Honeycomb Credit

Honeycomb Credit has emerged as a leading crowdfunding platform in the United States, uniquely positioned to revolutionize how local businesses secure funding. With a remarkable user base of over 10,000 clients and an impressive annual revenue of $4.5 million, Honeycomb Credit exemplifies innovation in the financial technology sector. The platform's mission is to bridge the gap between small businesses seeking expansion and a dedicated customer base willing to support these ventures through direct investments.

The primary challenge was to create a crowdfunding platform that not only simplifies the investment process but also offers varied and flexible funding options to businesses. Additionally, the platform needed to cater to a diverse range of investors, from individuals with modest means to those capable of making significant contributions.

Diverse Campaign Types Honeycomb Credit introduced four campaign types—Debt, Equity, Rev Share, and Convertible Note—allowing businesses to tailor their fundraising efforts to their specific needs and enabling them to run multiple campaigns simultaneously.

User Categories for Investment To accommodate varying investment capacities, two user categories were established: Normal users, with a $2,500 monthly investment limit, and Creditor users, who have a robust income history, allowing them unrestricted investment capabilities.

Seamless Payment Integration Leveraging the Dwolla API for bank integrations and introducing the proprietary Honeycomb wallet, the platform offers users flexible and convenient payment options, streamlining the funding process for both investors and businesses.

The success of Honeycomb Credit relied on the strategic integration of cutting-edge technologies and APIs, such as the Dwolla API for seamless bank transfers and the development of a secure, proprietary digital wallet. These technological choices ensured a smooth, user-friendly experience, fostering trust and engagement among its users.

Honeycomb Credit stands as a testament to the power of community-driven financial support, successfully facilitating meaningful growth for local businesses while offering investors a chance to contribute to their local economies meaningfully. The platform's innovative approach to crowdfunding has not only democratized access to capital for small businesses but also redefined what it means to invest locally, creating a sustainable ecosystem of growth and mutual benefit.

Tech Stack

React.js, Next.js, Ant-Design, SASS, Google Analytics, Google Tag Manager, Dwolla Integration, Redux Toolkit, SWR, Tailwind CSS