Strategic partnerships are what helps us expand our own business and add value to the business of our FinTech clients.
Payment providers take a special place in our partnership strategy because any crowdfunding or online investment system we build relies on a failure-free work of a payment system: investor money management, payouts, KYC and AML checks, technical diligence, you name it.
We’ve recently partnered with Goji Investments – an FCA regulated investment platform and Innovative Finance ISA (IFISA) manager. In this article, we’ll explain what is so special about Goji and what difference it can make for your business based on a real case.
What is Goji
Goji launched in 2015 by a team of finance, operations and technology specialists. It works with direct lenders, investment managers and fintech firms, offering them the technology for investor onboarding, faster payments, white-label ISA and SIPP accounts. Goji currently manages approximately 12,000 accounts for a number of platforms with a dedicated team of Customer Services Executives available online and at the end of the phone.
What’s so special about it?
Unlike the majority of payment providers out there, Goji is tuned to work with crowdfunding and alternative finance firms. In fact, it’s not even a payment provider as we know it because it covers the areas where conventional PayPal or Stripe won’t work.
What’s more, HRMC has restricted the use of eMoney service providers to hold ISA funds.
IF ISA administration
The UK government introduced IFISA in 2016. It allows everyday, or retail, investors generate returns by investing money from their savings accounts. Even though certain limitations apply, innovative finance ISA is what can help you expand your investors’ pool and attract a younger audience, too.
With Goji, investors can manage their funds across many investment platforms and access the balance 24/7. A P2P or debt investment platform doesn’t have to take on the burden of managing accounts; Goji handles it all, including KYC and AML checks.
If you run a crowdfunding platform, you can integrate the whole platform offered by Goji or embed only the individual modules that cover the necessary functionality and fit your platform’s infrastructure.
With the help of an API, a platform can automatically distribute funds between the investors.
Short time to market
The technology that Goji offers is regulated and authorised by the FCA. There’s an expert operation team providing the leading-edge services which means that you don’t have to bother hiring an in-house squad of experts.
Security and data protection
A platform’s owner and investors can have peace of mind because money is safe with Goji as it runs in a Virtual Private Cloud. There’s no access to the databases from the internet except for the authorised Goji personnel. An AWS firewall protects the platform from malicious activity and blocks any potential threat.
Date: August 29, 2019
Source: Just Coded