Kreditech

Years of partnership
Developers relocated to
Hamburg HQ
Featured in TechCrunch
Awarded by Frobes
15+
6+
X1 Group helped one of the most successful fintech startups on the way to disrupting the credit services sector.

Providing financial freedom for the underbanked

Kreditech is a group of services that enable customers from more than seven countries, including Poland, Spain, Mexico, and India, with little or no credit history to access the credit funds and bank loans.

Entering the business in 2012, Kreditech quickly became one of the most reliable online lenders for the underbanked thanks to its proprietary credit scoring system based on online data, artificial intelligence, and machine learning.

With such enthusiastic plans to revolutionize the fintech industry, Kreditech needed a reliable development team to help them reach their goals. X1 Group built a big, skilled team that created the infrastructure required for maintaining a large, multi-language product line to accelerate entering new international markets and launching of new products.

»

The Testimonial

Alexander Graubner-Müller
Founder & CEO
The key factors for choosing to work with X1 Group were their in-depth industry knowledge, access to world-class talents, dedicated focus on our needs as well as their understanding for our business.

The development team X1 recruited for us helped us prove our business idea and had a strong contribution to the overall success of our company.

I am thankful to the entire X1 Group team and can highly recommend their services to every technology business.
Alexander Graubner-Müller
Founder & CEO
The key factors for choosing to work with X1 Group were their in-depth industry knowledge, access to world-class talents, dedicated focus on our needs as well as their understanding for our business.

The development team X1 recruited for us helped us prove our business idea and had a strong contribution to the overall success of our company.

I am thankful to the entire X1 Group team and can highly recommend their services to every technology business.

The Challenges

Building an engineering team
Headquartered in such a competitive market as Germany, where it's hard to recruit talent in the field of software engineering, Kreditech addressed us with the challenge to hire a medium-sized team of skilled and experienced backend and frontend developers.
Creating the ecosystem
Kreditech was looking for the team that could build the entire loan-issuing ecosystem from scratch. It included Loan-as-a-Service platform, integration with e-commerce platforms, adaptive web apps for an end-user, back-office application for collectors, etc.
Seamless integration
Kreditech needed a unique cooperation model, not the one many other outstaffing companies provide. They wanted a team that would identify with their company and maintain a certain amount of flexibility when additional engineering capacities are needed.

»

The Solution

X1 Group built a professional development team with experience in certain technologies, knowledge of the fintech segment, and willingness to create a market-changing lending platform. This complex, long-term project required a large and flexible team, which, at some point, reached 55 people, including full-stack, front-end developers (JavaScript, PHP, Go), back-end developers (Scala, Java), manual and automation QA specialists, and product managers.

The dedicated developers handled the back-end communication between the data-driven engine and the display interfaces. They participated in the development of Kreditech's lending platform that analyzes data from different sources, including location-based information, social networking information, hardware data, and general online behavior in order to access customer creditworthiness in a smooth and user-friendly way. Moreover, the team took part in the creation of Kreditech's localized products such as MonedoNow and Kredito24.
The Technologies

The Process

Our unique cooperation model implies the proximity of a team to the business and product and flexibility in operation management. Throughout our collaboration with Kreditech, we constantly adapted the processes adjusting to the complexity of the tasks, and a growing team needs to create a solid foundation for clarity, ease, and success. Initially, we formed a distributed team of three developers that quickly grew to 10 people because the model was working successfully and Kreditech was very happy with the results. Next, as the project scaled and the headcount doubled, it was split into several functional teams. Later, we established a few more co-located and distributed cross-functional, full-stack Agile teams.

This involved providing the resources to facilitate the development process. With the project evolution, we shifted to big domain teams (micro-loans, installment loans, customer care & collections, payments, etc.) At one point, our flexible cooperation terms allowed us to relocate a part of the team to HQ to improve the balance and efficacy.

The developers we hired fit in very well with Kreditech's in-house team, engaging effectively with the company and its goals. Regardless of the team composition, they were and are an integral part of the client team.
We built a dynamic, experienced, and flexible team.
The overall quality of engineering is high, and the team remains scalable if additional capacity is needed.
Our developers built a complete software stack, including a range of microservices, and introduced a set of innovative solutions and approaches that exceeded the client's expectations.

The Results

1
We established a fruitful partnership with Kreditech, demonstrating the high quality of deliverables from a team of developers and QAs that at one point counted of 55 people;
2
X1 Group helped Kreditech develop a market-winning product that received the largest investment of €110M from a single benefactor in the German fintech sector as a result;
3
Kreditech maintained full control over the team's workload, performance, and delivery, which helped the company reach its goals time after time;
4
Kreditech received a premium service and greatly benefited from the entire cooperation that is built on a creative relationship of trust.

»

Need more software engineers to develop your product?

Let's work together
Tell us more about your business needs to help us serve you better.
SERVICES
COMPANY
GET IN TOUCH
© 2008-2018 | All Rights Reserved. X1 Group
CLIENTS
[email protected]
+49 30 568 381 11

Headquarters EU
Potsdamer Platz - Kemperplatz 1
10785 Berlin, Germany

Development Center UA
Olesya Honchara, 2
61000 Kharkiv, Ukraine