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At Phyniks, we combine AI and creativity to drive innovation. Our tailored solutions yield extraordinary results. Explore our knowledge base for the latest insights, use cases, and case studies. Each resource is designed to fuel your imagination and empower your journey towards technological brilliance.

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bfl

Batch For Labels

Read how we designed the web experience for eCommerce business of BFL.


 

digiaccel

Digiaccel

Explore how we developed an eLearning software reshaping skill based education.


 

capitalsetu

CapitalSetu

Uncover how we worked with a FinTech business to build efficient MSME supply chain solution.


 

frinzap

Frinzap

Read how we built community driven online learning platform from scratch.

eversubs

Eversubscriptions

Custom subscription Shopify app with seamless workflow integrations.

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Food Optimization

Understand how we worked with America's Food giant to leverage AI.

About CapitalSetu / Brief Introduction

Our client's FinTech start-up is revolutionizing the financial landscape for Micro, Small, and Medium Enterprises (MSMEs). By deeply understanding the challenges faced by small vendors in securing traditional financing, they've developed innovative supply chain financing solutions. Their focus is on empowering MSMEs through accessible and flexible financial support with their app and drive positive change in the Indian market. 

This SaaS-based solutions not only ensure perfect GTM, they also provide prequalified leads for Supply Chain finance and help businesses scale. This streamlined approach with the necessary steps and financial tools helps MSMEs thrive and grow. By leveraging advanced technologies and a user-centric approach, Capital Setu is not only simplifying financial processes but also contributing to the overall growth and sustainability of the MSME sector in India.

Industry

Finance

Business type

B2B

Technology

AWS, MERN

Country

India

Duration

18 Months

Methodology

Agile

FinTech App Development for Streamlined MSME Supply Chain Management.

Project Overview

We collaborated to develop a Fintech application software revolutionize B2B transactions for Indian MSMEs. We even integrated multiple third party financial systems to extract CIBIL and other parameters. This Fintech app also features real-time analytics and reporting tools, providing businesses with critical insights to make informed financial decisions. Additionally, we ensured the solution is scalable and secure, ready to accommodate the growing needs of MSMEs across the country.

The Outcomes of Our Collaboration with CapitalSetu

  • 01. Delivery of a comprehensive Order Management System (OMS) for buyers and vendors, streamlining the entire transaction process.
  • 02. Seamless integration with multiple third-party financial systems, including CIBIL, for comprehensive financial assessments.
  • 03. Advanced analytics and reporting features, providing real-time insights into financial performance and risk management.
  • 04. Development of both simple and complex onboarding flows, ensuring a smooth user experience for all types of users.
  • 05. Scalable and secure platform architecture, ready to support the growing needs of MSMEs across India.
  • 06. High user satisfaction ratings, reflecting the platform's ease of use and reliability.
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Looking for Innovative Ways to Grow Your Fintech Business?

Discover how cutting-edge technology and our expert team can drive your firm towards its goals.
Founder1

“We have been associated with Phyniks since a long time and we believe that information technology is one of the key areas to grow exponentially where Phyniks helped us in the best possible way with quality services. Phyniks is one of the best service provider for Software Solutions with best industry leaders. My best wishes to the Phyniks team for future endeavours.”

prasanjitadhikari

“We at Batch For Labels would like to express our heartfelt gratitude to team Phyniks for their hard work, dedication, and creativity in delivering an outstanding website that truly represents our upstart. The positive impact it has had on our online presence and user engagement is undeniable. It has become a powerful tool for showcasing our services and driving business growth. You have truly captured the essence of our start-up and translated it into a visually stunning and user-friendly website.”

Project Plan / Requirements & Challenges

The project plan centered on empowering a FinTech start-up that aims to revolutionize supply chain finance for India's MSME sector. Key requirements included developing a robust FinTech software solution to revolutionize B2B transactions for Indian MSMEs. This involved delivering a comprehensive Order Management System (OMS) for buyers and vendors, integrating multiple third-party financial systems to extract CIBIL and other parameters, and creating both simple and complex onboarding flows. Additionally, a Credit Assessment System (CAS) and Supply Chain Finance (SCF) solutions were essential components to offer comprehensive financial support.

Challenges included ensuring scalability to handle a growing number of users and transactions, which was addressed with a microservice-based architecture. Understanding financial jargon and interacting with third-party vendors using these terms was a significant challenge. The team had to learn a lot about finance, and the client's assistance was invaluable. Integrating multiple third-party financial APIs required meticulous coordination and extensive testing to ensure seamless operation. Ensuring data security and integrity during financial transactions was crucial, necessitating robust security measures and compliance with industry standards. Building the right team, capable of delivering high-quality results under tight deadlines, and bringing the product to market quickly demanded efficient project management and agile development practices.

Our Process

Our structured process ensures that every project phase, from ideation to maintenance, is carefully planned and executed to meet the specific needs of our clients. We begin with thorough market analysis and requirement gathering, proceed through detailed development and efficient deployment, and continue with ongoing support and enhancements. Each phase is crafted to deliver a robust, user-centric, and secure solution.

 

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Planning

  • Project Scoping
  • Timeline Development
  • Resource Allocation
  • Risk Management
Design

Design

  • Creating wireframes / mockups
  • UI/UX design
  • Webflow of system & dashboards
  • Interactive Prototypes
code-working

Development & Deployment

  • API Integration - 3rd Party
  • Security Implementation
  • Compliance Adherence
  • Feature Development
  • Deployment Automation CI/CD

 

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Maintenance

  • Bug Fixes
  • Performance Monitoring
  • New feature enhancements
  • Data security

Project Goals

1
Designing Wireframes

Design intuitive user interfaces and wireframes for the entire FinTech software ecosystem, ensuring seamless navigation and user experience across platforms to promote user engagement and satisfaction.

2
Order Management System (OMS)

Develop a robust Order Management System (OMS) that enables vendors to list products and buyers to place orders easily, streamlining procurement processes for efficient supply chain management. Users should seamlessly manage orders and invoices as vendors, dealers, or both.

3
Onboarding System

Implement a seamless onboarding process for business owners, leveraging technology for GST and PAN verification to ensure swift and hassle-free registration for accessing FinTech services.

4
Supply Chain Finance Dashboard

Engineer an analytics-powered dashboard for credit underwriters to help assess and approve loan requests swiftly, enhancing supply chain financing for better financial management. Integrate intelligent AI to provide deeper insights and more accurate assessments.

5
Integration with AWS

Leverage Amazon Web Services (AWS) for robust hosting and deployment to ensure high availability, scalability, and security of the FinTech platform.

6
Applicant Assessment for Customer Support

Design and implement an applicant assessment system for customer support operations to enhance the efficiency and effectiveness of staffing processes, ensuring the delivery of exceptional client service.

Business Impact : Capital Setu has already facilitated early payments exceeding 500 Cr

Through innovative fintech solutions, we empower organizations to achieve extraordinary results and stay ahead of the curve. Let's scale your businesses together with these latest technologies. 

  • Times Of India

    The company offers immediate liquidity against credit sales made by sellers, thereby assisting businesses not only with liquidity but also with the transformation of their B2B customer ecosystem. This approach eliminates the need for collection efforts and adds a competitive edge. Capital Setu has already facilitated early payments exceeding 500 crore rupees for its corporate clients.
  • Entrepreneur India

    Financial Services Startup CapitalSetu Raises $350,000 In SeedFundingThe company will utilize the fund to 4 new technology products for businesses in the next 12 months and hire key team members and grow their market share
  • IndiaToday

    Transforming SME Financing: A Game-Changing Exclusive on IndiaToday
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Result / Performance Metrics

Discover how our performance metrics highlight the impact of our advanced FinTech solutions, driving significant improvements in financial management and operational efficiency for our clients in the FinTech industry.

$60M +

early payments already facilitated 

12+

microservices to ensure scalability and uninterrupted supply chain finance for MSMEs.

$350K

raised in seed funding from RTAF

40+

MSMEs onboarded on the system for financing.

Design & Developments

 

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Let's

innovate for the future.

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Get

started on your journey.

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Together

we grow and thrive.

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&

 

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Build

with passion and precision.

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Your

vision becomes our mission.

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Business

growth driven by technology.

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With

passion, we drive success.

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Phyniks

crafts your ideas to life.

This project was brought to life using state-of-the-art tools and groundbreaking technologies.

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