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1859 CLOUD | FRANCE

Crowdsourcing and investment strategy join forces

Helping investors do better, and helping others do better.

Context

1859 Cloud’s outlook is simple—“It is not the strongest or the most intelligent who will survive, but those who can best manage change.”

The collaborative organisation attracts and selects a private club of finance professionals, builds an idea-based meritocracy based on their economic forecasts, and brings the most universally supported ideas to an investor-focused fund.

Given its low cost base compared to traditional funds, 1859 Cloud has the capital to redistribute a large share of the difference to charities. Who said FinTechs can’t have a soul?

Challenge

Marmelab—a subsidiary of PALO IT—was approached to build both the front-end and back-end of 1859 Cloud’s platform. The directive? A slick app to facilitate high-level financial insight and straightforward communication.

As a FinTech platform offering investment advice to customers who are already very careful with their money, legal regulations were stringent and expectations were high. 

For our development team this meant delivering a super-stable product every two weeks, undergoing more thorough backlog grooming, formal acceptance tests, longer qualification times, and delivering a top-shelf UI for even the first release.

Outcomes

The final digital product is typical of our work (full-stack Javascript, lean in nature and sporting an API-centric architecture), but also very unique. The PALO IT team took the wheel for 3 years to ensure the platform surpassed benchmarks and developed ahead of the curve. When all was said and done, 150,000 lines of code formed the backbone of:

  • A front-end app used by all club members
  • An admin app for the 1859 Cloud staff
  • A RESTful API employed by both the front-end and admin apps

1859 Cloud’s payoff reaches much further than users, as its fund aims to give almost US$1,000,000 in charitable donations over the next year.

“We’re super happy with this project, which is not only innovative, but also challenging, and motivating. It’s a great achievement by the 1859 Cloud and the Marmelab teams, and we’re looking forward to making the word a better place thanks to the wisdom of Charles Darwin!”
François ZANINOTTO
Marmelab CEO