Periodic Reporting for period 1 - GOIN (Development of a fintech saving and investment application based on data-driven learning algorithms and blockchain technology)
Reporting period: 2019-12-01 to 2020-05-31
Goin has tested this product in Spain with limited functionalities, reaching more than 20.000 users and more than 5M€ of accumulated deposits. In addition, Goin has started its process of internationalization to Italy. Within this feasibility study, Goin hopes to create the foundations to be
an exponentially growing company for national and international markets, taking advantage of the growth opportunity of the fintech sector, which expects a 20% annual growth in the upcoming years.
After SME H2020 phase 1, conclusions accomplished are:
• A better understanding about adaptions needed to be made to scale-up the app in different countries.
• A better understanding about the decision making process, stakeholders and key European targets markets.
• An updated Business Plan and product development roadmap. New app updates are carried with powerfull functionalities, as well as new collaboration agreements to expand
• Signups: + 34%
• HAUs Global: + 10%
• Funding Round closed : 5M €
• Team Growth: +60%