Sustainable trade finance-Lockstep

Get money now, Pay later

Get money now, Pay later

Get money now, Pay later

Lockstep is a sustainable trade finance service that lends merchants money for their shipments at reasonable terms if they make sustainable shipping decisions.

Lockstep is a sustainable trade finance service that lends merchants money for their shipments at reasonable terms if they make sustainable shipping decisions.

Lockstep is a sustainable trade finance service that lends merchants money for their shipments at reasonable terms if they make sustainable shipping decisions.

Client

MVP for Lockstep startup

Services

Visual Design UI & UX Design Mobile design

Industries

Fintech

Date

January 2021

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What is Lockstep?

Lockstep is a sustainable trade finance service that lends merchants money for their shipments at reasonable terms if they make sustainable shipping decisions.

What makes Lockstep unique?

The main constraint for this project was to help merchants have the cash flow they need through the time of shipment. The shipping cycle is long up to months. The merchant can't take the money on the order until the shipment of the order arrives at the final customer. Here Lockstep goes one step and provides money for the merchant under certain rules.


Roles & Responsibilities

- Lead the product story boarding and light user research.

- Design of the user experience, including creating key user flows and wireframes.

- Create high-fidelity wireframes to show the full product experience without dedicating resources to the full visual process.

Problem & process

Create an MVP prototype to help merchants borrow money from lockstep. They need to upload documents of the shipments and get a good sustainable score. Depending on it, the interest rate will be decided.

Goals:

- Tracking a shipment once it leaves.

- Create a service that touches the physical supply chain, not just the financial one.

- Measuring the success factors of every shipment

- The financing around it

Storyboard

What is Lockstep?

Lockstep is a sustainable trade finance service that lends merchants money for their shipments at reasonable terms if they make sustainable shipping decisions.

What makes Lockstep unique?

The main constraint for this project was to help merchants have the cash flow they need through the time of shipment. The shipping cycle is long up to months. The merchant can't take the money on the order until the shipment of the order arrives at the final customer. Here Lockstep goes one step and provides money for the merchant under certain rules.


Roles & Responsibilities

- Lead the product story boarding and light user research.

- Design of the user experience, including creating key user flows and wireframes.

- Create high-fidelity wireframes to show the full product experience without dedicating resources to the full visual process.

Problem & process

Create an MVP prototype to help merchants borrow money from lockstep. They need to upload documents of the shipments and get a good sustainable score. Depending on it, the interest rate will be decided.

Goals:

- Tracking a shipment once it leaves.

- Create a service that touches the physical supply chain, not just the financial one.

- Measuring the success factors of every shipment

- The financing around it

Storyboard

What is Lockstep?

Lockstep is a sustainable trade finance service that lends merchants money for their shipments at reasonable terms if they make sustainable shipping decisions.

What makes Lockstep unique?

The main constraint for this project was to help merchants have the cash flow they need through the time of shipment. The shipping cycle is long up to months. The merchant can't take the money on the order until the shipment of the order arrives at the final customer. Here Lockstep goes one step and provides money for the merchant under certain rules.


Roles & Responsibilities

- Lead the product story boarding and light user research.

- Design of the user experience, including creating key user flows and wireframes.

- Create high-fidelity wireframes to show the full product experience without dedicating resources to the full visual process.

Problem & process

Create an MVP prototype to help merchants borrow money from lockstep. They need to upload documents of the shipments and get a good sustainable score. Depending on it, the interest rate will be decided.

Goals:

- Tracking a shipment once it leaves.

- Create a service that touches the physical supply chain, not just the financial one.

- Measuring the success factors of every shipment

- The financing around it

Storyboard

Research


Lockstep will lend the user (Bimbo $) at any point here, an interesting variable on the sustainability of shipment, duration of financing, and where along the financing chain (post-PO vs post-Invoice).

Through going on the storyboard, we found the key screens we need to start with and some issues we need to solve through the experience.

Issues:

- What information details do we need to determine before deciding the interest rate?

- The time user needs to get approved.

- We need an easy way to let the user understand all processes.

Key screens:

- Order Details

- Upload documents screen to determine the sustainability of the shipment

- Shipment Details

- Sustainability Score of the order and shipment.



Our Competitor


Some screens used to find UI patterns for the ship and track process:


User Flow:



Wireframes:




First Prototype alteration

I work on Figma and use screen records to record the process of adding documents and finding the sustainable score and interest rate.

https://www.notion.so/asmaaamer/Sustainable-trade-finance-Lockstep-5de084f9ec894ee8b2f704e047b9cdfb?pvs=4#2a82123b49864444baf6cf97ffe578b5


Final Design






Product Designer interested in SaaS products for education and hospitality. Have a passion for Research and conducting UX Audit

Product Designer interested in SaaS products for education and hospitality. Have a passion for Research and conducting UX Audit

Product Designer interested in SaaS products for education and hospitality. Have a passion for Research and conducting UX Audit