8 Best Fintech Apps (+Cost of Fintech App Development)

Are you running a fintech startup or fintech company or planning to launch a finance app? Do you have fintech startup ideas? Being a fintech mobile app development company, we have curated the best fintech apps of 2022 that are doing wonderfully well despite heavy competition in the finance industry. So, if you are planning to develop a money transfer, mobile payment and invoices app, fundraising, personal finance management, the stock market, or any kind of online banking app, online payment method, you must have a look at all these mobile apps.


Examples of fintech companies like MoneyLion, Robinhood, Nubank are raising money with some eye-opening figures. This signifies an excellent growth of mobile-only banks and the digital payment method. If you are aiming to be the next “fintech future” for the Gen Z, divide the finance app segment into three major parts. This will help in figuring out which genre is your app falling.

Types of fintech mobile apps 

  • There are mobile banking apps for money transfers, bill payments, invoices, expense trackers, omitting the bureaucracy of the banks.
  • Finance apps are created for stock trading, loans, savings, financial advice that allow users to generate profits in the stock market.
  • Blockchain and bitcoin, payment gateway integration apps.

The given bifurcation shows the best fintech apps in the fintech ecosystem that have managed to provide apt online banking services to the app users.

Types of Fintech Applications

Fintech Ecosystem

Now, let’s dive into the best fin tech apps that are currently doing exceptionally well and also are a great example of budgeting tools for you fintech companies, to understand their offerings, subscriptions, and features before developing your own finance mobile application solution or building your money lending app.

8 Best Fintech Apps 2022

Before taking a plunge into the detailed description of best fintech apps, let’s have a quick look at the 8 top fintech app table with their origin countries.

Sr NoBest Fintech AppsTotal FundingCountryPlay Store LinkApp Store Link
1MoneyLion$227.5 MillionUSAPlay storeApp store
2Robinhood$5.6 BillionUSAPlay storeApp store
3Chime$1.5 BillionUSAPlay storeApp store
4Nubank$2.3 BillionBrazilPlay storeApp store
5Mint$31.8 MillionUSAPlay storeApp store
6Revoult$1.7 BillionUKPlay storeApp store
7Coinbase$547.3 MillionUSAPlay storeApp store
8N26$819 MillionGermanyPlay storeApp store
  1. MoneyLion

    Country: USA
    Current Value: $1 billion

    This is one of the best FinTech apps in the USA which provides its users with financial advice and access to loans. It is currently included in the list of new FinTech apps. Although, this six-year-old startup allows to manage personal finance, operates as a part of lending, part savings, and part wealth management app as well. It has raised a $100million Series C round led by Edison Partners & Green Spring Associates. With this, the startup is currently valued at $1billion.

    How MoneyLion makes money?

    • The startup makes money from app subscriptions that cost $19.99 per month to each user and helps their bank accounts well in advance.

    How MoneyLion is different from other fintech apps?

    • It provides efficient online banking service across 55000 fee-free ATMs.
    • MoneyLion app also has a 5.99% APR loan to keep savings progress on track. This facility is specifically for MoneyLion Plus members.

    MoneyLionImage Credit: MoneyLion

    Top Features of the MoneyLion App

    • Instant transfer and zero-fee checking
    • Direct deposit to avail APR cash advances
    • 12% cashback rewards
    • Track the credit score
    • Real-time notifications for spendings

    Before moving on to the next mobile banking app, let’s have a look at the pros and cons of MoneyLion which will help you to improve your application development process.

    • Save, invest, borrow at the same place
    • Easy to access loans
    • Every user gets a cashback on purchases
    • Membership offers every possible facility free of charge
    • There are limited investment options
    • The pricing of the app depends on the set of features that a user is interested n Core or Credit Builder Plus membership.
  2. Robinhood

    Country: USA
    Current Value: $11.7 billion

    Robinhood app is an online brokerage industry disruption. The Menlo Park, a US-based free stock trading app, allows users to invest in public companies and exchange-traded funds listed on the US stock exchanges. The app has its own clearing system and no commission fees for investment in stocks, ETFs, cryptocurrencies. According to Techcrunch Robinhood, the trading app has raised a Series round of $323million led by DST Global. The business is now valued at $11.7 billion up from its Series D valuation of over $5billion.

    How Robinhood is different from other Fintech apps?

    • The stock investment app is a member of SIPC, which protects securities customers of its members upto $5,00,000.
    • Robinhood app integrates with 3500 banks including Chase, Wells Fargo, and Bank of America.

    personal finance app

    Image Credit: Robinhood

    Top Features of Robinhood app

    • List of investment options
    • Real-time market data analysis
    • Cash management tools
    • No-commission trading

    Have a look at the Robinhood app’s pros and cons which might give your mobile banking app a better perspective and idea.

    • Fast and easy digital account opening
    • Free stock and ETF trading
    • Multiple integrations for bank deposits which also helps in managing bank accounts.
    • It supports mobile and web platforms
    • Fewer educational material and lack of research reports
    • Limited product range and weak consumer support
  3. Chime

    Country- USA
    Current Value: $14.5 billion

    The Chime app is growing fast in the U.S.A as a mobile-only bank. It allows users to manage their spending and saving accounts with no hidden transaction fees. It is one of the best budgeting tools that allow users for multiple automatic saving options. Its large free ATM networking makes Chime one of the most convenient FinTech banking apps across the country.

    How Chime is different from other Fintech apps?

    • The money saving app prioritizes savings by automatically deducting 10% of the paycheck and directly deposit that amount in the savings account.
    • A user can access his paycheck 2 days earlier with direct deposit through Chime.
    • It provides efficient online banking service over 30,000 fee-free Moneypass ATMs.
    • The app for banking facilitates with no minimum balance, no overdraft, real-time transaction notification, sending money to family & friends.


    Image Credit:Chime

    Top Features of Chime app

    • Deposit directly to Chime account and get paid early
    • No hidden fees or monthly fees
    • Send money to family & friends with a free-fee mobile payment
    • Deposit instant checks
    • Support mobile payment apps

    Before ending this app, dive into its pros and cons which will help you in better comparison with other neo-banks.

    • The app only charges the ATM fees (access to over 38,000 ATMs)
    • It allow users for easy direct deposit or transfer (two days prior than the traditional banking)
    • Save automatically both when you spend and when you get paid
    • The savings account has low-interest rates
    • Limits the withdrawal or transfer of money from savings
    • The application development offers simple checking and savings accounts
  4. Nubank

    Country- Brazil
    Current Value- $30 billion

    The online banking application, Nubank, is a Brazil-based top fintech app and one of the best fintech startups. It becomes one of the top fintech apps by providing access to invoices and tracking spending by category to deleting purchases with Nubank Reward points earned. It gives real-time information about Credit cards, saving balance, and Nubank rewards. According to the recent news, the company has raised $400million Series F round of venture capital led by Woody Marshall of TCV. 

    • Nubank is considered as the sixth-largest financial institution by reaching 12million users within its home market.
    • The Wall Street Journal reported that the company has secured valuation over $10billion, potentially making it one of a shortlist of startup decacorns.  

     fintech mobile apps

    Image Credit: Nubank

    Top Features of Nubank App

    • Savings at user disposal
    • No-annuity credit card accepted worldwide
    • Rewarding point program
    • Informative blogs

    Understand the Nubank better with these pros and cons.

    • No transaction fees with unlimited TED
    • Credit cards are accepted worldwide with no annuity
    • Simple and easy user interface
    • Fixed fees applied to each cash withdrawal
    • The app automatically logout the user which creates inconvenience for them
  5. Mint

    Country- USA
    Current Value- $140 million

    Mint app is the most successful and one of the most popular fintech apps based in the USA when it comes to collecting relevant information about a user’s card, accounts, and transactions. The notification alerts remind users about the bills to pay, offer advice based on spending patterns. All data is encrypted with 256-bit encryption and the data exchanged with Mint is encrypted with 128-bit SSL.

     fintech apps

    Image Credit: Mint

    Top Features of Mint App

    • Manage bills and balances 
    • Create a budget and see the suggestions based on individual spending
    • Free credit score analysis with tips
    • Secured sign-up

    Before ending this app, dive into its pros and cons which will help you in better comparison with other neo-banks.

    • Notification alert related to financial summaries, unusual account activity
    • The app comes with easily downloadable transactions
    • The user can easily customize income and spending categories
    • Get the accurate net worth of cars, homes, and other physical assets
    • It doesn’t support multiple currencies and account reconciliation
    • One cannot assign several savings targets to one account
  6. Revoult

    Country- UK
    Current Value- $33 billion

    The London-based startup offers banking services including a prepaid debit card, currency exchange, cryptocurrency exchange, and peer-to-peer payments. The company is valued at $33 bn as fintech startups hit grow extraordinary growth trajectories to challenge the US giants. It is planning to raise $500m from investors and has accumulated 6 million users in just four years. 

    How Revolut is different from other Fintech apps?

    • The budgeting app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from mobile banking.
    • The customers are allowed to access to cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, bitcoin trial and XRP by exchanging to or from 25 fiat currencies. 

    top fintech apps

    Image Credit: Revolut

    Top Features of Revolut App

    • Instant spending notification after every card payment
    • Create a monthly budget for restaurants, groceries, transport that allows them in managing personal finance.
    • Overseas travel insurance 
    • Split the bill with friends and family calculations will be taken care in the app

    Understand the Revolut app better with these pros and cons.

    • Account opening and maintaining is free (no top-up or hidden fees for transactions)
    • The app can hold several currencies
    • It has advanced top fintech app features like crypto-trading, disposable virtual cards
    • Premium subscription with handy perks
    • No current account facility despite a banking license
    • Poor customer support
  7. Coinbase

    Country- USA
    Current Value- $1 billion

    Blockchain is becoming a trending technology in the fintech industry, so users are helped to navigate the blockchain and cryptocurrency world. Coinbase app is the largest cryptocurrency exchange based in the USA The app buys and sells popular digital currencies, and keeps track of them in one place.

    • It is the best investment app with over 25million users across 32 countries worldwide.
    • Over 98% of cryptocurrency is secured offline and the rest is protected by industry-leading online security.

    app for finance

    Image Credit: Coinbase

    Top Features of Coinbase App

    • Manage portfolio
    • Invest in real-time buying selling
    • Vault protection with time-delayed withdrawals

    Have a look at these pros and cons for better competitive analysis.

    • The app facilitates instant transfers between Coinbase users
    • It ensures Bitcoin deposit
    • The finance app has 2FA and multi-signature security option to avoid unauthorize
    • It provides users with online and mobile wallet services
    • The app does not support cryptocurrencies
    • Deposits and withdrawals are delayed for three days
    • The app provides slow support with constant account monitoring thus no user anonymity
  8. N26

    Country- Berlin
    Current Value- $2.7 billion

    This personal finance management app facilitates with fast, flexible, and transparent money management tools to control finances. It allows two free nationwide ATM withdrawals per month. Recently, N26 has raised $300 million in a Series D round led by Insight Venture Partners with Singapore’s sovereign wealth fund GIC and a few existing investors.

    • N26 has been featured in TechCrunch, WIRED, and Forbes and boasts over 65,000 five-star reviews worldwide.

    finance app

    Image Credit: N26

    Top Features of N26 App

    • Instant money transfer with MoenyBeam
    • Automatic generation of spending statistics
    • Account security with face or fingertip recognition
    • Organize and achieve financial goals with Spaces

    Understand the N26 app with pros and cons.

    • The app has a banking license
    • There are no monthly charges or top-up charges for maintaining and opening an account
    • A user can avail premium subscription with handy perks
    • The app can hold only one currency
    • Chat support is slow and the app lacks phone support
    • Lacks some budgeting and saving features like other neo-bank apps

    After studying the best fintech apps of the financial app world, let’s look at some common finance features that you should consider for your online banking application development.

Key Features Every Finance App Should Consider for App Development

  1. Secured sign-up

    The most important and the first feature which will decide the fate of the best fintech apps is security. It starts from the sign-up stage, where the users need assurance that the app is securing their financial information. It can be through unique code generation, facial identification, fingertip recognition, one-time message to the affiliated smartphone, mail alerts every time a user signs up through the app.

  2. Real-time notification

    Without opening the banking app, the user should come to know every update of his finances as well as finance industry news. The instant spending notifications, investment notifications, bill payment notifications increase the credibility and gradual user engagement growth of the app.

  3. Budget organization and analysis

    The budget organization helps users to show the actual finance spending they have in a month or a year. The analysis shows them the actual spent from the budgeted amount and how can they cut their expenses with some alternative. 

  4. Instant money transfer to friends & family

    With this feature, you can grab more engagement in your app through the user. The instant money transfer makes the life of a user and their loved ones much easier. Thus, provide your user with no-commission, no-fees, transfer.

  5. Investment advise and scheduled investing goals

    Through notifications, you can suggest an apt plan for investment to your users. Investment decisions should be at their disposal through a scheduling option. It can be weekly, monthly, quarterly as per individual spending is concerned. Thus, this will increase the goodwill of your finance app.

    Apart from these features, there are some must-have features listed by one of our best fintech app developers at Space-O Technologies who has experience of over 8 years of in developing apps.

    Features of Best Fintech Apps

    Sr NoPopular Features of Best
    Fintech Apps
    Approx Dev. Hours
    1Instant transfers24 Hrs
    2Fingerprint login1 Hr
    3Mobile P2P send36 Hrs
    4Mobile photo bill pay24 Hrs
    5Add a new payee8 Hrs
    6Use phone ATM12 Hrs
    7Set spending limits8 Hrs
    8Face detection5 Hrs
    9Compare spending4 Hrs
    10Voice banking app40 Hrs
    11Chatbot in messaging60 Hrs
    12Add profile photo/avatar4 Hrs
    13Mobile payment app integration10 Hrs
    14Push notification10 Hrs
    Subtotal246 Hrs

    If you are planning to integrate these features into your finance and banking app, here is how you can calculate the financial app development cost.

    Estimated Cost for Developing a Finance App

    The application development cost is majorly based on which platform are you opting for and the hourly rate of the financial app developer. For more clear idea, we have prepared a formula which will give you a rough estimation for your app.

    Suppose that the mobile app development company is charging $30 per hour.

    Apply this simple formula to know the cost of creating the best app.

    Estimated Development Hours * Developer’s Hourly Cost = Total Mobile App Development Cost

    After calculating the approximate cost, we are sure you are clear about how much to invest in your application development. With the offerings of fintech world, savings and investing options ranging from digital piggy banks to trading in cryptocurrencies, there are many investors eyeing on this sector.

    So, why are these huge investments taking place in the fintech apps?

    There can be possibly two answers for this kind of trending investment in the finance sector. 

    • Higher Returns (for profit generation and user engagement)
    • Diversified portfolio (to expand their business in other genres)

    With the diversified offerings in the finance space, investors are looking at getting the fundamentals right like profitability, unit-level of economics, customer acquisition cost. Recently best fintech companies like Robinhood has doubled its customer in the past one year to more than 6 million and newcomer, Stash, debuts the list with 3 million users- 80% of which are first-time investors. 

    Increased user engagement indicates more profitability which is accompanied by growth in customer acquisition cost and market economics for the investor’s business. Thus, the finance segment offerings are making investors keen to dive in and earn some breathtaking returns.

    If you are having any second thoughts on developing, discuss your mobile banking app idea with our app consultants. You will also get an idea about the current market trends, stock market, bitcoin cash, and other saving accounts in-app tactics.

    Fintech Industry Size 2020-2022

    • According to recent statistics from Fintechauscensus, they conducted a case study on six adaptive like Australia, Canada, Hong Kong, Singapore, the UK, the US who have surged from 16% in 2015 to 31% in 2017, to 60% in 2019. Thus the fintech industry is an ever-growing platform.

    finance app development

    • There is a stable growth when we see online financial services like money transfers and payments, savings and investments, insurance, borrowing. Herein there is a comparison of fintech categories ranked by adoption rate from 2015 to 2019.

    fintech categories ranked by adoption rate from 2015-2019

    Frequently Asked Questions

    What is fintech company?

    Fintech is a combination of “finance” and “technology.” Now people are no longer walking into a bank and requesting to check the balance. People are wanting to check the information in real-time on their smartphones.
    Through the leading fintech apps, fintech companies provide consumers to go online and see their financial transactions.

    What are the examples of fintech?

    1. Crowdfunding: It is a virtual fundraising network that enables users to receive or send money via apps. They enable businesses or individuals to conveniently use one location to pool funding from various sources. It is possible for fintech startups to reach out to investors for support rather than going to a traditional bank. It is also known as a p2p funding platform.
    2. Mobile Payments: Nowadays the exchange of money and online payment with a smartphone user has emerged to be some form of mobile payment. According to a recent report from Statista, the global payment market has surpassed $1 trillion in 2019. There are top fintech apps like Venmo that have made a lot of difference in the fintech economy.
    3. Blockchain and Cryptocurrency: Financial transactions have become faster and more secure. Some cryptocurrency trading platforms like Coinbase, Robinhood, have reduced costs, faster transactions, enhanced efficiency, better traceability, improved security, and increased transparency.
    4. Stock Trading and Robo Advice: The customers are able to seek financial advisors more efficiently and at a lower cost for the stock market. They tailor investment plans to the respondents’ unique attributes, including age, risk tolerance, current debt, personal assets, and such. Apps like Vanguard, Robinhood, are the best fintech apps for stock trading and Robo advice.

    How much is fintech worth?

    The global fintech market was valued at $127.66 billion and is expected to grow to $309.98 billion at an annual growth rate of 24.8% through 2022. Fintech has made payments for goods and services faster, easier, more convenient, and cost-efficient for customers. Fintech has become the B2C focus, including business models, consumer views, and blockchain technology.

    What is the best finance app?

    There are many branches of the financial service sector, thus, the best finance app in each of them are as follows:

    • Mint: Best Money Management App
    • Wally: Best Tracking Expenses App
    • Acorns: Best App for Easy Saving
    • Robinhood: Stock trading and Robo advice app
    • Venmo: Mobile Payment App
    • You Need a Budget: Best Debt App

    If you are planning to develop a finance app, you should definitely study the features and functionalities of these applications.

    Are money tracking apps safe?

    There are best banking apps like Mint, YNAB, that are protecting their user’s valuable information through blockchain technology as well as “read-only” access- meaning they can see financial activity but cannot make changes like transfer money without any consent. If you are planning to be among the best apps in the world, online users’ security is a must. Make sure, your app shows every purchase, bill, but not any of the bank login data. So, in any case, if your finance management app is hacked, he will not be able to hack the actual users’ bank accounts.

    Wrapping Up

    After going through the best finance apps guide, we assume you must have theoretically made the application, ready to launch. A mere idea is not what makes app successful, constant updates with current technological opportunity & market trends will let you stay a long time in this hyper-competitive app world.

    So, cross-verify your fintech app ideas with us as we are one of the leading mobile application development companies based in India, Canada, and the USA. We provide the best iOS app development services along with Android & Web solutions for your finance app ideas. We have developed mobile apps for different categories. Have a look at ftcash and PayNow for Stripe apps to have a clear idea. For a more versatile look at our work, you can visit “our work” section on our website.

    If still not satisfied then use these apps and test them to know our skills, until you feel we are the best choice when it comes to developing the best fintech apps.

    In any case, if you have any queries related to the exact cost of fintech application development, application development timeline of finance apps, best fintech apps design, how to make a fintech app, how do fintech apps make money, get in touch with us through our contact us form. One of our sales representatives will guide you through it. The initial consultation with our representative won’t cost you any money.

Author Bio
Bhaval Patel
Bhaval Patel

Bhaval Patel is a Director (Operations) at Space-O Technologies. He has 20+ years of experience helping startups and enterprises with custom software solutions to drive maximum results. Under his leadership, Space-O has won the 8th GESIA annual award for being the best mobile app development company. So far, he has validated more than 300 app ideas and successfully delivered 100 custom solutions using the technologies, such as Swift, Kotlin, React Native, Flutter, PHP, RoR, IoT, AI, NFC, AR/VR, Blockchain, NFT, and more.