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Raizin

ERP For a crypto fintech startup

Company Profile

RAIZIN is a fintech startup operating across two countries with a focus on innovative fundraising and crypto-based donation models. Headquartered between Europe and Asia, RAIZIN provides a custom front-end platform enabling donors to contribute in both fiat and cryptocurrency formats.

  • Employees: 10
  • Annual Turnover: ~1M USD
  • Sector: Fintech / Nonprofit Tech
  • ERP Hosting: Custom integration with Odoo Community

Challenges Faced

As a young startup with no existing back-office structure, RAIZIN faced the challenge of scaling its operations while ensuring financial compliance and automation:

  • No accounting system was in place.
  • The front-end platform collected donations in both fiat and crypto, but lacked backend integration.
  • Crypto yields needed to be tracked in fiat currency for legal and tax purposes.
  • The team required automated journal entries to remain lean and compliant with accounting standards.

Odoo Implementation

We implemented a custom Odoo Community backend connected via API to RAIZIN’s proprietary fundraising front end.

  • Core Modules Used: Accounting, Invoicing, Custom Module for Asset Valuation
  • Custom Integration:
    • A connector was developed in collaboration with RAIZIN’s in-house developers.
    • Each donation or crypto yield automatically triggers journal entries in Odoo.
    • Multi-currency management is used to handle both crypto and fiat values.
  • Crypto Yield Management:
    • Automated revaluation of assets using exchange rates from multiple APIs (e.g., CoinGecko, Binance).
    • Daily asset valuation updates reflected in the general ledger.
  • Automation & Auditability:
    • All entries are traceable to the original transaction from the front-end.
    • Odoo manages both unrealized and realized gains/losses from asset appreciation.

Version: Odoo Community 16

Hosting: Odoo on-premise, behind the client’s cloud-based API gateway

Business Benefits

Operational Efficiency

  • No manual intervention is needed from the accounting team for donations or asset yields—everything flows automatically from the front end to legal books.

Compliance & Transparency

  • All financial transactions are traceable and compliant with accounting standards, including IFRS for crypto valuation.

Scalability

  • The infrastructure allows RAIZIN to onboard new funding channels or currencies without redesigning the backend.

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