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GreenBax

GreenBax Marketplace is a financial technology platform designed for businesses in the alternative wellness product sector and financial institutions. Volya Technologies developed two web applications focused on improving performance, streamlining banking operations, enhancing the user experience, and increasing financial efficiency.

IndustryFinancial Services
DurationOngoing
Team6 members
Services
  • Full-stack engineering for two web applications
  • No-code testing implementation (Testlum)
  • CI/CD pipeline reconfiguration
  • Project management
Technologies
  • Angular JS
  • Golang
  • PostgreSQL with GORM ORM
  • Gin-Gonic
  • Microsoft Azure
  • Testlum

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GreenBax Marketplace is a FinTech platform specializing in financial services for the alternative wellness product sector since 2017. They provide solutions like unlimited deposits, electronic payment processing, mobile banking, and merchant services, all insured by the NCUA. GreenBax simplifies banking for businesses in the alternative wellness product sector, enabling efficient management and growth of enterprises in a highly regulated market.

Challenge

Key challenges included:
Developing two web applications from scratch to support complex financial transactions.
Handling high transaction volumes without performance degradation.
Aligning development with the client’s team for continuous feature delivery.
Ensuring reliability of financial features like payments and deposits.
Meeting strict compliance requirements for NCUA-insured financial services.

Solution

Business goals:
Leveraged Angular JS
Leveraged Angular JS for intuitive frontends and Golang with PostgreSQL for robust, secure backends, ensuring seamless financial operations.
Implemented caching mechanisms
Implemented caching mechanisms to reduce database queries, enabling the application to process more simultaneous requests efficiently.
Reconfigured CI/CD pipelines
Reconfigured CI/CD pipelines and adopted agile sprints, fostering transparent collaboration and faster feature rollouts.
Utilized Testlum
Utilized Testlum for codeless automated testing, validating UI, APIs, and transaction integrity across diverse scenarios.
Built secure, compliant systems
Built secure, compliant systems using Golang’s Gin-Gonic framework and Microsoft Azure, ensuring data protection and regulatory adherence.

Business value

Rapid Feature Delivery
Delivered two fully functional web applications with features for unlimited deposits, electronic payments, and mobile banking, enabling GreenBax to meet market demands swiftly.
Increased Customer Base
The intuitive interface and reliable financial services attracted new alternative wellness product operators, expanding GreenBax’s user base significantly.
Higher Profitability
Optimized performance and streamlined payment processing reduced operational costs and increased transaction throughput, boosting revenue.
Improved Brand Recognition
A polished, user-friendly platform strengthened GreenBax’s reputation as a trusted FinTech provider in the cannabis industry.
Smoother Collaboration
Agile sprints and transparent CI/CD pipelines improved alignment with the client’s team, ensuring efficient development and clear progress tracking.
Scalable Financial Infrastructure
The Golang-based backend with caching and Azure hosting provided a scalable foundation, supporting thousands of concurrent transactions securely.

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