Fintech Investment Services News

Praxent Supports Endex in Launching Social Investment Platform

Praxent Supports Endex in Launching Social Investment Platform
Praxent develops prototype to help investtech startup raise capital and accelerate launch

Praxent, a fintech design and engineering partner to financial companies, announced that it has supported Endex by accelerating the product development and path to fulfillment for the Gen Z-founded startup.

.@Praxent, #fintech design & engineering partner for #finserv companies, helps Gen-Z founded start up @EndexApp launch social investment platform #investtech

Endex is a social investment platform that facilitates the convenient creation, publication and investment in custom peer-managed portfolios. It has a social component that allows retail investors to learn from and emulate investment strategies. Working with Praxent, Endex founders were able to quickly bring their concept to a workable prototype, which served as a proof of concept for early investors and allowed for a smoother product development cycle, expediting the company’s path to market.

Latest Fintech News: CoinShares Makes Further Strategic Investment In FlowBank To Enhance Its Integrated Strategy

Endex founders first approached Praxent when they needed to raise capital pre-launch but lacked a way to demonstrate their concept. iPhone mockups were not enough for today’s competitive fintech investors. They considered using an offshore company to create a functional demo but didn’t want to wait the months that would require. Praxent was able to design and develop a clickable prototype in just four weeks – and included an app map, wireframes and style guide to help tell their story.

“We were impressed with Praxent’s deep fintech experience and understanding of what we were trying to accomplish from day one,” said Brittany Wright, CEO and co-founder of Endex. “Praxent helped us work through and optimize the design and user journey, translating our idea into something tangible. The prototype allowed us to jumpstart our fundraising, which is critical to any launch. Plus, their frontend design work streamlined the development of the app, getting us to market faster than expected.”

Praxent’s team worked closely with Endex’s founders, helping them create an intuitive user experience from the first stage and create a strong, compelling brand identity. Feedback from investors and prospective users has been overwhelmingly positive. Plus, the prototype paved the way for Endex to be accepted into an accelerator, secure additional funding, pursue influencer collaborations, and strengthen brand awareness.

Download our top whitepaper: Building Reliable and Secure Fintech Systems in 2022

“People are taking their finances into their own hands, making the Endex vision for connection and collaboration timely and in demand. I’m glad we could help them with the early steps they needed to make this goal a reality,” said Tim Hamilton, CEO of Praxent. “By working with us to design and develop a seamless, modern experience, Endex has been able to take a significant step forward in preparation to launch. Since the development of the prototype, the company has been able to raise money, grow their social media presence and even explore integrations with larger brokers.”

Endex public beta launched on the Google Play Store and the App Store on March 1st and is already seeing the creation of over 30 custom indexes with various themes, ranging from tech to ESG to women-led companies and more. Endex plans to expand upon their initial offering and roll out additional features in the coming weeks such as premium features, monetization and additional brokerage integrations with Robinhood, Webull and more, before launching the full release in May. In the meantime, users can connect with like-minded investors, create and copy custom indexes, and earn rewards exclusively for beta users.

Related posts

Envestnet | Yodlee Launches COVID-19 Income and Spending Trends

Fintech News Desk

Simpl Appoints Vivek Pandey as Vice President – Engineering to Augment the Vertical

Fintech News Desk

ConocoPhillips Announces Development of the Willow Project in Alaska

Business Wire