Fintech Platform

Introduction

Honeycomb Credit unlocks growth opportunities for small businesses to build vibrant and financially empowered communities. It allows great local businesses to source expansion loans from their own loyal customers and the Honeycomb network of investors. Businesses get access to fair credit, while investors can now invest locally while supporting their favorite small businesses.

The Story of Honeycomb 🤘

As a sixth-generation community banker, CEO of Honeycomb George Cook 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. In Kansas City, co-founder Ken Martin was struggling to get capital for his juice shop, despite his financial background. George and Ken put their heads together—and Honeycomb Credit was born.Today, Honeycomb is a team of small business owners, finance professionals, bloggers, and food enthusiasts. What connects their diverse interests are a shared passion for community and a strong belief in the power of Main Street.

The Challenges the Customer Faced

Honeycomb Credit came to Carbonteq at a time when they had achieved a product market fit. At this point, they were ready to scale rapidly but were relying on a 3rd party platform to collect investments. The major pain points they had were:

Why Honeycomb Chose Carbonteq

They came to know about Carbonteq through a referral from a mutual contact. From their conversation with the team, they concluded that Carbonteq had a great drive to work, and an ability to think about things/problems logically and they did not let speed bumps become brick walls.

How Carbonteq Responded

Carbonteq not only addressed the main pain points of Honeycomb Credit but also provided them consultancy based on the technological expertise we had to develop more features that would make many aspects of their business process to be carried out systematically and over the web, all in a matter of weeks. Those features helped to boost their business by allowing them to handle large workloads and earn the trust of their customers. In summary, Carbonteq made these things possible for Honeycomb Credit and addressed the following issues mainly:

62%

New Investors

330%

Active Campaigns

70%

Succesful Campaings

The Results 🎯

Carbonteq added a great amount of value apart from their basic role of coding or developing a product for Honeycomb Credit.

The Director of Product at Honeycomb very kindly said:
Joe Lipple
Director of Product
5.0

“Team Carbonteq, 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!”

The Director of Product at Honeycomb very kindly said:
Joe Lipple
Director of Product
5.0

“Team Carbonteq, 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!”

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