FinIQ
Your money. All banks. One truth.
Built for family businesses juggling UK and Ukrainian accounts. FinIQ pulls transactions from 5 banks, converts 3 currencies, and finally answers "where did the money go?"
Key Metrics
The Problem
When your business spans two countries, you get invoices in USD, expenses in GBP, and supplier payments in UAH. Excel can't keep up. Xero doesn't understand Ukrainian banks. QuickBooks isn't built for this.
The Solution
A financial ERP that speaks Open Banking. Connect Monzo with OAuth. Sync Monobank with a token. Import PrivatBank CSVs. Everything converts to your base currency automatically. Budgets track spending across all accounts.
Key Features
True Multi-Bank Sync
Monzo, Revolut, Monobank, PrivatBank—OAuth where available, smart import where not.
Real-Time FX Rates
Transactions convert at historical rates. Today's balance uses live rates. No manual lookups.
Auto-Categorization
ML model learns your spending patterns. "Uber" goes to Transport. Always.
Budget Wizard
Set monthly limits by category. Get alerts at 80%. See trends over time.
Multi-User Access
Accountant sees reports. Business owner sees everything. Configurable per-user.
Three Languages
English, Russian, Ukrainian. Switch anytime. Because family businesses are multilingual.
Before & After
Technology Stack
Frontend
Backend
Database
Integrations
Technical Highlights
Open Banking Done Right
90-day transaction history from Monzo with Strong Customer Authentication support.
Monobank FOP Integration
Special handling for Ukrainian self-employed accounts (Фізична особа-підприємець).
Smart Duplicate Detection
Same transaction from bank statement and card notification? Merged automatically.
Offline-First Categories
Category assignments sync later. App stays fast even on flaky connections.
Challenges Overcome
Monzo's 90-day history limit
Background job syncs daily. Historical data preserved in PostgreSQL forever.
Ukrainian bank API instability
Retry logic with exponential backoff. Fallback to CSV import when APIs fail.
Lessons Learned
- Open Banking is powerful but banks implement it differently. Abstract early.
- Currency conversion is harder than it sounds. Edge cases everywhere.
- Family business software needs to be multilingual from day one. Retrofitting is painful.