UK-based digital currency startup developed and deployed mobile app
in under four months using Progress Kinvey
BEDFORD, Mass.--(BUSINESS WIRE)--Oct. 23, 2018--
Progress (NASDAQ:
PRGS), the leading provider of application development and digital
experience technologies, today announced that Cashere,
a pioneering digital alternative to traditional currency exchange
businesses, has leveraged the Progress®
Kinvey® platform to create a groundbreaking mobile application for
international currency exchange. With the technology, the company was
able to bring the app to market in under four months.
Exchanging currency when travelling abroad can be costly and
time-consuming. There are locations with a limited number of ATMs, and
international debit cards aren’t always accepted. To make it easier for
tourists to exchange currency without extensive fees, Cashere created a
mobile app that connects tourists who need local currency with local
businesses who have excess cash.
Since Cashere’s founders had no backend development experience, they
needed a self-service platform to help them quickly and effectively get
the app to market. They chose Progress Kinvey, the cloud-based high
productivity application development platform for quickly and easily
building mobile apps. With Progress, Cashere’s team focused on the
innovation and user experience of the app instead of spending time on
the application backend services and infrastructure, and they were able
to get the app to market, from concept to launch, in just six months.
“When the idea of Cashere was born, we knew we needed to get to market
quickly, but we needed a robust and scalable cloud platform, and one
that would make it easy for our frontend team to create an amazing user
experience,” said Jabir Saleh, co-founder, Cashere. “Progress Kinvey is
based on the most modern technologies, is easy to use, has great
tutorials and is up to date with the latest iOS and Android features.
With it, we were able to quickly get a no-compromise app to market
incredibly rapidly, and it has been an incredible platform for our
business. In fact, we saw an almost 70% cost savings compared to if we
had to build the backend from scratch.”
Members of the Cashere team wanted to find a robust and scalable cloud
platform that they could just plug into. Launched July 1, 2018, the
Cashere app handles all backend processes and charges customers through
a payment gateway. It then transfers this payment cross-border at a low
cost using currency aggregators. The process created through the app
results in complete transparency, greater convenience for tourists, and
high upside for local businesses.
“Progress Kinvey empowers organizations to accelerate their app
development efforts without compromise on enterprise readiness or user
experience. In today's digital world, time to market of new apps is of
critical importance,” said Dmitri Tcherevik, CTO, Progress. “We are
proud that Kinvey enabled the Cashere team to give life to their idea
and quickly turn it into a real business using their existing developer
skills."
Additional Resources
About Progress
Progress
(NASDAQ: PRGS) offers the leading platform for developing and deploying
strategic business applications. We enable customers and partners to
deliver modern, high-impact digital experiences with a fraction of the
effort, time and cost. Progress offers powerful tools for easily
building adaptive user experiences across any type of device or
touchpoint, award-winning machine learning that enables cognitive
capabilities to be a part of any application, the flexibility of a
serverless cloud to deploy modern apps, business rules, web content
management, plus leading data connectivity technology. Over 1,700
independent software vendors, 100,000 enterprise customers, and two
million developers rely on Progress to power their applications. Learn
about Progress at www.progress.com or
+1-800-477-6473.
Progress and Kinvey are trademarks or registered trademarks of
Progress Software Corporation and/or one of its subsidiaries or
affiliates in the US and other countries. Any other trademarks contained
herein are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181023005139/en/
Source: Progress
Progress
Kim Baker, +1 888-365-2779
pr@progress.com
