Projektu Banka: Latvian crowdfunding platform
The platform let Latvian entrepreneurs raise capital through local and international payment methods.
The idea
Projektu Banka: a crowdfunding platform helping Latvian entrepreneurs raise capital through the collective effort of friends, family, customers, and individual investors. At the time, international platforms served the market poorly, with language, payment methods, and legal requirements as barriers. We built Projektu Banka using Neighborly.com, an open-source crowdfunding product on Ruby on Rails.
What we built
The main features of Neighborly.com were largely out-of-the-box, so we focused on integrating locally relevant payment gateways.
- FirstData integration Credit card payment processing for backers and project creators
- PayPal integration International payment option for a broader user base
- Swedbank and SEB payments Latvian bank integration for local transfers
- Paysera integration Baltic payment gateway supporting regional transactions
- Platform customization Configuration and adjustments to meet Projektu Banka's specific needs
The result
The platform enabled Latvian entrepreneurs to raise capital effectively. The integration of five payment gateways made it accessible to a broad user base, from local bank transfers to international payments. The platform supported transactions and made it easy for entrepreneurs to receive funding from various sources.
The IT House team didn't just do their job well. They took the time to understand the essence and vision of the product, from the first idea all the way to launch.
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