Allowing FinTech Start-up, Rivet Labs, to Effortlessly Scale Up Software Resources

Founded in 2017, Rivet Labs is an automation/workflow software provider based in New York. The company’s software is promoted as the “strategic toolkit for capital productivity”. Rivet Labs’ automation software develops recurring revenue and cash forecasting applications. This lets finance managers and controllers automate work, uncover hidden opportunities and errors in financial data. It also allows managers to make better revenue and cash predictions.

Rivet Labs’ predictive intelligence and automation software is designed to optimise and grow working capital through machine learning. The company’s software uses machine learning to detect patterns which are then used in developing recurring revenue and cash forecasting applications. The software easily captures manual workflows and forecasts predictions using statistical techniques.

This enables finance managers to reduce errors by first identifying quality issues such as duplicate records or inconsistent values.

Key Takeaways

Founded
In 2017 by Nikhil Bharadwaj and Varun Vasudev
Machine Learning
The software uses machine learning to detect patterns which are then used in developing recurring revenue and cash forecasting applications
Headquarters
The company is headquartered in New York City
Predictive Intelligence
Rivet Labs’ predictive intelligence and automation software is designed to optimise and grow working capital

Building Rivet Labs’ Software Development Team

In 2020, Keeper Solutions and Rivet Labs entered into a software development partnership. This was designed to help RivetLabs to effortlessly scale their software capabilities. As the company continued to grow, Rivet Labs needed to build their team quickly and with the minimum of fuss. Keeper’s fixed-price managed service was designed with this exact objective in mind.

Keeper’s managed service model allows companies to scale up development capacity in a low risk manner. It is most suitable for companies with a consistent stream of work over an extended period.

The managed service model allows the core team to focus on its strategic objectives, while Keeper’s team of developers works on building and bolstering products.

About the Project

2020
The engagement commenced in 2020
Software Development Team
Keeper provided a lead full-time back-end developer, a part-time front-end developer and a second full-time mid/senior FE developer. The project was overlooked by our service delivery manager
Tech Stack
Java 11, JAX-RS (Jersey), PostgreSQL, Angular 7, Python 3.6.9

Bolstering Rivet Labs’ Software Development Capabilities

Keeper initially provided Rivet Labs with a lead full-time back-end developer and a part-time front-end developer. Not long after this, Keeper Solutions identified and allocated a suitable full-time mid/senior FE developer. Keeper Soltuion’s service delivery manager managed all aspects of the project. This included setting up all workers and keeping a watchful eye on all developments. Our service delivery manager allowed us to scale operations in a reliable, predictable manner as the project progressed.

For scaling start-ups, finding the right talent is always a challenge. With Keeper’s managed service solution, Rivet Labs was able to build an outstanding team quickly and efficiently.

Keeper Solutions and Rivet Labs continue to work together to this day.

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