Fintech · Trade credit insurance
Invoice Insurance App
Bad debt protection insurance.
01
The product
Protecting businesses when invoices go unpaid
The platform brought trade credit insurance into the day-to-day flow of invoice finance.
It was designed to help businesses protect individual invoices against non-payment while working alongside invoice discounting and factoring facilities. Accounting data, credit-risk signals and policy activity had to stay connected so customers could make decisions without leaving the product.
02
The challenge
Move beyond the limits of the MVP
The existing product had reached the point where defects, architectural constraints and growing operational needs were slowing it down.
OpenGeeksLab joined the product team to stabilize the application, understand the existing system, add customer-facing capabilities and create a foundation that could support more integrations and higher transaction volume.
03
The solution
Reconnect the product, its data and its partners
The work combined a microservices architecture, product customization and third-party integrations. It also had to respect the relationships between the insurer, its customers, accounting platforms and external risk systems.
Restarting development
A deliberate path from fragile MVP to working product
The team worked iteratively: diagnose the system, rebuild the necessary foundations, validate each change and coordinate closely with the external insurance platform specialists.
- 01
Assess
Analyze the inherited product, identify failure points and map the integrations that could not be interrupted.
- 02
Rebuild
Rewrite key architectural elements and document how the system should behave as it evolved.
- 03
Integrate
Keep accounting data synchronized so invoices, credit signals and policy states stayed aligned.
- 04
Calculate
Use counterparty risk indicators to support credit scoring and insurance-price calculations.
- 05
Track
Follow invoices after cover was purchased and update policy status when an invoice was paid.
Product capabilities
New backend and frontend functions
- 01Accounting software integration
Connect source systems and keep account data synchronized.
- 02Invoice workflows
Create, import and customize invoices inside the platform.
- 03Flexible payouts
Support multiple payout routes around customer operations.
- 04Cash-flow forecasting
Turn connected invoice data into a clearer forward view.
- 05Accounts-payable risk
Surface counterparty risk within the working product flow.
- 06Broker operations
Add third-party broker support with fixed commission handling.
Scalability
Built for faster, higher-volume insurance workflows
The technical work focused on system scalability, speed and real-time data performance so a distributed trade credit insurance product could handle more activity without losing clarity.
Angular 
Codat 
Webhooks 
Socket.IO 
AWS 
Docker 
GitLab CI 
MongoDB 
Amazon Elasticsearch Service Delivery snapshot
A small core team that expanded with the work
Project outcomes
A more capable platform with room to grow
The delivered improvements made the product easier to operate, extended customer workflows, supported customer growth and helped the business scale into additional markets.
Modern platform strategy
How we would approach a similar product today
The business problem still comes first: reliable financial data, explainable risk workflows and an operational model the team can control.
For a comparable platform now, we would add modern observability, automated security and quality checks, incremental modernization, and carefully evaluated document or risk-assistance workflows only where they deliver measurable value.
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