Banksathi: Making the Process of Online Earning Hassle-free
With the GenZ and Millennials now doubling down on investments, there has emerged a need for financial advisors helping them make the best financial decisions.To meet these growing user needs, Banksathi was formed
Backed by $877K in funding and a recurring revenue count of $6 Million and growing, the multilingual finance app brings different financial experts - Loan Agents, Insurance Advisors, Ex Bankers, BFSI Professionals, and Wealth Advisors - together, to become financial advisors and earn in-app.
On a theoretical level, the application was a game changer, its implementation, however, narrated another story. When the Banksathi founders came to us they were struggling with bad user reviews on the stores around interface, lack of features, and the overall experience.
Our Part in Making Banksathi a Finance Industry’s Favorite
When the client came to us with their live application, they were seeking a solution around revamping their depreciated code. The first thing we did was install the application and look at the issues from their customers’ point of view. A quick runthrough plus a conversation with the clients cemented the role that we would play in Banksathi’s revamping journey.
Re-looking at the App’s Working
Refactoring Banksathi required us to look into the app’s working and offering. What we noted before initiating the work was that the app idea was truly unique and profitable. There was a demand among finance enthusiasts for an income application where they could earn through their financial knowledge.
At its base, Banksathi hosted a range of financial products for advisors to sell to leads. In return for every sale, they earned hefty commissions, which got multiplied when they referred someone to the app to become advisors. What made the app unique was - timely payouts, no limit on earning, in-app training around the products and making sales.
Identifying Challenges to Address Banksathi Reconstruction
- Complete code revamp.
- An upgraded push notification mechanism.
- Smart business analytics for users to track their growth and app admin to manage Banksathi
- An educational module where the users can enroll in courses around the financial products.
- Added SSL pinning technique to prevent unethical data transmission.
What made the app refactoring process possible was a blend of intuitive tools and the best minds working together.
1 Frontend developer
1 senior Android developer
1 senior iOS developer
1 tech lead
Working Towards Making Banksathi a Trusted Source of Income
It’s really very good application and I am loving using it because of the best features available for earning money online by selling financial products and I am really impressed with this aplication
It’s an excellent app to generate extra income without any investment. It has a potential to fulfil almost all your requirements about banking like Credit card, Personal loan, Demat account, Saving account and even emi cards as well. I really like this app and recommend all of you that if you generate income without investment than you should definitely use this app once.