Google Cloud Platform > Case Studies > Billie: Leveraging IoT for Secure and Efficient Fintech Infrastructure

Billie: Leveraging IoT for Secure and Efficient Fintech Infrastructure

Google Cloud Platform Logo
Technology Category
  • Infrastructure as a Service (IaaS) - Cloud Computing
  • Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
  • Cement
  • Construction & Infrastructure
Applicable Functions
  • Sales & Marketing
Use Cases
  • Construction Management
  • Infrastructure Inspection
Services
  • Cloud Planning, Design & Implementation Services
About The Customer
Billie is a German fintech startup that provides online invoice factoring services to its customers. The company helps businesses advance payments for their outstanding invoices, thereby securing their cash flow and keeping operations on track. As an independent company, Billie had to obtain its own operating license from the German financial authorities. The company is committed to delivering more stability and security to gain the trust of their clients. To maximize competitiveness, Billie built a stable, scalable platform from scratch with the flexibility to adapt to market conditions.
The Challenge
Billie, a German fintech startup, offers online invoice factoring services to its customers, helping them to advance payments for their outstanding invoices. As an intermediary in handling payments, the company faced the challenge of ensuring utmost reliability and security. Unlike its competitors who operate as subsidiaries of large, established firms, Billie operates independently and had to obtain its own operating license from the German financial authorities. The company needed to build a stable, scalable platform from scratch that could adapt to market conditions and gain the trust of their clients. The challenge was to create a platform that was not only secure but also capable of scaling quickly and efficiently.
The Solution
Billie chose to build its solution on Google Cloud Platform. With the help of Google Cloud Platform's managed services and intuitive interfaces, Billie’s team of seven engineers were able to set up their solution in just five months. The company used Google Cloud Storage to run a daily one-way automatic synchronization with a data repository, ensuring that backups were constantly on-hand in the event of a cyberattack. Only designated team members could access the repository through their Google Workspace accounts. The company also used auto-scaling Compute Engine instances with Container Registry and easy synchronization of data through Cloud Pub/Sub to deliver a highly reliable, well-integrated system for handling constantly updated payment information. Furthermore, Billie used Google BigQuery to collate data from highly heterogeneous data sources to evaluate the efficiency of its digital and offline marketing. This helped the company identify potential clients for its services and produce targeted advertising.
Operational Impact
  • The use of Google Cloud Platform has enabled Billie to build a more secure and reliable infrastructure. The platform's managed services have freed up Billie’s DevOps department to focus on innovation. The company has been able to experiment with a range of Google Cloud Platform products, learning through experimentation and finding the best fit for their needs. The speed with which data models based on Google BigQuery can be adjusted has allowed Billie to keep its acquisition price per customer low, demonstrating a flexible, experimental approach to growth. Looking ahead, Billie plans to expand its services to other countries with new products able to operate without any UI, thanks to APIs that will provide services such as automatically processing large numbers of invoices.
Quantitative Benefit
  • Billie was able to set up their solution in just five months with a team of seven engineers.
  • The company achieved exponential growth with the highly scalable platform built on Google Cloud Platform managed services.
  • Billie was able to secure reliability with multiple data repositories and one-way synchronization.

Case Study missing?

Start adding your own!

Register with your work email and create a new case study profile for your business.

Add New Record

Related Case Studies.

Contact us

Let's talk!
* Required
* Required
* Required
* Invalid email address
By submitting this form, you agree that IoT ONE may contact you with insights and marketing messaging.
No thanks, I don't want to receive any marketing emails from IoT ONE.
Submit

Thank you for your message!
We will contact you soon.