In 2024, the global neobank market reached an impressive $66.9 billion—and it’s projected to soar past $722 billion by 2030. As the demand for digital-first banking continues to rise, financial institutions are racing to launch modern, user-centric platforms. But success hinges on more than just building an app—it requires partnering with the right neobank app development company that understands the industry’s regulatory demands, security priorities, and need for seamless scalability.
In this guide, we’ll introduce 10 top neobank app development companies and help you identify which partner aligns best with your fintech strategy, budget, and scalability needs.
10 Leading neobank app development companies
Get a quick glimpse of how the top players stack up with this comparison table—then we’ll break down each company’s strengths in detail:
| Firm | Location | Team size | Rate/hour | Rating |
|---|---|---|---|---|
| Synodus | Vietnam, Singapore | >250 | < $25 | 5/5 |
| Itexus | Poland | >300 | $25 – $49 | 4.9/5 |
| Appinventiv | USA | >1600 | $25 – $49 | 4.7/5 |
| Innowise | Poland | >1000 | $50 – $99 | 4.8/5 |
| DashDevs | Ukraine | >50 | $50 – $99 | 4.8/5 |
| Netguru | Poland | >500 | $50 – $99 | 4.8/5 |
| Cleveroad | USA | >250 | $25 – $49 | 4.7/5 |
| CoreBlue | UK | <50 | $100 – $149 | 5/5 |
| SDK.finance | Lithuania | <50 | N/A | N/A |
| Maticz | India | <250 | $25 – $49 | 4.8/5 |
1. Synodus
Synodus stands out as one of the most capable neobank app development companies in the Asia-Pacific region. Headquartered in Vietnam and operating since 2018, the company has completed 100+ digital projects, with over 30 focused on fintech and neobank platform. What sets Synodus apart is not just delivery speed but long-term commitment—many of their fintech clients stay with them for 2–3 years, citing consistent results and solid technical grounding.
Clients include major regional banks such as MB Bank, Techcombank, Vietcombank, as well as global firms like KPMG and BOC Aviation. Synodus’s solutions are known for being scalable, mobile-first, ISO 27001-compliant, and optimized for real-time payments, KYC/AML automation, and API-first banking infrastructure. The company also supports fast MVP delivery, often within 3–5 months, while maintaining enterprise-grade quality.
Synodus empowers neobank projects with capabilities like:
- Mobile & web app development for neobanks
- Real-time data pipelines and transaction systems
- Third-party API & legacy system integration
- Low-code modules to accelerate rollout
- ETL automation and financial data dashboards
- UX/UI design built for compliance-heavy environments
Their track record that speaks volumes:
- In just 5 months, Synodus built and launched a digital wallet for an APAC startup. The platform now supports over 1 million users, with 99.99% uptime, real-time QR payments, and eKYC onboarding—all maintained under peak traffic conditions.
- For a leading Southeast Asian bank, Techcombank, Synodus engineered a custom data automation system. The result: 80% faster data processing, 95% accuracy, and reporting cycles reduced from 72 hours to just 4.
Clients value Synodus for its ability to deliver fast, secure, and compliant fintech solutions without compromising clarity or structure. They consistently highlight three things:
- Clear and responsive communication throughout all project phases
- Well-organized technical documentation that eases onboarding and handover
- Reliable delivery timelines, even for complex, regulation-bound systems
In short, Synodus is a strong fit for fintech startups aiming to develop a neobank app and launch MVPs within 3–5 months, with the scalability to expand across Southeast Asia. It’s also well-suited for regional banks looking to digitize customer onboarding, payment systems, or internal data workflows—without the need to replace their existing core banking platforms
2. Itexus
Founded in 2013, Itexus positions itself as a FinTech-first partner, and has supported a range of projects across digital banking, payments, and wealth management—always with a clear focus on compliance and scalability. This firm offers deep expertise in digital banking, payment platforms, crypto solutions, lending, and insurance applications.
What distinguishes Itexus is its focus on security and regulatory alignment, offering PCI-DSS-compliant products and incorporating best-in-class standards such as ISO 27000, TLS 1.2 encryption, and Azure Key Vault integration.
Its neobank development capabilities include:
- Banking-specific UI/UX design
- Architecture and cyber security consulting
- API integrations and legacy modernization
- Full CI/CD setup and DevOps operations
- PCI-aligned secure development practices.
This firm has delivered standout projects in the neobanking space. For instance:
- Migrant neobank app that delivered in 13 months, this app supports P2P transfers, early wage access, virtual/physical card issuance, and microloans with no fees. Integrated with Mbanq for banking services and Alloy for KYC, it is projected to serve over 30 million users.
- Another success story involves an AI-driven wealth management platform developed for a top-20 global asset manager. After deployment, it halved advisor prep time and helped double post-launch sales, all within just eight months.
Clients consistently praise Itexus for its clear communication, agile mindset, and strong project execution. Though some reviews mention slight delays in early scoping stages, the overall experience is described as highly professional.
Itexus serves clients from early-stage fintech ventures to global financial institutions, particularly across North America, Europe, and the Gulf region.
3. Appinventiv
Appinventiv was founded in 2015 and quickly scaled to a team of over 1,600 professionals across multiple regions. The company has delivered over 3,000 digital solutions across 35+ industries, with a strong focus on financial services. It has earned recognition from Deloitte’s Tech Fast 50 and is an AWS Advanced Tier Partner. For the NeoBank niche, Appinventiv has always built with a firm commitment to security and regulatory compliance, including PCI DSS, GDPR, and PSD2 standards.
Key services of Appinventiv that are related to Neobank development include:
- Custom banking and EMV app development
- Lending and risk management software
- Payment gateway integration
- Banking CRM systems
- Investment portfolio management solutions
This company has led several impressive neobank-related initiatives, such as:
- For a major international bank, Appinventiv built an AI-enhanced banking platform that automated ATM forecasting, customer service bots, and churn prediction. The result? A 35% reduction in manual effort and a 20% increase in customer retention.
- Another notable project involved building a mobile financial literacy app aimed at Gen Z users. Originally based on the Edfundo concept, the app gained traction as a smart money tool for children, helping its clients raise $500K in pre-seed funding.
Appinventiv’s clients appreciate their responsiveness, willingness to adjust to scope changes, and round-the-clock support. However, a few reviews highlight communication delays on complex projects.
With a minimum engagement size of $50K, Appinventiv is ideal for both ambitious startups and global enterprise clients looking to digitize their financial services offerings.
4. Innowise group
Innowise Group is a prominent neobank app development company. Up to date, the company has completed more than 1,300 projects, many of which focus on digital banking. A standout feature of Innowise is Innobank—its customizable white-label banking platform. This solution allows neobanks to launch quickly while ensuring compliance with key standards like GDPR and ISO 27001.
Besides, Innowise offers end-to-end services for neobank development, including:
- Fintech consulting and business analysis
- Web and mobile app design with modern UI/UX
- Integration of APIs and replacement of outdated core banking systems
- AI-powered fraud detection tools
- Cloud infrastructure setup, DevOps, and CI/CD pipelines
This company has a proven ability to deliver impactful results:
- In one project, they revamped the QA process of a digital bank, cutting bugs by 80% and tripling issue resolution speed.
- In another case, their AI fraud detection system reached 99.3% accuracy, performing 2.4× faster than the client’s older solution—helping minimize false alerts and improve user trust.
Clients frequently commend Innowise for its deep technical know-how and a mindset that’s wired for solving complex problems. The team’s ability to translate ambitious ideas into scalable fintech solutions stands out. That said, collaborating across multiple time zones isn’t always seamless—a hurdle some clients have noted.
Today, Innowise works with clients of all sizes—from startups building MVPs under $50K to enterprises investing over $600K in advanced neobank platforms.
5. DashDevs
DashDevs stands out in the neobank app development space for its deep industry insight and ability to craft customized fintech solutions. With a presence across key global markets, the company has earned the trust of high-profile clients such as RakBank, PWC,…
A major strength of DashDevs is FintechCore. This is a ready-made, white-label banking platform that helps clients launch apps fast—sometimes in under three months.
DashDevs also offers a wide range of services tailored to neobank development. These include:
- Open banking APIs and third-party integrations
- Support for issuing both virtual and physical cards
- AML and fraud detection systems
- Cross-border payment and currency exchange tools
- KYC/KYB verification solutions
- Full-scale payment orchestration platforms
DashDevs has completed several standout projects in the neobank space.
- For MuchBetter e-wallet, they delivered a feature-packed app in just four months with a $120K budget and a small team. The app now runs in 180+ countries, connects with over 300 merchants, and boasts 99.9% uptime.
- In another case, they helped build the UK-based Chip Savings App. It was finished in only three months and uses AI to automate saving decisions. Today, the app has around 500,000 users, each saving an average of £250.
Clients praise DashDevs for its sharp design, fast delivery, and strong technical skills. However, some have suggested more proactive communication across time zones.
6. Netguru
Netguru, founded in 2008, is a recognized neobank app development company, consistently ranked in the Deloitte Fast 50 and FT1000 for Europe’s fastest-growing firms. The team specializes in fintech, with strong expertise in mobile banking, digital wallets, payment systems, and secure, compliant architectures. Their solutions follow GDPR, PSD2, and PCI-DSS standards, and support KYC and AML features when required.
For neobank clients, Netguru offers a full stack of services:
- Fast MVP design and rollout
- End-to-end app development
- Modern UI/UX with user-first thinking
- Help with upgrading or replacing legacy platforms
- Built-in fraud detection tools
- Staff augmentation
Some of their best-known neobank projects include:
- For the Candis invoice app, Netguru built a mobile MVP in just 16 weeks. As a result, invoice approval times dropped from days to under two hours. The app now serves around 2,400 users and processes 1,200 invoices per month.
- Another project, European Card, led to a secure mobile payments app. Users can send money with just a phone number. Within months, it reached over 50,000 downloads on Google Play and earned an impressive NPS score of 9.
Clients often praise Netguru’s technical strength, smooth collaboration, and flexibility. The only downside? Their rates tend to be higher than some local alternatives.
From agile startups like Solarisbank to global names like IKEA, UBS, and Volkswagen, Netguru has shown it can deliver for both newcomers and industry giants.
7. Cleveroad
Cleveroad has been delivering neobanking app development company since 2011. The company handles 25 to 40 projects annually, with fintech as one of its primary sectors. Their experience in digital banking is both wide and hands-on. Cleveroad helps banks and fintech firms launch online banking platforms, mobile wallets, trading apps, and digital onboarding tools. These systems usually integrate smoothly with existing core banking setups. That means clients can go digital without tearing down legacy systems.
For neobank app development, Cleveroad provides a full range of services:
- Clean and intuitive UI/UX design made for banking apps
- Full-cycle web and mobile app development
- Integration with APIs and third-party services
- Support for modernizing old systems
- Built-in tools for fraud detection and compliance
Here’s a real example from their work: Cleveroad recently worked with a Swiss investment bank. The goal was to improve its digital onboarding flow. The team built a full solution with automated KYC and digital account opening. Thanks to this, the bank saw fewer user drop-offs and better compliance.
Clients often describe Cleveroad as reliable and detail-oriented. Many praise their thorough testing, clear communication, and smooth project handling. Some did mention minor time zone challenges. But these were usually managed well and didn’t affect results.
Cleveroad is a great match for fintech startups building MVPs on budgets from $10,000. It also partners with established banks on long-term digital transformation projects.
8. CoreBlue
CoreBlue is a London-based neobank app development company founded in 2015. Although relatively smaller in scale, the company has already completed over 50 custom software projects. Many of these are in the fintech and banking space. Their client list includes well-known names like PayPoint and the Bank of Kigali.
CoreBlue is also serious about security and quality. The company holds ISO 27001 and ISO 9001 certifications. This helps build trust and shows their commitment to high standards.
They offer a full range of services for building neobank platforms, such as:
- Custom software development for financial services
- Native and cross-platform mobile apps
- Cloud systems and backend architecture
- Secure infrastructure setup and ongoing maintenance
What makes CoreBlue stand out is their clear communication and flexible process. Clients often mention how well the team uses tools like Slack and Zoom to stay on track. Their agile workflow makes it easy to adapt to changes. At the same time, their focus on quality ensures reliable results at every step.
CoreBlue is a great fit for fintech startups and fast-growing companies. They work best with teams looking for a hands-on, collaborative partner to bring their digital banking ideas to life.
9. SDK.finance
SDK.finance has been around since 2013. The company is known for building solid fintech infrastructure made specifically for digital banking and neobank platforms. They hold PCI DSS Level 1 certification, which is the highest standard for payment security. They’re also working toward SOC 2 compliance to strengthen trust even further.
One of SDK.finance biggest strengths is the scalable core banking engine. It can handle over 2,700 transactions per second. That adds up to more than 12.6 billion transactions per year. This makes SDK.finance a strong choice for high-volume fintech products and fast-growing neobanks.
SDK.finance’s neobank services cover everything clients need to launch and scale, including:
- White-label banking platforms
- Scalable core systems
- Full mobile and web app development
- UI/UX design focused on financial users
- Integration with third-party APIs
- Migration from outdated systems
- Built-in AML and fraud detection
- DevOps and deployment support
They’ve already delivered several successful neobank projects. For example:
- SDK.finance helped MPAY switch from a physical kiosk model to a fully digital wallet platform. By using SDK’s ledger layer and source code, MPAY launched faster and added features like multi-currency support. This improved both user satisfaction and adoption.
- Another major win was with Geidea, a large payment provider in the MENA region. Geidea used SDK’s system to process over 4 million transactions daily across 700,000 POS terminals. This improved real-time tracking and helped Geidea maintain its 75% market share in Saudi Arabia.
Clients often praise SDK.finance for its flexibility, scalability, and fast deployment. Still, a few reviews mention that customer support could respond more quickly.
SDK.finance is especially popular among startups and mid-sized banks. It’s a smart choice for teams looking to launch digital products without overspending.
10. Maticz
Maticz, founded in 2020, has quickly gained traction in fintech, serving 200+ clients across many countries. The team has built multiple neobank platforms from scratch and actively supports Web3, blockchain, and DeFi projects.
When it comes to neobank app development, Maticz offers a wide range of services, including:
- Custom-built neobank apps
- Open banking API integrations
- Virtual and physical card issuance
- Cross-border payments and currency exchange
- Crypto-friendly banking features
- Compliance-first design with strong data protection
They’ve completed some standout neobank projects with impressive results.
- For a European neobank, Maticz built a cloud-native MVP that onboarded 1 million users in just 6 months. It cut KYC time by 60%, maintained 99.98% uptime, and included features like biometric sign-up and automated DevOps pipelines
- In another project, the team developed a DeFi-based crypto wallet. It now handles over $75 million in monthly transactions. Users can complete KYC in just 2 minutes, use multiple currencies, and verify identity via tools like Jumio and Sumsub.
Clients love the quality of Maticz’s work. They often mention the clean code, polished UI, and how the final product exceeds expectations. Agile workflows and clear communication are also big pluses. On the flip side, a few clients suggest improving QA during MVP stages and offering better admin panel guides or extended post-launch support.
Maticz is a great choice for startups launching neobank apps, crypto-banking platforms, or fintech products that handle global payments.
How to choose the right neobank app development partner?
Pick the wrong neobank application development company, and you might find yourself months behind schedule and thousands of dollars over budget. But choose well? You’ll go to market faster, with confidence in your infrastructure, scalability, and compliance from day one.
So, how do you make the right call? Let’s break it down—clearly and practically.
Delivery capability
1. Technical expertise
Look for a vendor that doesn’t just write clean code, but truly understands the building blocks of digital banking infrastructure. Have they worked with financial APIs like Plaid, Yodlee, or Open Banking in the UK/EU? Can they build microservices architectures with features like circuit breakers, logging, load balancing, and containerized services?
Cloud-native development (on AWS, Azure, or GCP) is essential. Bonus points if they’ve implemented modular core banking solutions like Mambu or Thought Machine. Most importantly, make sure they’ve delivered production-grade products, not just prototypes.
So, how to verify their technical capabilities in real life?
- Request a portfolio that lists at least 3 completed fintech projects, including details of the APIs integrated, stack used, and outcome (e.g. user base, uptime).
- Ask for a real architecture diagram (not a mockup) of a deployed cloud-based banking product—should include API gateway, DB layer, caching, and monitoring layers.
2. Team capacity & structure
You’re not just hiring developers, you’re entrusting a team to build critical financial infrastructure. That means you need more than coding talent. A great neobank app development company brings a full in-house team: PMs, Business Analysts, QA engineers, DevOps, and Security experts—all aligned under a clear structure.
Why does this matter? Because fintech projects demand high coordination, rapid iteration, and tight security. If your vendor can’t scale quickly or loses a key team member mid-project, you risk delays, compliance issues, or worse—loss of trust from users and investors.
To assess their readiness:
- Request an org chart and bio of the key roles involved
- Discuss their team-scaling process: “If we need to grow from 6 to 12 developers in 4 weeks, what’s your onboarding pipeline?”
3. Time to market
Fintech is a race. If it takes you six months to launch an MVP, someone else might already dominate the market. Your ideal partner should be able to deliver a solid, compliant MVP in under 12–16 weeks, with quality and scalability intact.
It’s not just about coding fast. Agile/Scrum efficiency matters: short prints, clear milestones, active stakeholder input, and transparent tracking help reduce delays and manage risks early.
You can evaluate their speed and agility like this:
- Request a sample MVP roadmap that clearly outlines timeline, phases (discovery, design, dev, QA), and key milestones.
- Review real MVPs they’ve launched within 3–4 months, including team size and sprint breakdown.
Launch your neobank MVP in weeks
Market & industry experience
1. Fintech domain exposure
You don’t want a team that just dabbled in fintech—you want one that’s shipped compliant, real-world products. They should know how to build with GDPR, PCI DSS, and PSD2 in mind. If they’ve worked with sandbox environments (especially for PSD2 or EMIs), they’re more likely to help you pass audits with confidence.
Check their domain fluency by:
- Request a list of products they’ve built that successfully passed compliance checks (certificates, audit reports, or client letters).
- If possible, speak directly to a past fintech client and ask: “How well did they manage compliance under pressure?”
2. Years of operation & client base
Experience matters—but only if it’s relevant. A 10-year-old software company that just started doing fintech last year is not ideal. You want someone with a steady track record in fintech—not only digital wallets, but also challenger banks, P2P lenders, or cross-border payment services.
Check customer reviews on platforms like the company’s website, Clutch, Google, and other trusted sources.
3. Approach to partnership
A reliable neobank tech partner won’t just deliver code and disappear. They’ll stay involved post-launch, offer support for at least 3–6 months, and maintain a transparent communication rhythm. Look for those who offer proactive demo calls, weekly reports, and escalation paths when things go wrong.
Additionally, knowledge sharing and training are essential. Your partner should be able to provide the necessary training and resources for your team to operate the product efficiently post-launch.
Furthermore, a great partner will emphasize continuous improvement and work with you to iterate on the product, adding new features, enhancements, or optimizations over time. Look for partners who are open to future collaborations and evolving the product based on your growing business needs.
Wrapping up
There’s no “best” neobank app development company—only the one that fits your goals and growth stage best. Before you decide, get clear on what matters most: Is it launching an MVP fast? Integrating with legacy systems? Top-tier security? Or a flawless UI/UX experience?
Once you know your priorities, match them with the right strengths:
- Need to go live in under 3 months? Choose a team with a proven track record of rapid MVP delivery.
- Legacy integration a must? Look for companies experienced in working with core banking systems.
- Security your top concern? Focus on partners with global certifications like PCI DSS, ISO 27001, or SOC 2.
Choose wisely, and you’ll be well-positioned to capture the next wave of digital banking innovation!
