Discovery Phase

Define the product-market fit and accelerate product launch time and budget with Kindgeek's expert discovery approach. It has been proven: mitigating risks in the early stages of development pays off in the long haul.

Looking to launch a new business vertical or product or want to iterate your custom fintech solution?

The Discovery Phase is the first step before the first line of code is written.It helps you to find the most efficient and cost-effective solution to your business needs and to come up with the full system design architecture, interfaces, and data to meet specific requirements.

Here’s what it’s about:

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Reduce uncertainty

Analyze your ideas and vision beforehand and get confident regarding scope, timelines, team composition, and functionality to a level enough to begin implementation.

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Optimise development timeline

Start seamlessly, move confidently, and optimize the implementation scope and roadmap matched to the budget.

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Do competitors benchmarking

Identify opportunities for differentiation, understand market trends, refine your product strategy and perform end-user needs assessment.

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Select tools & technologies

Ensure to launch with the right technology and tools, and maximize the potential of getting off to a flying start.

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Assess 3-party solutions

Choose the most suitable third-party solutions to align with your requirements, saving time and resources in development.

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Accomplish gap analysis

Identify and assess gaps between the current state of a product or project and its target state.

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Stay in line with compliance and regulations

We’ve worked with fintech & financial enterprises from all over the world – diving deep into legacy systems and regulatory compliance doesn't challenge us.

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Optimise development budget

It's an upfront investment that will lead to significant savings by mitigating scope creep risks in the early stages of development.

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Build trust with your IT vendor

By regularly communicating and engaging in in-depth discussions with the team, you can ease your mind and establish a two-way trust for further development.

Who is a discovery phase for?

We offer

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Product Audit

For businesses willing to do a comprehensive assessment of the building blocks of existing product. Product Audit seeks to enhance the product with deep tech expertise. It includes third-party benchmarking, feature analysis, and comparisons to identify improvement areas. The package provides actionable insights and a cost-benefit analysis for selecting third parties while optimizing the product's performance, user experience, and business value.

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Product Discovery

For businesses willing to refine a product idea to make informed decisions about further development. Product Discovery aims to test the business idea's problem-solution and product-market fit. The Product Discovery model includes ideation, prototyping, and testing to ensure the product is actually solving the existing problem and meets the business objectives. Product discovery includes creating effective development strategies, designing a well-thought-out product architecture, and optimizing resources for maximum efficiency within specific timeframes.

Our product discovery & design foundation approach

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Discovery Phase flow

Discovery phase tiger team composition

During the discovery phase, team composition is crucial for a successful outcome. The team collaborates closely with the Product Owner or visioner, ensuring alignment with the overall product vision and goals. Depending on the specific requirements of the project, the discovery phase team can be extended to include additional experts such as DevOps specialists, Mobile leads, or other domain-specific professionals. Around 3-4 weeks
RoleResposibility
Product ownerBusiness advocate
Project managerProcess advocate
Business analystProduct advocate
UXUser advocate
ArchitectTechnology advocate

You will receive

During the discovery stage, the business analyst takes the lead, supported by team leads, software developers, and the tiger team who assist with the clearly prioritized scope on the level of detailing enough to provide an estimate and implementation roadmap.  The outputs produced during the discovery phase are crucial considering the time and budget invested.  Once this stage is complete, you will receive:
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Click-through UI prototype

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Development-ready mockups and UI kit

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Architecture vision

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Technology, tools & frameworks

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3-party solution assessment

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Infrastructure vision

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Implementation efforts estimate

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Development team composition

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Implementation budget and roadmap

Ensure your product achieves market fit and acquire a specific strategy for developing fintech solutions that meet your customer's needs.
Contact us for the next steps

Frequently asked questions