From Idea to $2M Funding in 6 Weeks
How we helped SecureBank transform their banking startup vision into a compliance-ready MVP that secured Series A funding, serving 10,000+ users with zero security incidents.
Executive Summary
SecureBank approached XYZBytes with an ambitious goal: develop a compliant banking MVP within 6 weeks to present to Series A investors. The fintech sector had seen $33.7 billion in global funding during 2024, with median Series A deals reaching $4 million valuations between $49-50 million.
Our team delivered a comprehensive mobile banking platform using React Native and Node.js, achieving PCI DSS Level 1 compliance while maintaining the rapid development pace required for the investor timeline. The platform successfully onboarded 10,000 users in the first 90 days post-launch and secured $2M in Series A funding.
The Challenge
Client Background
SecureBank was a stealth-mode fintech startup founded by former JPMorgan executives with a vision to create a mobile-first banking experience for Gen Z and millennial consumers. They had initial seed funding but needed a working MVP to secure Series A investment.
Market Opportunity
With only 272 neobanks worldwide serving a market projected to reach $2,078.54 billion by 2030, SecureBank identified a significant opportunity in the underserved mobile banking segment.
Key Challenges
- Regulatory compliance (KYC/AML)
- Real-time transaction processing
- Mobile-first banking experience
- Security architecture implementation
- Third-party API integrations
- Rapid investor timeline
Technical Solution
Architecture Decisions
We chose React Native for cross-platform mobile development, reducing development time by 40% while maintaining native performance. The Node.js backend provided real-time transaction processing capabilities essential for modern banking.
Security Framework
Implemented end-to-end encryption, biometric authentication, and achieved PCI DSS Level 1 compliance. All sensitive data encrypted using AES-256 with secure key management through AWS KMS.
Technology Stack
- React Native for cross-platform development
- Node.js backend with Express framework
- PostgreSQL with Redis caching layer
- AWS infrastructure with auto-scaling
- Auth0 for enterprise authentication
- Plaid for banking API integrations
Implementation Process
Architecture & Compliance Setup
Established security architecture and regulatory framework
Core Banking Features
Implemented account management and transaction processing
Testing & Launch Preparation
Comprehensive testing and investor demo preparation
Results & Impact
Business Outcomes
- $2M Series A funding secured within 6 weeks
- 10,000+ users onboarded in first 90 days
- Zero security incidents to date
- 99.9% uptime with sub-3-second response times
Technical Achievements
- PCI DSS Level 1 compliance certification
- 4.8-star App Store rating
- 25% week-over-week user growth
- 50+ NPS score from early users
"XYZBytes didn't just build our MVP – they architected our future. Their deep understanding of fintech regulations and rapid development capabilities gave us the confidence to present to investors knowing we had a truly enterprise-ready platform."
Ready to Build Your FinTech MVP?
Let's discuss how we can help you navigate regulatory requirements and build a funding-ready platform in weeks, not months.