Introduction
Small businesses are given access to lucrative expansion through Honeycomb Credit, enabling them to create thriving, prosperous communities. It enables excellent community enterprises to obtain loans for expansion from their devoted clients; and the Honeycomb investment network. Business owners now have access to fair lending, and investors can now make local investments in their preferred small firms.
The Story of Honeycomb
George Cook, CEO of Honeycomb, is a sixth-generation community banker who grew up in Western Pennsylvania and saw firsthand how the disappearance of community banks was limiting small business owners from getting the loans they needed to make their businesses thrive. Despite having a financial background, co-founder Ken Martin in Kansas City; was having trouble obtaining funding for his juice bar. Honeycomb Credit was created as a result of George and Ken’s collaborative efforts. Today, Honeycomb is a group of entrepreneurs, financial experts, bloggers, and foodies. Their disparate areas of interest are tied together by a love of community and a firm conviction in Main Street.
The Challenges the Customer Faced
When Honeycomb Credit contacted devFoxie, their product and market fit had already been established. They were ready to scale swiftly at this time, but they were using a platform run by a third party to raise money.
Their main areas of suffering were:
- The average time to was too high.
- Very limited options to provide a customized experience and proper branding
- User experience was suffering
- Limited visibility, most of the work force was manual
Why Honeycomb Choose devFoxie
Through a recommendation from a mutual contact, they learned about devFoxie. They deduced from their conversation with the team that devFoxie had a strong work ethic, the capacity for rational thought, and the ability to avoid turning speed bumps into brick walls.
How devFoxie Responded
In a matter of weeks, devFoxie developed additional features that would enable many aspects of Honeycomb Credit’s business process to be carried out methodically and online, in addition to addressing the key areas that were problematic for Honeycomb Credit. By enabling them to manage heavy workloads and win their clients’ trust, those characteristics contributed to the growth of their firm. In a nutshell, devFoxie enabled Honeycomb Credit to do these things and primarily addressed the difficulties listed below:
- Substantially enhanced user experience
- Minimized average time to invest
- Automation of the workforce resulted in time and effort savings as well as more alternatives for branding
The Results
Apart from the main task of coding or developing a product for Honeycomb Credit, devFoxie significantly improved the situation.
The extremely gracious Honeycomb Director of Product stated:
“Team devFoxie, Thank you so much for the time, dedication, and effort in building the amazing platform that we have today. We are so appreciative of all that you do, our solid partnership, and the lessons in Urdu. Nonstop forward progress!”
