Mobility has impacted every aspect of human life and businesses, regardless of industry domains, and the Finance industry is not an excretion.
In fact, the way financial companies are adopting mobile solutions, it seems like soon the entire world will go cashless.
Fintech apps are the game-changer in disrupting the finance and banking industry. They connect banks/financial institutes with the customers to make digital payments easier than ever before.
People are using Fintech apps for different purposes such as personal finance, crowdfunding, money lending, investment, money transfer, P2P (peer-to-peer) lending, and more. Different types of Fintech apps are developed by financial startup and well-established financial institutes to address the varied requirements.
This post will introduce 15 best Fintech apps that are extensively used across the world. Here you explore the list.
- 1. Nubank
- 2. Planto
- 3. Prism
- 4. Chime
- 5. Acorns
- 6. Revolut
- 7. Mint
- 8. Coinbase
- 9. MoneyLion
- 10. Robinhood
- 11. Finch
- 12. Monobank
- 13. Earnin
- 14. TransferWise
- 15. N26
If you are planning to develop a mobile solution for your Fintech startup, do not miss to explore the above-mentioned apps. It helps you to get a better understanding of
- What people are expecting from a Fintech app?
- Which features do they look for in a Fintech mobile app?
- What are the gaps between customer expectations and apps’ offerings?
- How can you fill the gaps through your Fintech app to deliver value to users?
15 Best Fintech Apps to Pay Attention to Before Developing One for You
Nubank is one of the best fintech apps that allows users to track payments and invoices. Uses can classify the spendings by applying categorization. Leveraging Nubnk reward points, users can cover some of the expenses.
The app enables users with real-time information about Nubak rewards, saving balance, and credit cards. Nubank is considered as the sixth-largest financial institution across the globe with a secured valuation of over $10billion and 12millon users (from Brazil only).
The best features of Nubank are rewarding pint program, saving at user disposal, informative blogs, no annuity credit card accepted worldwide, and more.
Management of personal finance becomes quite easier than ever with Planto. The app allows users to automate their personal finance such as set goals, define the budget, track your expenses, money, and investment progress anytime.
The app allows you to create a financial profile in one place. You can set and achieve your financial goals and help you stat on the top of your spending and budget. Plano is the best finance app in 2020 to manage your personal finance.
It provides amazing features to plan and organize your money following the best money management practices. Thus, this is the best solution for you if you are looking for a personal finance management app.
Prism is the best finance app for personal finance management. It automatically tracks all your bills and sends bill pay reminders. The app allows users to manage money action, bills, and debt within no time.
The app allows users to track bills and money at a glace, effortlessly. Prism also offers advanced features to manage all your personal accounts from a single platform.
The key benefit of the app is users do not need to waste time logging into multiple websites to check and save the account balance, pay bills statements, and check due dates. The app also displays your account balance, income, and monthly spending and expenses together so you can pay bills in a few seconds.
Chime is one of the highly used and fasted growing fintech apps in the USA. Users can manage their saving accounts and expenses with no hidden transaction fee. If you want to access multiple automatic saving options, then this is the best tool.
The app helps users to focus on saving by deducting 10% of the payback automatically. Later on, the user will receive the amount in their account directly.
Being one of the top fintech apps, the mobile app enables users with all the baking facilities such as no overdraft, real-time transaction notification, sending money to friends and family, and no minimum balance.
The unique features of Chime consist of deposit instant checks, no hidden fees or monthly fees, support mobile payment apps, send money to relatives with a free fee mobile payments, and more.
It is a financial wellness app that guides users about how to get more return on the invested money by offering videos and articles of financial advisors/experts. It allows customers to deposit and withdraw money whenever they want.
Acorns teaches investors how to spend smartly at no overdraft fees, using nationwide ATMs. It also guides how to earn an investment bonus up to 10% from the selected local businesses.
The app is supported by leading innovators, press, and investors such as PayPal, CNBC, BlackRock, and Ashton Kutcher.
Manage your money wisely using the Revolut. It sends instant notifications for the money paid through the card. The app allows users to set up a monthly budget and track how much they spend each month on certain products or services.
The app supports more than 150 currencies so that users can easily transfer money abroad at the real exchange rate.
Moreover, Revolut is one of the best fintech apps when it comes to buy, sell, and hold cryptocurrency as it is the trending technology of the Fintech domain. It also supports Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and XRP.
Mint is a finance tracker and money manager app that allows users to manage all the finance with ease. It is the top fintech app that provides information about how much money the user has spent and the best ways to save money.
The app manages the money of user’s credit cards, investments, credit cards, and bills. It allows to manage money and bills together to make the user’s budgeting practices better. Ultimately, it saves time and money of the users.
The app focuses on the cryptocurrency exchange. It provides information about the relevant tools and introduces the world of cryptocurrency to newbies. Coinbase helps all the beginners and experts of crypto investors to build and manage their crypt portfolio.
Sell, buy, and store the cryptocurrency securely on the Fintech stock of Coinbase. If you are interested in the crypto investment, then the app enables you with bitcoin mining, bitcoin cash games, bitcoin games, bitcoin trading, litecoin games, blockchain, and ethereal games.
Using this app, users get access to loans and financial advice. It allows for personal finance, wealth management, money-saving, and money lending.
Users can access zero-fee checking account, fully managed investment account, no interest instacash advance, Low ARP Loan Credit Builder Plus, and up to 12% cashback reward.
Being one of the best fintech apps, MoneyLine provides efficient online banking services across 55000 fee-free ATMs. Moreover, the app helps users to keep a track of savings. The tracking features are accessible to MoneyLion Plus members only.
Start investing in cryptocurrencies, stocks, and other options using the Robinhood app. The app uses advanced technologies that cut the percentage to win the cut-throat competition with the other financial institutions.
Users can save money at no commission trading. Robinhood allows to invest money in cryptocurrencies (Bitcoin & Ethereum), stock, shares, and options without any commission fee. Thus, the app allows users to invest money in markets responsibly.
Read the information available for investment portfolio before buying a coin, stock or other investment options. The app enables users with the real-time market data for the particular cryptos, coin or options and keeps the user notified about the changes.
Finch is the best fintech app that simplifies personal finance for users. It allows people to share group bills, pay money to friends, and track their budget.
To access the app, the user needs to sign up and select the pay friends option. The app spits the bills, pays to friends instantly, create groups, and share the link with your friends.
It helps users track the spending by enabling them with the details of how frequently they have visited the shop, how much they have spent in the last 30 days. Moreover, it compares the user’s spending with other finchers and helps users to track how they stack up.
It is the first fully mobile bank in Ukraine that does not have any mobile brand across the country. It allows users to pay money to friends, replenish your mobile phone, or pay a communal apartment for free and just with a few clicks on your smartphone.
Monobank allows users to make payments, free replenishment, installment purchase, cashback up to 20%, and expense & currency accounting online.
The app is considered as one of the top fintech apps that allow users to track expenses for all goods of each category, analyze what the users spend the most on, and make well-informed decisions about the budget.
The app allows users to access up to $500 between paychecks, earn cashback on your purchases, avoid unnecessary overdraft fees, and explore saving options on medical bills.
The app uses four tools such as cash out, health aid, balance shield, and cashback rewards to simplify the financial system for the users.
Other important features of Monobank are live chat support, lightning speed, 256-bit bank-level data encryption, and financial calendar.
TransferWise is the best money management app if you want to transfer money abroad. It allows to send money overseas easily and quickly at the cheapest rate. The supports 28 currencies and uses real exchange rate to help foreign businesses and students.
Using the app, users can send money abroad at the 8X cheaper rate than the high street banks and at the real exchange rate.
Being one of the best fintech apps, TransferWire allows users to send money to friends and family, pay off your loan or mortgage abroad, get paid in multiple currencies, pay bills in another currency, and more.
N26 is a Berlin-based finance management app that enables users with flexible, transparent, and fast money management tools to help them control finances. It can be a perfect online bank as it allows you to control your finances using a few taps.
The company has raised $300million in venture capital and now valued at a total of $3billion. Due to such a strong financial condition, the app overtook Revolut which holds a prime position as the most valuable mobile bank in Europe.
N26 allows users to organize and achieve financial goals with Spaces, automatic generation for spending statistics, instant money transfer with MOneyBean, account security with fingertips and face recognition.
How much does it cost to develop a Fintech app?
It is quite tough to define the exact cost of Fintech app development as it completely depends on the features and functionality you want to add in the app. If the Fintech apps require integration of different APIs then it charges more than any simple app.
A simple Fintech app with basic features costs you around $30000 to $50000. If you want to consider advanced and complex functionality development and integration then it would cost more than $100000.
How Credencys Helped Anand Rathi in a Fintech App Development?
Being a premier iOS and Android app development services company, Credencys has successfully developed and delivered the mobile apps for the varied industry domain and Fintech is no exception. We excel in developing the cutting edge mobility solutions by embracing the latest Fintech trends.
We have deployed a digital wealth management app for Anand Rathi, India’s leading financial company. The app is live on iOS and Android platforms and highly admired by the users for its user-friendliness and smooth flow.
Do you want to skyrocket your Fintech business through a Fintech app? Let’s connect.
Frequently Asked Questions about Fintech Apps
How to monetize a Fintech app?
To earn money out of the Fintech app, you can consider in-app purchases, subscriptions, advertising, P2P lending, and Robo-advisors. How to Generate Revenue Through Fintech Apps? (5 Proven Strategies) will explain how to monetize your Fintech app.
What are the important features of a Fintech app?
The most important features of a Fintech app are real-time processing, batch processing, fast & secure transactions, integration with other applications (baking & financial apps and backend of web applications), multi-tier functionality, etc.
How much time it will take to develop a Fintech app?
The development time of the Fintech app is based on how many features and functionality you want to add in the app. The more features you consider, the app development will take more time. A simple app can be developed within 6-8 months. An app with all the advanced features takes up to 12 months.
What are the best Fintech app ideas to invest in?
If you want to start a financial venture, you can consider a lot of fintech app ideas such as crowdfunding, investment and trading, equity, money transfer, personal finance, P2P lending, regtech, mobile baning, insuretechP2P payment, and payday loan.