Splint Invest
Splint is a platform that enables you to buy digital shares in alternative investments. We want to make this type of investment accessible to a broader audience. Because until now, it’s mainly wealthy people who can afford to invest in things like barrels of whiskey or luxury watches. You can buy Splints starting from as little as €50.
Background story
Retail investors are looking for financial freedom and portfolio diversification but cannot access attractive and reliable alternative assets easily and corresponding with their portfolio size. Splint invest decided to fill in this gap by creating a product that allows retail investors buy and trade tokens of alternative assets, starting with 50 eur.
The unique approach using data and artificial intelligence to screen and select investment assets allows Splint Invest to optimize the return for the customers. Additionally the processes are fully automated. Like this, Splint Invest can offer the services at significantly lower cost compared to other platforms. The app has been available in app stores since November 2021.
SCRUM Team, Roles and Responsibilities
The client was looking for a reliable technology partner to deliver the MVP version and possibly continue with further development. The products include an app for investors and a platform for suppliers. Splint Invest came to us with a very clear vision of what they want to achieve during defined. We shared the responsibilities in the following way:
Key product features
After launching the MVP version of the product and testing real users, we kept working on product UX and feature improvements. Key product components include:
Logging in using your social media accounts has become a convenient and efficient way to access various platforms and services. With just a few clicks, you can effortlessly connect to a multitude of websites and apps, eliminating the hassle of creating new accounts and remembering multiple usernames and passwords
In order to participate in investment activities, a user has to undergo a KYC process. The client chose to use Onfido integration, a technology that allows Splint Invest to verify users’ identity using a photo based identity document, a selfie and AI algorithms, making the process extremely easy and fast.
Users can find investment opportunities across a range of different categories including wine, whiskey, watches and many more. Individual investment page presents extensive information about the investment, including the investment case, maintenance and cost, related documents and other details - everything an investor needs to know in order to make a decision.
A user is able to add a new card, top up Splint account and use the balance for Splint purchases. The balance can also be easily withdrawn using your IBAN.
Provides the investment summary and lets users track their investments by category, their performance and market value.
Post MVP development highlights
Splint Invest team after introducing the app to the market, continued with further developments:
Technologies and tools
