Do you run a Fintech business?

Are you planning to build your fintech app?
Are you looking for some inspiration to develop an outstanding app for your Fintech startup?

If the answer to all the above questions is a big YES, then you’re in the right place. 

Initially, Fintech services were limited to banking operations and share trading only. But that’s not been the case since the launch of the Internet. It has revolutionized the entire range of industries, especially Fintech. From money lending/borrowing to investing in stocks, fintech has reshaped the lives of people and made it easy to conduct financial transactions.

This is high time to invest your time and efforts in apps like online banking apps, money transfer apps, or online payment method apps. To help kickstart while getting some inspiration, we have included the top 8 fintech apps that are doing absolutely great in the industry. 

Top Fintech Apps of 2024

Robinhood

Robinhood is an online stock brokerage firm offering commission-free investing in stocks, ETFs, and cryptocurrencies. It has its clearing system and raised $5.6 billion in funding, now valued at $11.2 billion. Unique features include commission-free cryptocurrency trading, direct IPO investments, and integration with 3500 banks. 

Top features comprise a wide range of investment options, real-time market data analysis, cash management tools, and no-commission trading. Robinhood stands out in the FinTech space for its user-friendly interface and accessibility to a diverse range of investors.

Chime

Chime is a rapidly growing mobile-only bank in the USA, offering users fee-free spending and saving account management. Its standout features include automatic savings deductions of 10% from paychecks, enabling early access to funds via direct deposit, and access to over 30,000 fee-free Moneypass ATMs. 

This app stands out for its absence of minimum balances, overdraft fees, and real-time transaction notifications. Key features encompass early paycheck access, no hidden or monthly fees, free mobile payments to family and friends, instant check deposits, and support for mobile payment apps. Chime prioritizes user savings and convenience, making it a top choice in the FinTech banking sector.

Moneylion

MoneyLion is a leading app in the USA backed by fintech app development services, offering financial advice and loan access. Acquiring Even Financial in 2021 expanded their distribution network. They generate revenue through a $19.99/month subscription service, premium banking solutions, cash advances, and credit builders. Notable investors include Apollo and BlackRock. 

MoneyLion stands out with organized banking across 55,000 fee-free ATMs and a 5.99% APR loan exclusive to MoneyLion Plus members. Key features include instant transfers, zero-fee checking, direct deposit for APR cash advances, 12% cashback rewards, credit score tracking, and real-time spending notifications.

Nubank

Nubank, a leading Brazil-based FinTech app, offers instant money transfers, invoice access, and spending tracking categorized by Nubank reward points. Recently, it raised $650 million in a post-IPO debt round, solidifying its status as one of the top FinTech startups. With real-time credit card information, savings balances, and Nubank rewards, it serves 12 million users and holds a valuation exceeding $10 billion. 

Key features include user savings options, globally accepted no-annual-fee credit cards, a rewarding point program, and informative blogs. Nubank's innovative approach positions it as a key player in the FinTech industry, potentially joining the ranks of Decacorns (enterprises with a valuation of over 10 billion).

Mint

Mint, a prominent US-based FinTech app, excels in gathering user financial information, managing transactions, paying bills, and budgeting. It offers notification alerts for bill reminders and personalized spending advice. Data security is ensured through 256-bit encryption for stored data and 128-bit SSL encryption for data exchange. 

Key features include bill and balance management, personalized budget creation, free credit score analysis with tips, and secured sign-up processes. Before deciding on Mint, evaluating its pros and cons aids in comparing it with other neo-banks, facilitating informed decision-making for users seeking reliable financial management solutions.

Coinbase

Blockchain technology is gaining momentum in the FinTech app development services sector, providing users access to cryptocurrencies. Coinbase, the largest US-based cryptocurrency exchange, offers a user-friendly app for buying, selling, and tracking digital currencies. 

With over 110 million users across 100+ countries, Coinbase is renowned as an excellent app backed by investment app development services. Security measures include offline storage for over 98% of cryptocurrencies and robust online security protocols. Key features comprise portfolio management, real-time cryptocurrency investments, and vault protection with time-delayed withdrawals. Coinbase's commitment to user-friendly interfaces and stringent security measures solidifies its position as a leading platform in the cryptocurrency world.

Revolut

Revolut, a London-based mobile banking platform, stands out by offering a comprehensive range of banking services, including prepaid debit card ordering, currency exchange, cryptocurrency exchange, and peer-to-peer payments. Valued at $33 billion, it challenges US giants with rapid growth and $800 million Series E funding for building a super-app. 

Unique features include support for spending and ATM withdrawals in 120 currencies, cryptocurrency access, and overseas travel insurance. Top features encompass instant spending notifications, customizable monthly budgets, split bill calculations, and access to a wide range of cryptocurrencies. 

N26

N26 is a personal finance management app offering fast, flexible, and transparent money management tools and two free nationwide ATM withdrawals monthly. With a recent $900 million Series E funding, N26 reached a $9 billion valuation and gained recognition in TechCrunch, WIRED, and Forbes, alongside over 65,000 five-star reviews worldwide. 

Its top features include instant money transfer with MoneyBeam, automatic spending statistics generation, account security with face or fingertip recognition, and the ability to organize and achieve financial goals with Spaces. N26's combination of innovative features, security, and user-friendly interface solidifies its position as a leading choice for managing finances.

Benefits of Fintech Apps 

Better Financial Management

Fintech apps offer comprehensive money management by integrating various accounts like bank, credit cards, and investments into one platform. They track spending in real time, provide insights into financial habits, and facilitate budget management. With features like goal setting and personalized tips backed by custom software development services, these apps empower users to make informed financial decisions and achieve their financial goals effectively.

Accessibility and Convenience

Fintech apps simplify money management, accessible anytime and anywhere online. With just a tap on your phone, users can check balances, send money, pay bills, and invest in stocks or cryptocurrencies swiftly. Designed for ease of use, these apps empower users of all financial expertise levels to navigate them seamlessly, making financial decisions effortlessly convenient and straightforward.

Security and Privacy

New safety features in fintech apps address concerns about security. They include locking up data securely, using fingerprint or face recognition for access, and requiring verification for important actions. These measures prevent unauthorized access to user information, ensuring that their money and personal data remain safe. Knowing that these protections are in place instills confidence in users, making them feel more secure about using the apps.

Personalized Financial Services

Fintech apps are beneficial because they tailor their services specifically to you. They offer personalized advice, and investment recommendations, and suggest financial products based on your preferences and financial habits. This personalized approach simplifies money management by providing guidance and solutions that align with your needs and goals, making it easier to handle your finances effectively.

Financial Inclusion

Fintech apps are beneficial for people with limited resources or access to traditional banks. They enable individuals to access financial services such as savings accounts and loans using just a smartphone. This is significant as it empowers more people, including those in remote or underserved areas, to better manage their finances and pursue opportunities for financial improvement in their lives.

Cost Savings

With a plethora of tools and functionalities, Fintech apps can help your save money instantly. If you know spending trackers and automatic budgeting, you must have an idea that these features can show you if you’re spending too much money and assist you in cutting your expenses. What’s more, these apps make it fairly cheaper to invest in shares, stocks, and other securities. Additionally, many of the fintech apps offer personalized advice to help you make the best financial solutions for you. 

Conclusion

As globalization makes waves in every industry, the demand of fintech apps is not going to take any downturn. This presents a great opportunity for young startup entrepreneurs and established companies to invest in fintech apps and tailor them, as per their business objectives and customer demands. Above is the list of Fintech apps that can prove to be no less than an inspiration for you to start your journey.

For better outcomes, you should consider hiring a fintech app development company. The experts of any leading company can help you right from the conceptualization to the launch of your app. Not only, that but they will provide you with post-development support and maintenance services.

So, get your ball rolling!