EndorsedendorsedOngoing

Peer-to-Peer Lending Platform Development

Services Covered:

Custom Software Development • API Development • Software Maintenance and Support
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Industry
Industry

Financial Services

Duration
Durationinfo-circle

96 months

Budget
Budget

200K - 999K

Start Date
Start Date

1 January 2010

Team Size
Team Size

1-5

Engagement Model
Engagement Model

Offshore

Project Capability Score (PCS)

gauge meter
78/100
Good

Project Capability Score (PCS) estimates how capable Virtueinfo Soft Web PVT LTD is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS


Client

Vertaislaina

mapTurku, Finland

Project Summary

Virtueinfo built an automated peer-to-peer lending web platform that handles deposits, loans, money transfers, invoicing, messaging and credit checks. The system was built on Linux servers using PHP and MySQL, and the vendor created APIs for payments, email and SMS. The agency helped bring the product to market quickly and continues to provide ongoing feature development, bug fixes and support.

Key Challenges

  • Build a peer-to-peer lending marketplace since no off-the-shelf solution existed.
  • Automate core lending processes including deposits, loans, payments, invoicing, and credit checks.

Project Deliverables

  • Web-based P2P lending marketplace platform
  • Payment and credit-check APIs
  • Email and SMS invoice/notification APIs
  • Server-side updates and maintenance
  • Linux/PHP/MySQL backend

Project Solution

Virtueinfo built a web-based marketplace where users can lend and borrow money, handling investor deposits, borrower loans, transfers, invoices and reminder messages. They created APIs for payments, email invoices, SMS notifications, and credit checks, and implemented the backend on Linux servers using PHP and MySQL. They also performed ongoing server-side updates and feature work.

Project Outcome

  • Delivered a working product and brought it to market quickly.
  • Provided ongoing feature development and rapid issue resolution.
  • Improved communication and project processes over time.

Platforms

  • WebWeb
  • API/Integration PlatformAPI/Integration Platform

Tech Stack

  • PHPPHP
  • MySQLMySQL
  • LinuxLinux

Client Endorsement

Overall Review Rating

4.25star4 out of 5 stars

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Utilizing flexible methodology and speedy problem-solving, Virtueinfo brought the product to market quickly. The agency is always available to address problems, fulfill new requests, and improve the platform through bug fixes and feature updates. Dedication and efficiency are their strongest suits.”

Tuomas Talola

Founder

Note: This endorsement is based on publicly available client feedback from external review sources.

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