The global popularity of FinTech apps is on the rise, thanks to the increasing adoption of mobile devices. Standing at the intersection of finance and technology, fintech companies are leveraging cutting-edge technology to provide innovative financial solutions. They specialize in creating robust, secure, and user-friendly applications that cater to various financial needs, from digital payments and peer-to-peer lending to insurance tech and robo-advising.
In this post, we will provide details about the best fintech app development company for 2024, along with the benefits and highlighted services that these companies offer. At the same time, we also help you choose the right fintech app company. Now, let’s explore more in the sections below.
Key Takeaways
Based on research, we have compiled a summary of top companies with expertise in specific financial app categories.
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Fintech Apps Development Market – An in-depth Analysis
The FinTech industry on a global scale is currently undergoing significant expansion and has the potential to achieve a market value of approximately $305 billion by 2025. This expansion is being fueled by two main factors:
Firstly, the increasing use of smartphones and the widespread availability of the internet are major reasons.
Secondly, technological advancements like AI and blockchain have created fresh possibilities for fintech development, consequently boosting market growth. Furthermore, alterations in regulations have allowed fintech companies to compete fairly with conventional financial establishments.
Consequently, the use of mobile payment solutions for everyday financial transactions has led to a substantial rise in digital payments. Statista Market Insights predicts that the digital payments market will reach a staggering 5.48 bn users by 2027.
The next section will present the best fintech app development company for 2024, along with specific analyses of the benefits and services that they offer. At once, we also give some successful case studies for each company that you can consult to apply for your project.
Top 10 Best Fintech App Development Companies in 2024
In this next section, let’s delve into the top 10 best fintech app development companies in 2024, including a full comparison table with criteria to compare, such as price range, customer reviews, top clients, expertise, and years of experience of each company. The table ranks the hourly price range from the lowest to the highest.
Company Name | Price Range | Clutch Average Review Rating | Fintech Focus (%) | Top Clients | Years of Experience |
Synodus | $15 – $30/ hr | 5.0/5 | 40% | Vietcombank, Techcombank, Vingroup, FPT, Defi For You, Toyora | 5+ |
UppLabs LLC | $25 – $49 / hr | 4.9/ 5 | 30% | MMI Direct, EvalX, Recap Investing | 10+ |
SDK Finance | $25-$50/ hr | 4.7/5 | 20% | Capital One, Chase | 5+ |
Uptech | $30-$60/ hr | 4.9/5 | 30% | VN Pay, Viettel Pay | 10+ |
Itexus | $30-$60/ hr | 4.9/5 | 60% | Barclays, HSBC | 10+ |
Appinventiv | $40-$80/ hr | 4.8/5 | 10% | Revolut, Chime, | 10+ |
KindGeek | $40-$80/ hr | 4.8/5 | 70% | Coinbase, Binance | 10+ |
Webisoft | $50 – $99/ hr | 4.9/5 | 5% | HSC, VIB, BIDV | 20+ |
ScienceSoft | $50 – $99 / hr | 4.8/5 | 45% | eBay, Nestle, Walmart | 30+ |
STX Next | $50 – $99 / hr | 4.7/ 5 | 40% | Mastercard, Decathlon, Unity | 19+ |
Nimble AppGenie | $50 – $100/ hr | 5.0/5 | 100% | Adyen, Worldpay | 5+ |
Miquido | $50-$100/ hr | 4.9/5 | 40% | ING Bank, mBank | 15+ |
Netguru | $50-$100/ hr | 4.8/5 | 40% | N26, Klarna | 10+ |
1. Synodus
Synodus has been one of the leading providers of IT consulting and software development services for more than four years of dedication and development. With a portfolio that encompasses more than 100 fintech app projects, such as digital banking, e-wallet solutions, cryptocurrency exchange white label services, P2P lending platforms, and more, we have solidified our reputation for excellence within the fintech sector. We have built a strong reputation for our exceptional performance in the fintech sector and our dedication to delivering outstanding services to our clients.
Services
- Fintech App Development: Mobile Payments, Peer-to-Peer Lending, Personal Finance Management, Blockchain Solutions, Defi Development Service.
- Digital Transformation in the Finance Industry: Process Automation, Harnessing Data Analytics, and Enhancing Customer Experience.
- Consulting for Fintech Solutions: Assessing Needs, Strategizing, and Implementing Solutions.
Check out our Fintech App Development rate card now! | |
Best for
- Fintech Startups.
- Traditional Financial Institutions.
- Businesses.
What the customer can achieve
- Increased Efficiency.
- Expanded Market Reach.
- Enhanced Experience.
- Strengthened Competitive Advantage.
One of the most successful Fintech Case studies:
Synodus’s customer, a promising player in the digital payment industry, was eyeing reaching 3 million users by the conclusion of 2023. This is thanks to a blockchain-integrated expansion by introducing an e-wallet for global e-money and cryptocurrency transactions.
Read more: 10+ Successful Fintech App Development Case Studies. | |
2. Webisoft
Webisoft, a Polish software development company founded in 2002, caters to the financial sector. They design custom FinTech solutions for banks, insurers, and other institutions, offering services like development, consulting, and system integration. Their clientele includes many prominent names, solidifying their position in the FinTech landscape.
Services:
- Fintech App Development: Mobile payments, e-wallets, peer-to-peer lending, and more.
- Digital Transformation for Finance: Automating processes, enhancing customer experience.
- Fintech Solution Consulting: Identifying needs, proposing suitable solutions.
Best for:
- Fintech startups.
- Traditional financial institutions seeking digital transformation.
- Businesses aim to improve operational efficiency and expand market reach.
Testimonial:
- Vingroup Corporation: Ms. Le Thi Thu Hang, the Financial Director, expressed her gratitude to Webisoft for their valuable assistance in successfully implementing a mobile payment system for Vinmart+ retail chain. This collaboration has significantly contributed to a remarkable 20% increase in online sales revenue.
Case Study:
- SSI Securities Corporation: Within a year, SSI managed to attract 500,000 new investors by utilizing a mobile stock trading application developed by Webisoft. This application encompasses various features such as stock trading, market monitoring, and technical analysis.
3. Uptech
Uptech, a Polish company established in 2010, empowers financial institutions to embrace digital transformation. They offer software development, consulting, digital strategy guidance, and project management expertise, helping clients like PKO Bank Polski and mBank navigate the evolving financial landscape.
Services:
- Fintech App Development: Mobile Payments, Digital Wallets, Peer-to-Peer Lending, and more.
- Digital Transformation for Finance: Process Automation, Customer Experience Enhancement.
- Fintech Solution Consulting: Needs Identification, Tailor-made Solutions.
Best for:
- Fintech Startups: Fueling innovation and growth in the Fintech landscape.
- Traditional Financial Institutions: Driving effective digital transformation and gaining a competitive edge.
- Businesses: Boosting operational efficiency, expanding market reach, and optimizing customer experience.
Value:
- Increased Efficiency: Streamlined processes, optimized operations, and reduced costs.
- Expanded Market Reach: Access new customers, boost revenue, and grow market share.
- Enhanced Experience: Delivering convenient, secure, and personalized services.
Awards and Recognition:
- Top 10 Fastest Growing Fintech Companies in 2023 (Recognized by Fintech Insights Magazine)
- “Breakthrough Innovation in Mobile Payments” Award (Conferred by Vietnam Fintech Association)
- Accredited as a “Trusted Fintech Solution Provider” (By leading financial institutions)
4. Appinventiv
Founded in 2014, Appinventiv is an Indian company specializing in custom FinTech mobile apps. They cater to startups and enterprises, providing services like iOS and Android app development, UX/UI design, testing, and app maintenance. Their clientele includes prominent Indian banks like HDFC Bank and ICICI Bank.
Services
- Fintech Software Development Services
- Digital Wallet Development
- P2P Lending Platform Development
- Accounting Management Software Development
- Mobile Payment App Development
Best for
- Serve businesses and individuals in adapting to and adopting digital transformation.
Value
- Guaranteeing Effective Innovations. An unwavering commitment to achieving optimal customer satisfaction, infused with honesty and enthusiasm.
- Focus on self-development. Programs for training and mentorship, engaging sessions, and local gatherings to promote individual development.
- Incorporate Work-Life Balance. The most recent infrastructure and adaptable working hours, in addition to numerous other benefits, promote the adoption of a healthy lifestyle.
Case Study
Appinventiv partnered with the Americana Group’s KFC to expand their digital presence by launching seven innovative mobile apps across global markets. The result of this partnership led to a 22% increase in conversion rate, an average rating of 4.5 across locations on both the Play Store and App Store, over 50% of the total orders coming through the app, and an over 60% increase in repeat purchases across channels.
5. KindGeek
Established in 2014, KindGeek is a Ukrainian company that leverages blockchain technology to deliver custom FinTech solutions across various industries. Their expertise lies in blockchain software development, consulting, smart contract creation, and blockchain auditing. They have served tech giants like IBM and Deloitte.
Services
- Fintech Software Development Services
- Full cycle fintech software development from business idea to implementation
- Digital Banking and Payments
- P2P Payments
- TSYS Financial Fraud Management System
Best for
- UI/UX Design
- Fintech Solutions
- Mobile App Development
Value
- Trust: KindGeek builds strong mutual relationships with their partners and clients based on trust.
- Transparency: Transparency complements trust and stimulates development. They believe that without honest feedback, growth is impossible.
- Social Responsibility: KindGeek puts social responsibility at its core.
- Sense of Beauty: At KindGeek, they encourage the idea that they do not just develop software but try to make it as aesthetically appealing and pleasing as possible.
Awards and Recognition:
- Top 1000 Service Providers for 2021 by Clutch
- #3 at Top Fintech Software Development Companies list by Design Rush.
- #11 at Leading Firms in App Development for 2021 by Clutch.
- #19 and #34 at Top Android and iOS App Development Companies by Visual Objects.
- 2023 Global Award winner for Fintech Software Development Services on Clutch.
Case Study
KindGeek partnered with IFG, an early payment services provider for businesses. They were tasked with developing the UI/UX modules of IFG’s core services, ensuring a smooth customer experience while adhering to the company’s strict brand standards. The team also customized some interfaces to suit the needs of IFG clients.
6. SDK Finance
Founded in 2015, UK-based SDK Finance offers white-label FinTech solutions for banks and other financial institutions. They specialize in mobile payments, digital banking, peer-to-peer lending, and personal financial management, catering to clients like Barclays and HSBC.
Services
- Fintech Software Development
- E-wallet Development
- P2P Payment App Development
- Dedicated Development Team
Best for
- Consumers (digital wallet, online bank, international money transfer, foreign exchange)
- Businesses (POS or online payment processing)
- Enterprises (corporate neobank services)
Value
- Professionalism. The SDK Finance team consists of experienced fintech professionals, including the best fintech app developers and business analysts with over 5 years of experience
- High standards. SDK Finance’s product is a high-quality, future-proof solution with consistent performance.
- Innovation. Encouraging innovation to deliver state-of-the-art technology solutions and drive product development.
- Long-term vision. Inspiration comes from the potential to establish enduring collaborative partnerships and create a positive impact through SDK Finance’s products.
Case Study
SDK Finance collaborated with MPAY, a company with a network of payment kiosks across Azerbaijan and beyond. Transitioning from a cash-focused business to a provider of both offline and online services, MPAY utilized SDK Finance’s software to integrate all terminals into one system. As MPAY expanded its ecosystem and added more services, SDK Finance’s software facilitated a seamless and efficient scale-up.
7. Nimble AppGenie
Founded in 2015, Nimble AppGenie is an Indian company passionate about crafting custom FinTech mobile apps for startups and established businesses alike. Their expertise lies in developing top-notch iOS and Android apps, designing user-friendly interfaces, rigorous testing, and ongoing maintenance to ensure your app thrives. They’ve helped clients like Yes Bank and IDFC Bank achieve their mobile FinTech goals.
Services
- Mobile App Development
- Website Development
- Software Development
- Blockchain Development
- Emerging Technology
Best for
- Offer eCommerce app development to help businesses reach a wider audience with their products.
- UI/UX Design
- Software Development
- Web Development
- Custom Mobile App Development
Value
- Excellence
- Collaborative
- Integrity
- Committed
- Fast, simple and successful
Case Study
NUJAXX is one of the best case studies for Nimble AppGenie, which is revolutionizing the music streaming landscape in the UK by offering a distinct approach to enjoying your beloved melodies. Accessible on iOS and Android platforms, this application presents a Discover section to delve into fresh music, a personalized My Studio for curated playlists, and an inventive Voucher system.
8. Miquido
Miquido, a Polish software development company established in 2009, is a trusted partner for banks, insurance companies, and other financial institutions seeking customized FinTech solutions. They offer a comprehensive range of services, including software development, consulting, system integration, and software maintenance, to help you achieve your specific goals. Renowned institutions like ING Bank Śląski and mBank rely on Miquido’s expertise.
Services
- Custom-Made FinTech Solutions
- AI and Machine Learning
- Digitalized and Automated FinTech Solutions
- Data Security
- Fraud Detection and Prevention
Best for
- Miquido is highly recommended for the following services: Mobile and Web App Development, Artificial Intelligence (AI), Product Design, Fintech Solutions, and Cloud-Based Banking Software Development
Value
- Transparency. Offering a thorough rationale for why the idea may not be effective and suggesting ways in which it could be improved. This is Miquido’s way of showing transparency.
- Innovation. Leverage cutting-edge technology to develop superior and highly efficient solutions, providing clients with an unmatched competitive edge.
- Business success. Miquido’s focus is not solely on coding but rather on providing clients with effective solutions that deliver business value.
- People growth. Miquido strives to foster their personal growth, enhance their competence, and ensure the customer’s satisfaction.
Case Study
Miquido partnered with GOmobile, a mobile banking application for BNP Paribas, to develop key personal finance modules and integrate mobile payment systems. They introduced innovative features like the GOtravel insurance module and a face recognition service for account opening. The resulting Google app has over a million downloads, a 4.8 average rating, and nearly 150,000 positive reviews.
9. Netguru
Netguru, a Polish company founded in 2008, can be your one-stop shop! They specialize in developing user-centric mobile apps (iOS and Android) and creating custom FinTech solutions for various industries. Their expertise in design, testing, and maintenance ensures your app stays ahead of the curve. They’ve even worked with automotive giants like Volkswagen and BMW.
Services
- Top-Level FinTech App Development
- Custom Software and Mobile Applications
- Digital Acceleration in FinTech
- Financial Technology Consulting
Best for
- Netguru is best known for its expertise in areas like digital acceleration, mobile and web app development, fintech solutions, eCommerce solutions, and healthcare solutions.
Value
- Surpass the expectations of clients and colleagues
- Assume responsibility and challenge the existing norms in a positive way
- Demonstrate courage, curiosity, and willingness to experiment – gain knowledge from both achievements and setbacks
- Conduct oneself in a manner that brings pride to everyone involved
- Foster an inclusive, open, and socially conscious environment
- Set high goals for personal growth and encourage the development of others
- Acknowledge outstanding performance and dedication
Case Study
Netguru collaborated on a project aimed at reimagining the user experience of the Lime Electric Scooter. Their focus was enhancing the app’s design and functionality to create a more user-friendly and efficient experience. This case study demonstrates Netguru’s commitment to delivering innovative and high-quality digital solutions.
10. Itexus
Established in 2001, Itexus brings extensive experience to the table, specializing in crafting custom FinTech solutions for banks, insurance companies, and other financial institutions in Poland. Their comprehensive services encompass software development, consulting, system integration, and software maintenance, ensuring your project runs smoothly from start to finish. They’ve built trust with prominent institutions like ING Bank Śląski and mBank.
Services
- Fintech Development
- Fintech Consulting
- Mobile Banking Development
- E-Wallet Development
- Digital Lending Systems Development
- Fintech UI/UX Design
Best for
- Itexus is best for businesses that want to do custom software development, mobile app development, financial software development, and fintech consulting.
Value
- Integrity: Itexus maintains the utmost level of integrity in every endeavor they undertake.
- Trust: Itexus cultivates an environment of trust, promoting transparent and sincere communication.
- Respect: Itexus recognizes the importance of diversity and treats every individual with respect.
- Passion: Itexus embraces teamwork, collaboration, and innovative ideas, fostering a spirit of celebration.
Case Study
Itexus is currently in the process of developing a mobile banking app for migrants, offering services like early paychecks and microloans. The app is undergoing PCI DSS certification and will soon be available. Plans include an Android version and an online check-cashing feature. The app aims to serve over 30 million users.
The full collection of the 10+ best fintech app development companies for 2024 is complete. In the section below, master the crucial tips and tricks to choose the right fintech app company.
How to Choose the Right Fintech App Development Company
The tips and tricks provided below will assist you in choosing the right fintech app development company capable of delivering outstanding outcomes in the development of financial applications:
1. Approach to Agile Development
Fintech app developers use models like Agile, Waterfall, and Scrum for product development. The fintech industry necessitates embracing innovation for competitiveness. Agile methodology, known for its flexibility and efficiency, enables quick market adaptation. Key Agile principles include:
- Focusing on people over processes
- Incorporating customer feedback for continuous improvement
- Breaking work into small segments, or “sprints.”.
2. Experience in Technology
Choosing a FinTech development partner with expertise in Fintech regulations, security, user experience, and cutting-edge technology is crucial.
- Navigating complex regulations: They ensure compliance and protect your business.
- Security: State-of-the-art measures safeguard sensitive financial data.
- User experience: Tailored interfaces cater to specific industry needs.
- Cutting-edge technology: Cloud computing improves efficiency, security, and cost-effectiveness.
According to SDK Finance, Using cloud computing efficiently in financial applications has the potential to enhance infrastructure cost efficiency by 29% and decrease the downtime of migrated applications by 57%, ultimately leading to a 26% reduction in costs related to technical breaches, as indicated by research conducted by McKinsey. Therefore, it is imperative for companies in the financial sector to embrace innovative technologies to create contemporary FinTech solutions.
3. Expertise in the Domain
Fintech apps need to follow industry best practices and standards to stay competitive. A development partner with expertise in finance can help you achieve this by staying updated on the latest trends and innovations. They also understand the unique challenges of the financial industry, like regulations and security, and can help you navigate them successfully.
4. Development of User-oriented Applications
User-centered design (UCD) prioritizes user needs over aesthetics, focusing on usability, accessibility, and satisfaction. Your business must choose an app development partner who uses UCD, not just follows client wishes, to ensure apps solve users’ problems.
Airbnb’s success exemplifies UCD. Their app makes browsing, communication, and booking easy, catering directly to user needs. Keep in mind that good apps solve user problems, not just client desires. Therefore, let’s consider choosing a UCD-focused development partner for success!
5. Check out their Portfolios and Case Studies
Evaluate potential FinTech development partners by reviewing their previous projects and case studies. Look for a diverse portfolio encompassing financial applications like mobile apps, transaction platforms, and banking solutions, especially in your niche.
Example: A fintech development partner like Synodus achieved notable success in numerous fintech projects. One of the prime examples of their excellence in fintech app development is their collaboration with Travala, a crypto-enabled Online Travel Agency valued at $2.4M. This partnership led to the creation of the pioneering Peer-to-Peer (P2P) Non-Fungible Token (NFT) trading platform, DeFi For You. This innovative platform allows users to convert physical assets into tokenized versions, marking a significant advancement in the fintech space.
DeFi For You’s journey has borne fruit, and the results are nothing short of remarkable:
- Total token supply: 861,416,467
- Wallet holders of DFY tokens: 28,700
- Transactions made with DFY: 120,000
- DFY tokens sold before listing on exchanges (IDO and pre-sale): 226,818,268
- DFY tokens burned in quarterly burns: 139,381,732
This impressive adoption rate speaks volumes about the platform’s reliability and success. It’s a testament to the hard work and dedication of the Synodus team. The launch marks a significant milestone in Adam’s entrepreneurial journey, adding another hallmark to his portfolio.
Takeaway: Checking past projects and case studies helps assess a development partner’s expertise and ability to deliver similar results for your specific needs.
With these tips and tricks in this section, you can filter and choose the right fintech app development company to cater to your own needs and desires.
Conclusion
In general, a fintech app development company plays a pivotal role in the financial technology sector. Thanks to advanced technologies, these companies are transforming traditional financial systems and services into more accessible, efficient, and secure digital platforms.
In addition, fintech app development companies not only enhance the customer experience but also promote financial inclusion, making financial services more accessible to the unbanked and underbanked populations. Therefore, the role of a fintech app development company is crucial in shaping the future of finance.
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