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Rafael Avelar Campos for 3X Pay

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The Challenges of Managing a Successful Fintech: Revenue of R$9,643,141.49 in 30 Days

Running a fintech that generated over R$9.6 million in just 30 days comes with a range of complex challenges. From the perspective of a senior developer, each day is marked by decisions that can profoundly impact the business. When working with a tech stack comprised of NestJS, Redis, PostgreSQL, and NextJS, the focus is on ensuring that the system is scalable, performant, and secure. However, the reality extends far beyond simply choosing the right tools.

1. Constant Pressure: No Room for Error

In an environment where millions of reais are at stake, the margin for error is virtually nonexistent. Every technical decision, whether in the architecture or in implementing a new feature, can directly affect the business and its customers. The pressure to ensure that every transaction is processed flawlessly is constant. A simple mistake, such as an inefficient query or a misconfigured cache, can result in significant financial loss.

NestJS, being modular and efficient, helps in organizing the code, but the pressure to maintain everything running smoothly forces an extremely careful approach to each new deployment. Every line of code undergoes thorough reviews and automated testing before being applied, ensuring that there is no impact on transactions.

2. Continuous Monitoring and Maintenance

Real-time monitoring is essential for ensuring that the fintech operates efficiently. Tools like Sentry for error tracking and Grafana for performance metrics are critical in daily operations. They provide a detailed view of how the system is behaving and help detect potential failures before they escalate into larger problems.

Redis plays a vital role in handling high transaction volumes by offloading some of the processing through queues and caching. However, the technical team must always be vigilant to ensure that no transaction queue gets stuck, as this could directly affect the user experience and lead to significant delays.

3. Scalability and Data Consistency

Maintaining scalability in a system processing millions of reais requires a well-thought-out architecture. PostgreSQL, our database, needs continuous optimization, including table partitioning and well-defined indexes to handle the growing data volume without compromising performance. Every query must be optimized, and backup routines are constant to prevent data loss.

The combination of NestJS and PostgreSQL allows for a scalable backend structure, but ensuring data consistency in complex financial transactions is an ongoing challenge. We need to handle concurrency and distributed transactions, which adds a layer of complexity to the development process.

4. Frontend Development with NextJS

The frontend, built with NextJS, must be fast and intuitive, providing real-time dashboards that display critical financial data to clients. User experience is paramount, and leveraging server-side rendering (SSR) with NextJS ensures a fast interface, even when dealing with a high volume of data exchanged between frontend and backend.

5. Decision-Making Under Pressure

In a fintech environment, quick decision-making is part of the daily routine. When an issue is detected, there is little time for deliberation. Immediate action is required to mitigate any damage. A simple few-minute downtime can have a direct financial impact on clients and damage the platform's reputation. This is why we have strict protocols in place to handle failures, including deploy rollbacks and immediate recovery procedures.

Setting up alerts to monitor API performance and potential bottlenecks is critical. If an endpoint starts to show issues, we receive instant notifications and often have to resolve the problem in a matter of minutes—or even seconds.

6. Balancing Productivity and Quality of Life

Handling large financial volumes and the constant pressure to keep the platform running smoothly can be exhausting. However, it's essential to maintain a balance between productivity and quality of life to avoid burnout. Collaboration between teams is key, and we strive to foster a culture of mutual support, where challenges are shared and solved together.

Conclusion

Managing a fintech with such significant revenue requires not only advanced technical skills but also the ability to handle pressure and make swift decisions. The stack of NestJS, Redis, PostgreSQL, and NextJS allows us to build a solid and scalable architecture, but the responsibility of keeping everything running without failure is a continuous challenge. In the end, the reward lies in knowing we are building a reliable platform that simplifies financial life for thousands of users, all while continuing to grow and innovate.

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