Case Study: Fomo unlocks $2M in bank withdrawals with Rails by Spritz

fomo unlocks $2M in bank withdrawals in under 2 weeks with Spritz

fomo, a crypto trading app, was facing significant user frustration because its customers had no way to withdraw their funds directly to a bank account. This was a major obstacle, especially for new users unfamiliar with crypto wallets. To solve this challenge without building complex infrastructure in-house, fomo turned to the vendor Spritz and implemented their product, Rails.

Spritz provided a fully managed, white-labeled fiat layer called Rails, which handled compliance and money movement. The integration was completed in under two weeks. This solution allowed over 4,000 fomo users to withdraw more than $2 million to their bank accounts, immediately improving the user experience and supporting the app's growth.

Fomo