loan
  • Debt Consolidation
  • Cashflow schedule and status
  • Custom Coinluck Credit-Ratings for users


User profile
  • Borrower
  • Investor
Investments
  • Auto Investments
  • Suggestions for Investments
Loan Application
Loan Approval process
  • Online verification (Email, Facebook account)
  • SMS, mobile verification
  • Password and other document verification
  • Bank account verification

Benefits
  • Users can now register to coinluck.com for free. User gets opportunity to get their profile rated by their known ones via SNS. SNS is very complex backend social network integration, but the use for users is very simple and intuitive.
  • User can post their loan request, get investments and pay via Coinluck. Coinluck will get a commission for providing this online service to borrower and investors.
  • User can also invest in various loans, share the credits with friends, invite friends or chat with them.

Contact Us

This team is passionate for Python development.
We bring inventive ideas and up to the minute web technologies to give your business an edge over the competition.

So if you are looking forward for Python Development in any area of your business then we are here to help you. And we would be glad to channel our reliable Python domain experience and expertise on use for you. Please fill the form below to request a quote and to know more about our services.


Service Network

Python Development Company

444 Dorp St Cape Town 7705

+11 11-1111-1111

info@pythondevelopmentcompany.com