Overview
Team
4 software developers
1 QA engineer
1 UI/UX designer
Platform
Mobile app
Country
Ukraine
Industry
Fintech
Services
Mobile app development,
UI/UX design, QA and testingTime
June 2021 - ongoing
About the client
Multi platform is a part of a leading fintech company in Ukraine - Treeum - that reshapes the way people approach money. It devises innovative solutions that remove traditional barriers, digitize financial operations, and act as an intermediary between customers and financial institutions. Treeum is a holding company of the most renowned brands in Ukraine in the B2C segment (specialized resources - Multi and finance.ua) and B2B (financial partner network - Finline, and Bank Online events).
Project idea
Multi Currency Rates app is a disruptive fintech solution for mobile platforms that allows users to monitor the changes in currency exchange rates in real time. It also helps customers find the best currency exchange deals at banks and offices nearby, keep track of different currencies’ dynamics, as well as trends on the cryptocurrency market. What’s more, the fintech app functionality enables users to convert any pair of currencies and get an up-to-the-minute result with just a few clicks.
Story
Since 2008, Treeum’s goal has been to deliver top fintech software products that digitally transform how people deal with financial operations. They started with the Multi platform, a Ukrainian web portal about finances and investments, which after two months of its existence was gathering 5000 visitors a day. Now the company has more than 300 workers and Multi is a leader among financial resources with millions of users each month.
The Multi platform provides information about main events in the economy, up-to-date currency exchange rates, and helps customers find the most advantageous deals at banks, such as deposits, credits, and insurances.
In order to make currency exchange more accessible and improve this experience for customers, Treeum has engaged Apiko’s software development services to launch a Multi currency app. Since 2021, our team has been working on the project to bring about a React Native application with the necessary features to simplify and digitize currency exchange processes. We’ve already released an MVP version of the app and now continue expanding its functionality.
Challenges & solutions
See the challenges, and solutions we’ve offered to our clients- Build a React Native app with currency exchange rates and an online converter
- Create an intuitive and highly functional UI/UX design focusing on users’ needs
- Develop an MVP version of the app with the fundamental features to release and start validating the business idea as soon as possible
Main features
We helped to deliver the following features
On the main screen, you can see the average currency exchange rates at Ukrainian banks, also the average rates at currency exchange offices, Interbank, and National Bank of Ukraine. By swiping left and right, you’ll see the rates at which your main currency can be exchanged for any other currencies selected by you in the settings.
The exchange rate dynamics is also available in green or red color, depending on whether the rate goes up or down. The data is constantly updated and you can see the time when the last update was right there on the screen.
By clicking on the currency exchange rate and trends, the user gets access to a detailed graph with exchange rate dynamics. The graph shows two tendencies of prices for selling (a red curve) and buying (a green curve) the selected currency. The user can choose a period and source of the provided data such as:
Periods
- A week
- A month
- A quarter
- A year
Sources
- Interbank
- National Bank of Ukraine
- Currency exchange offices
- Banks
In the upper right corner of the screen, the user can go to the settings and update their preferences as to the:
Language of the interface.
Region. There is a selection of all Ukrainian cities, which you can choose to become your default region. Also, the app uses geolocation services to determine the user's location and set it automatically.
The quote currency. The currency which is sold.
Selected base currencies. Here the user can choose up to 10 currencies, which exchange rates they want to see on the main screen, as well as change the order in which they are displayed.
In this block, users can view the currency exchange rates in different banks and offices in Ukraine. The banks and offices are sorted according to the best rates for buying or selling the currency, and the user can change how to view them. In the list you can also see list the details about each bank or the office, such as which ones are closer to you, their addresses, phone numbers and working hours to make the most profitable deals.
In the Multi fintech app, there is also an online currency converter which enables users to calculate in just a few clicks how much it costs to exchange a certain amount of one currency for another.
You can easily change the currency, the sum of money you want to convert, and instantly view how much you will get based on the average rate. On the screen you are also able to see:
- Currency exchange rate that has been applied to calculate the final sum
- Time of the last data update
- The list of banks and the sum of money they can offer you according to their rates for the amount you want to exchange
The app functionality consists of a Google map and filters to choose currency and type of currency exchange institutions. Initially, the map shows the rates at the banks and offices, which are the nearest to the user’s geolocation. By tapping on the bank icon, you can see all of its contact details.
On the cryptocurrency screen, you can search for any cryptocurrency, view their worth and exchange rates, as well as monitor the detailed dynamics of their change. There is also some more important information available to track such as capitalization, hourly, daily, and weekly trends of the cryptocurrency needed to make informed decisions.
In order to always stay up-to-date with the quickly changing trends, the Multi app has a must-have feature - a currency exchange rate widget that can be added to your phone. You don’t even need to open the app anymore to monitor if the rate goes up or down and whether it’s a good time for an exchange.
Integrations
We’ve integrated the product with the following services