Build a serverless system using nothing but AWS services and a few lines of code. This simple, cost-effective, and scalable solution allows you to focus on the core business logic of your startup, rather than worrying about scaling and maintaining the underlying infrastructure.
By using Serverless on AWS to scale their infrastructure, the cinch team was able to focus their cognitive load on improving the platform, quickly release new features, and re-build existing ones based on real world customer insight. With their new architecture, cinch was able to pivot their business to the new model in 6 months, increase traffic by 2.5x (6,000 to 16,000 requests per minute), and reduce latency. They went from hundreds of cars sold within days, and grew by a factor of 100x within a few weeks.
The growing customer preference for software-as-a-service (SaaS) puts enterprise software startups in a rare position of advantage compared to established firms. AWS SaaS Factory invited Poojan Kumar, CEO and Co-founder of Clumio, to share the early successes and learnings from steering the startup that is disrupting a segment with numerous corporate behemoths.
In 2019, Dutch fintech startup Floryn started the process to obtain a PSD2 license to also provide customers with insights into their liquidity management and financial health and simplify the customer experience of requesting a business loan. Here’s how they leveraged AWS to do it.
Austin-based legal technology leader DISCO is on a mission to reinvent the practice of law through software by making lawyers more efficient in everything they do. Founded in 2013, it has revolutionized the way law firms and corporate legal departments operate, using technology and cutting-edge AI to analyze data quickly and free up resources for tasks that require legal judgment. DISCO provides a key competitive advantage in an industry where speed and accuracy are critical.
Originally starting out as a crypto exchange for the Central-Eastern-European region, Budap were soon facing waves of chargebacks that threatened the business. Unfortunately, by looking around the market we found most legacy companies operating in the risk tech space lacking. They were either prohibitively expensive for an upstart, requiring a long term commitment upfront or the integration process was to be slow and painful, and they often relied on stale data for risk scoring that was not appropriate for certain target markets. SEON was essentially founded to tackle all of these problems.
Based in Spain, fintech startup MONEI was founded in 2019 and recently won AWS’s Startup Architecture Challenge: Iberia, which comes with a prize of $25,000 in AWS credits. In its winning submission, MONEI’s CTO Dmitriy Nevzorov highlighted how building a 100% serverless architecture using AWS formed a central part of the company’s strategy, allowing it to focus on reliability and scalability and provide low-cost solutions to its customers.
LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders. Many of LoanStreet’s clients lend to small businesses and individuals, those most in need of funding from the Paycheck Protection Program (PPP) and unable to snag a piece of the initial $310bil.
Their clients were relying on them to get their loans funded. The only catch: a hard deadline of one week. Here’s how they did it.
Amenity Analytics Uses a Serverless-First Architecture and NLP to Break Down Text-Based Financial Data
Founded in 2015, Amenity Analytics offers advanced natural language processing technology that helps financial companies extract actionable insights from text at scale.
Creating a movie trailer takes time and most broadcasters and streaming platforms don’t have enough resources to do it. PromoMii, a UK startup, solves this problem with a unique blend of domain expertise and machine learning. Here’s how they do it.