ProjektuBanka: Latvian crowdfunding platform
Latvian entrepreneurs could raise capital through local and international payment methods.
The idea
ProjektuBanka is a crowdfunding platform helping Latvian entrepreneurs raise capital through the collective effort of friends, family, customers, and individual investors. International platforms didn’t serve the market well, with language, payment methods, and legal requirements as barriers. We built ProjektuBanka 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 payments Latvian bank integration for local transfers
- SEB bank payments Latvian bank integration for local transfers
- Paysera integration Baltic payment gateway supporting regional transactions
- Platform customization Configuration and adjustments to meet ProjektuBanka's specific needs
The result
A crowdfunding platform enabling 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.
