Brad Garlinghouse, CEO of Ripples, one of the top fintech mobile apps, once quoted 

“As I was looking around, to me, what was happening in the blockchain and crypto world was a movement.”

And it is no surprise how technology in the financial domain is giving tough competition to the traditional methods of delivering financial services. The fintech universe has startups and established financial institutions that leverage the power of technology. The startups are coming up with innovative ideas to replace traditional cards and cash, and the established institutions are trying to upscale user experience by making everything available online.

The market for fintech mobile apps has expanded with increased crypto awareness and investment. If you want to build a fintech app, then a robust market analysis is necessary. It would help if you were well-acquainted with the market leaders, their USPs, and their pitfalls to make a strong presence.

What Is Fintech Mobile App: Long Story Told Short

In the simplest terms, Fintech Mobile apps are the ones that let you make transactions in a few clicks. The history of Fintech can be traced back to the 1950s and 60s when credit cards and ATMs were gaining popularity worldwide. Since then, technology has been changing the common person’s transaction modes. Back then, Fintech was all about back office bank operations and trading, and now it is everything you can think of doing with your fiat currency. 

With time the term Fintech has grown more substantial and more prominent. Advanced technology plays a significant role in giving the industry its face Today. The four pillars of Fintech building are Artificial Intelligence, Blockchain, Cloud Computing, and Big Data. 

The AI algorithm reflects on customers’ expenditure patterns, helping financial institutions understand their users better and offer customized services through fintech mobile apps. RPA, a part of Artificial Intelligence, is used to automate the tasks to be performed regularly. In big data, the market and the client’s investments are analyzed to create new 

Cloud computing saves the data and ensures that the information shared is stored in a protected environment. Blockchain is a growing technology that is decentralized in nature. It can eliminate the need for any third-party integration to make the payments. Best fintech startups use the technology to offer their users a safe and secure transaction platform.

recommendation: Top Blockchain App Development Companies

In today’s world, technology is king, and the Fintech domain is growing faster than any other. Here is a fact that supports the statement: We are in the middle of 2024, and there are already 60 startups that have gained the status of Unicorn. Fintech mobile apps have shown impressive numbers, and the growth is exponential. 

Fintech Mobile App – Amazing Stats

• By mid-2024, there are 363 fintech unicorns, which show a significant growth as compared to previous years.

• The total value of digital transactions is expected to be $11.53 trillion by the end of the year 2024. (source: Statista)

• The fintech industry is expected to be worth $917.17 billion by 2032, growing with a compound annual growth rate of 16.8%. (source: expert market research)

• The fintech market has over 26,000 startups.

• Over 60% of Credit Unions and 49% of Banks rely on fintech partnerships. (source: finance online)

• The Neobanking segment in the fintech market is expected to have sustainable growth in the future, with the transaction value of $10.44 trillion by 2028. (source: Statista)

• According to the latest research, the digital payments market is expected to grow at a rate of 9.52% during the forecast period of 2024-2028, and the market volume will reach $16.59 trillion in 2028.

• 53% of Americans prefer to use digital wallets rather than the physical methods of payment.

• The e-wallet market is expected to reach $124.6 billion in 2024 and $590.2 billion by 2032. (source: market research future)

• The use of AI-based fraud detection systems in the fintech industry has been known to reduce investigation time by 70% while at the same time improving accuracy by 90%.

Some of the best fintech mobile applications that are ruling the market now can help you build a unique fintech application that makes things easier for you. To get digital wallet app development solutions click here.

20+ Best Fintech Mobile Apps You Need to Check Today!

Before we check the list of the top fintech mobile apps, let’s see the types. 

Yes, you can choose from different types of fintech applications in the market. Depending on the operations and functions, you can select the right fintech ideas for your business. 

• Robo Advisors and Personal Finance: The applications that individuals use to invest and track their expenses. 

Recommended Read: Personal Finance Management App Development

• RegTechs: The applications that regulate, monitor, and control financial compliances.

• Digital Banks and Banking Services: The best pay apps and banking applications lie under this segment. 

• Payments and Remittance: The applications that are used for digital transactions. 

• Blockchain and Bitcoin: The applications that are used to make investments in the crypto exchange. 

• Insuretech: The applications talk about insurances and their clearances online. 

Financial app developers list some of the best applications from each category that you can read and review before you decide to enter the market with your application. 

Application Name	Available On	Market Value
Coinbase	Android | iOS	$85.7 Billion
Revolut	Android | iOS	$33 Billion
Robinhood	Android | iOS	$32 Billion
Nubank	Android | iOS	$30 Billion
Chime	Android | iOS	$25 Billion
Finch	Android | iOS	$15 Million
N26	Android | iOS	$3.5 Billion
MoneyLion	Android | iOS	$2.9 Billion
Acorns	Android | iOS	$1.9 billion
Earnin	Android | iOS	$800 Million
Tellus	Android | iOS	$265 Million
Mint	Android | iOS	$103 Million
Monzo	iOS & Android	$4.5 billion
Venmo	iOS & Android	$75 billion
Cash App	iOS & Android	$39 billion
Zopa	iOS & Android	$1.5 billion
Klarna	iOS & Android	$6 billion
Plaid	iOS & Android	$13.4 billion
SoFi	iOS & Android	$8 billion
Starling Bank	iOS & Android	$4.5 billion
Wise	iOS & Android	$11.5 billion

1. Coinbase: Buy Bitcoin & Ether

One of the most popular fintech mobile apps for purchasing, storing, and exchanging cryptocurrencies, Coinbase has more than 68 million users. The application has gained a solid customer base and is trusted by naive and experienced crypto investors. If you are new to crypto investment, our experts suggest using the application. It is simple to use and offers trading in over 100 different currencies.

The Pro edition is ladened with extended features and is available for more experienced users. Even though Coinbase charges a lot more than other crypto trading platforms, its ease of navigation and interactive user interface makes it one of the best in the market.

Standout Features of Coinbase:

• Deals with cryptocurrency. Thus, the chances of fraud and hacking are reduced several folds.
• Integrated videos and tests to help users learn and understand cryptocurrency.
• Low account funding threshold.

Advantages:

• The application offers immediate transfer of amount with other users
• Has 2FA and multi-signature security
• Has mobile and web services

Disadvantages:

• Delay in fund deposits
• It doesn’t back cryptocurrency
• Security can be an issue here

Android App

Read More: How to Develop a Blockchain Wallet App

2. Revolut

Revolut is one of the most exemplary fintech startup ideas of its time. It offers the users a feature-rich banking and payment experience along with a prepaid debit card that can be used for international purchases and ATM withdrawals. One can receive payments, convert currencies, and manage day-to-day banking with Revolut.

Recommended Read: P2P Payment App Development Company

Standout Features of Coinbase:

• Make international transactions as easy as national transactions.
• Use various currencies from the same application simultaneously.
• One can do crypto trading and gold trading from the application.
• Discounts and rebates are offered as benefits when using Revolut cards.
• Easily split the bills with your friends.
• Manage spending by setting the limit to expenses via card.

Advantages:

• No fee for account opening
• The application can deal with multiple currencies
• Supports crypto trading

Disadvantages:

• Sluggish customer support

iOS App
Android App

3. Robinhood: Stocks & Crypto

The popularity of the brokerage firm Robinhood is a success driver to its user-friendly trading app, which makes investing seem very simple for the users at competitively low costs. To keep up with the fintech mobile app competitors, many other platforms began actively eliminating commissions for trading stocks, options, other securities, and cryptocurrencies. Being able to invest as little as a fraction of a share, Robinhood markets itself as the perfect destination for younger investors with little to no expertise in the market.

Standout Features of Coinbase:

• User-friendly and interactive mobile app interface.
• Commission-free trading of cryptocurrencies, equities, and ETFs.
• Fee-free accessibility from its network of ATMs with amazing deals.

Advantages:

• Easy to register and create an account
• Fee-free trading
• Has a web and mobile app

Disadvantages:

• Restricted products to choose from
• Limited reports and access to information

iOS App
Android App

Read More: Fintech App Development Companies

4. Nubank: conta, cartão e mais

With more than 40 million customers in Brazil, Mexico, and Colombia, Nubank is the largest online bank in the world and one of the leading fintech companies in Latin America.

In 2014, they introduced their first product, a credit card, to the Brazilian market. This card had no fees and could be sent to the consumer in just two days. Not just this, Nubank also provides free personal and corporate accounts, free, fast money transfers, and other services to its consumers.

With complete digitalization of the banking facilities, Nubank has emerged as one of the strongest top Fintech in the US and around the world.

Standout Features of Coinbase:

• Register free for personal and business accounts.
• The rates of the investment are favorable for your savings.
• Get a VIP, super stylish metal credit card with exciting perks.

Advantages:

• The card is recognized globally
• Commission-free transactions
• Disadvantages:

• Fees on fund transactions
• Sluggish functioning

iOS App
Android App

5. Chime – Mobile Banking

One of the best fintech apps, Chime, provides an interactive and exciting package with one protected credit card, one checking account, and one savings account that can all be controlled through a user-friendly app. The UI/ UX designers have done a fantastic job building an application with easy navigation. Chime is an excellent alternative to traditional banking. Checking accounts come with a few tempting offers, such as a 200$ fee-free overdraft limit and a 2-day acceleration of regular direct deposits. The savings account gives competitive rates and has no minimum balance requirement. The user can earn interest even with a single penny in their account.

Standout Features of Coinbase:

• Offers automated saving tools.
• The interest rates are competitive and do not harm the pocket.
• Receive early deposits for the payments.

Related Post: Best Fintech app development ideas for your business

Advantages:

• Easy and swift direct transfers
• Marks your transactions automatedly

Disadvantages:

• Lower interest rate
• Limits funds to transfer from a savings account

Android App

6. Finch: Self Care Widget Pet

Finch is a technologically advanced application that lets users generate significant profits on their investments considering their checking balance. This implies that although your assets are continuously generating profits for you, you have quick access to your budget, including the invested amount, if in need. Direct deposits and free ACH payments are available through the application, which has no account minimums or additional costs.

The fintech app development companies believe Finch offers some of the most loved features and would see an upward graph in the time to come.

Standout Features of Coinbase:

• Get personalized advice on investments.
• Automated investment of the balance that you want.
• Check for credit and investments via the application.
• Access the assets via the application and use them when needed.

Advantages:

• Offers financial services and budget statistics
• Compares user spending and finance monitoring

Disadvantages:

Pretty new in the market to compete with the ones that have marked their presence.

iOS App
Android App

7. N26 — The Mobile Bank

The budgeting application is one of the best fintech ideas to organize your funds. N26 is a reliable personal budgeting application with a tight feature set. N26, a company with over 7 million online users, provides free day-to-day banking services without monthly or annual maintenance costs, three free ATM withdrawals, and no foreign exchange expenses. The app also gives users access to merchant discounts, rewards, and the savings Round-ups function; however, only the premium edition has access to the second.

Standout Features of Coinbase:

• Users can create sub-accounts for simple budgeting and money saving.
• Get an intelligent report on the expenditure.
• Check for guidelines when spending with others.
• Easily impose spending restrictions to save your amount.

Advantages:

• The application is one of the few that has a banking license
• No charges for the sustenance of accounts

Disadvantages:

• Clutches one currency
• Sluggish user experience

iOS App
Android App

8. MoneyLion: Bank & Finance App

The fintech app, MoneyLion was released in 2013 and was designed and developed to take care of the financial demands of numerous users by providing a wide range of financial services. The application has affordable rates and offers various services under one roof. The users can invest, establish credit, handle daily financial tasks, and gain from cash advances. Although primarily aimed at younger audiences, most traditional financial services provided by conventional physical banks or credit unions are accessible to all smartphone users.

Standout Features of Coinbase:

• Offers automated investing opportunities to the users.
• It makes mobile banking easy.
• Check for your credits to get loans.

Recommended Read: How to Create a Loan App

Advantages:

• One-stop solution for all your banking needs
• Cashbacks and Rewards
• Benefits of membership

Disadvantages:

• Limited choices for investment
• Complicated pricing

iOS App
Android App

Checkout More: Investment App Development Features and Cost

9. Acorns: Save & Invest

One of the top Fintech mobile apps for beginner investors is Acorns, which also offers a robo-advisor platform, a checking account, and tax-advantaged IRAs for retirement. The application invests the savings from your regular transactions in the market. A debit card, direct deposit, mobile check deposit, and other features of standard bank accounts are all included in the checking account.

Standout Features of Coinbase:

• Automated investment of changes saved from regular investments.
• It offers rewards to various businesses and comes with an instruction manual.

Advantages:

• Automated investments
• Cashbacks and Rewards

Disadvantages:

• Restricted functions
• Complicated pricing

iOS App
Android App

10. Earnin: Your Money in Advance

By giving users access to their paychecks whenever they need it, Earnin is a ground-breaking application that helps people attain more financial confidence and independence. The application is free, but instead of demanding payment, it solicits donations from users of up to $14.

Standout Features of Coinbase:

• Check for paychecks quickly and request money as required.
• 256-bit encryption
• Faster response

Advantages:

• Easy to use
• Encrypted messaging

Disadvantages:

Sluggish response sometimes

Android App

So, if you are looking forward to fintech app development company, ensure that your team is well acquainted with these applications and understands their functioning. It has been a long road for fintech applications, and they are on a more significant path as we move forward. In the near future, traditional banks will be replaced by digital banks that are more reliable and secure. 

11. Tellus: Earn more, faster

One of the most successful fintech startups, Tellus provides various services, including home equity lending, real estate investing, and cash management. Users can earn a daily interest at a 3 percent annual yield by having a Tellus Boost account.

With the help of a mobile property management assistant from Tellus Manage, consumers may manage rentals without making contact.

Standout Features of Coinbase:

• Keep a record of assets and profits and distribute money
• Real Estate listings from 16 websites
• Expansive cloud storage

Advantages:

• One-stop solution for realtors, landlords, and tenants
• No funds required

Disadvantages:

• Security can be an issue
• Limited functions

iOS App
Android App

12. Mint: Budget & Track Bills

With more than 25 million users, Mint is the best personal banking app. This free mobile application allows users to manage all their financial accounts in one location, track their spending and savings, establish goals for their budgets, pay their bills on time, and much more. Users can examine their spending patterns over time and find strategies to improve their financial situation.

Standout Features of Coinbase:

• Synchronization with the bank, your investment, and managing money.
• Split your expenses into various categories to review at the week’s or month’s end.
• Push notifications and alerts to keep track of your expenses.

Advantages:

• Easy Download
• Track income and expenditure

Disadvantages:

• It doesn’t have multi-currency transaction
• Only one saving target with one account

iOS App
Android App

It is exciting to see how advancing technology is transforming how we make transactions and to see how fintech app developers worldwide are anticipating the growth of the field.

Recommended Read: NFT Marketplace Development

13. Monzo – Banking App

Monzo is a UK-based digital bank that provides all major banking related services to users through a smartphone application. For instance, Monzo offers real-time notifications, budgeting tools, and no international transaction fees; because of this, the application is most famous among the young audience who do not need a physical branch experience. It allows individuals to set up pots through which people can save money for various purposes, thus providing an easy way of handling money. Monzo also provides overdrafts and loans, and the feature of splitting the bills and expenses with friends.

Standout Features of Monzo:

• Real-time spending alerts.
• Budgeting and savings tools.
• Do not charge any fees for transactions outside their country.

Advantages:

• Easy to use and convenient for setting up budgets.
• Instant spending notifications.
• Fee-free international transactions.

Disadvantages:

• Not easily accessible in other countries, especially in other parts of Europe.
• They offer fewer borrowing and credit facilities than most commercial banks.

14. Venmo

Venmo is a well-known P2P payment application in the United States developed by PayPal, aimed at fast and efficient money transfers between users. Whether it is dividing the rent, paying for a meal at a restaurant, or simply making a small transfer, Venmo, with its social sharing aspect, enables users to add comments or emojis to the payments. Having over 70 million users, Venmo serves as a popular payment service among youth, especially millennials and Gen Z. For those looking to create apps like PayPal, incorporating features such as social interaction and seamless transactions is key to appealing to a broader audience.

Standout Features of Venmo:

• Instant peer-to-peer payments.
• Transaction sharing within the social feed.
• Venmo card for purchases.

Advantages:

• Bill splitting and payment processing is simple.
• Social features make a transaction more enjoyable.
• Popular among merchants in the United States of America.

Disadvantages:

• Charges levied for credit card purchases.
• Transactions are visible to the public unless the privacy settings are modified.

Also read: Venmo Business Model: How Does Venmo Work & Make Money?

15. Cash App – Payment and Investment App

Cash App, created by the company Square, has features of both a payment app and an investment app, which makes it one of the most useful fintech innovations. Users can transfer money to other users, pay merchants, and purchase stocks or Bitcoin within the application. The layout of the app is simple, and the design of the app allows users to switch between the different sections of the app conveniently. For businesses or entrepreneurs looking to develop an app like Cash App, it’s essential to focus on seamless navigation and the integration of multiple functionalities. Cash App also provides a Cash Card, a prepaid debit card linked to the user’s Cash App balance for spending online and in physical stores.

Standout Features of Cash App:

• Transfer funds to friends and receive cash instantly.
• Buy shares and Bitcoins.
• Customizable Cash Card.

Advantages:

• Fee-free stock trading.
• Fast money transfers.
• Bitcoin investment option.

Disadvantages:

• Fees for instant withdrawal.
• Fewer investment opportunities when compared to other similar platforms.

16. Zopa – Digital Bank and peer-to-peer (P2P) Lending Platform

Zopa, which was a P2P lending company, is now a digital bank that offers affordable personal loans, credit cards, and savings accounts. Zopa is also one of the most transparent platforms, where borrowers can get customized loans with no additional fees and track their credit histories online.  Like most credit cards, Zopa’s also has flexible repayments which assist the users in their budgeting. Due to the focus on customer-oriented services, Zopa has gained millions of customers in the United Kingdom.

Standout Features of Zopa:

• Affordable loans with clear conditions and flexible payment options.
• Free credit score monitoring.
• There are no additional charges on loans or credit cards that are not stated upfront.

Advantages:

• Quick loan approval.
• No hidden fees.
• Tools to track debt and plan for its repayment.

Disadvantages:

• Available only in the UK.
• Lack of physical branches.

Read more: Peer to Peer Lending Apps: Best P2P Loan Lending Platforms

17. Klarna – Buy Now, Pay Later

Klarna has made it easy for users to shop online flexibly by providing the option of ‘Buy Now, Pay Later’. Customers can buy goods from their preferred stores and can choose to pay in installments, which mostly come along with zero interest charges. Klarna operates with a large number of online stores, thus acting as one of the most preferred payment methods among customers. The app also facilitates customized shopping experiences by delivering tailored offers and promotions to the consumers.

Standout Features of Klarna:

• Interest-free installment payments.
• Personalized shopping deals.
• Availability in major online stores.

Advantages:

• Flexible payment options.
• No interest on installment plans.
• Provides a diverse number of retail outlets.

Disadvantages:

• Some creditors might charge a fee for extended payment periods.
• Not suitable for users who are likely to spend a lot of money.

18. Yolt – Money Management App

Yolt is a free budgeting application that allows users to manage their money through a single application without the necessity to switch to numerous platforms. Expenses are automatically categorized, which gives the user useful information about their spending pattern. Yolt also offers the ability to create savings goals and gives advice on how to manage one’s financial status in general. It works with multiple currencies and integrates well with bank accounts, credit cards, and investing applications.

Standout Features of Yolt:

• Multi-account integration.
• Automated expense categorization.
• Savings goal-setting tools.

Advantages:

• Comprehensive financial overview.
• Promotes saving and financial discipline.
• Basic features can be used for free.

Disadvantages:

• Limited to Europe.
• Does not have the ability to pay bills directly.

19. Plaid- Financial Technology Platform

Plaid is the core of many fintech applications as it enables them to access customers’ financial institutions. While Plaid is not a consumer-facing application, it underpins numerous fintech applications, including budgeting apps such as Yolt, and trading apps such as Robinhood. Plaid makes sure that users’ financial data is passed to the application securely and in a manner that is consistent with banking standards. This has made it one of the most valuable services in the fintech space, as apps can pull banking information in real-time without sacrificing security.

Standout Features of Plaid:

• Secure financial data sharing.
• Popular among fintech apps.
• Advanced level of security and data encryption.

Advantages:

• Ensures smooth integration of banks and applications.
• Adopted by top fintech platforms.
• Ensures secure data transfers.

Disadvantages:

• Not an application that runs independently for the users.
• Privacy issues may arise from sharing data with third-party apps.

20. SoFi – Personal Finance App

SoFi is an all-in-one application providing loans, investments, and banking services to its client base. Through this app, users can consolidate student loans, get personal loans, open high-interest savings accounts, and trade stocks. SoFi also provides webinars, financial planning, and other services that make it a robust tool for individuals seeking to navigate their finances. It offers investment products such as robo-advisors and trading with zero commission that suits both the new and the experienced trader.

Standout Features of SoFi:

• A single application for loans, banking, and investing.
• Financial planning services.
• No charges on investments or on savings accounts.

Advantages:

• Gather several financial services into one application.
• No hidden fees.
• Customer support and good informative content.

Disadvantages:

• Currently, the services are limited only to the residents of the United States.
• Interest rates may not be the lowest in the market.

21. Starling Bank – Banking App

Starling Bank is a British bank that provides fully functional mobile banking services and is one of the pioneers of this industry. The app provides all the basics, including personal and business accounts, loans, and savings, all within an easy-to-use interface. Users get timely spending alerts, comprehensive reports on expenditures, and savings plans based on specific goals. It also provides an overdraft facility with no monthly charges.

Standout Features of Starling Bank:

• Real-time transaction alerts.
• Free overdraft facilities.
• Free personal or business accounts with no monthly fees.

Advantages:

• Transparent, no-fee banking.
• Detailed transaction insights.
• Business-friendly features.

Disadvantages:

• Currently, the product is only available in the UK.
• There are no actual branches for face-to-face interaction.

Also read: How to Build Out a Mobile Wallet App?

22. Wise – Money Transfer App

Wise, previously known as TransferWise, is an online application that provides international transfers at a low cost. The app employs real exchange rates with no extra markup, which means that the user will get the best value when transferring money across borders. Wise offers several currency options and allows users to hold funds in various currencies. Due to its clear fee policy, Wise has become one of the reliable platforms for international transfers.

Standout Features of Wise:

• Real exchange rate without any additional charges.
• Supports multiple currencies.
• Quick and efficient cross-border payments.

Advantages:

• Lower charges as compared to the conventional banks.
• Multi-currency for international use.
• Quick transfer times.

Disadvantages:

• No credit or lending services.
• Fees associated with specific transfer modes.

Final Opinion

Coming to the end, hope you got an idea about the best fintech app available in the market and can now proceed to work on your own app development. These can easily provide you the idea what are the top things that can be considered and what things need to be focused in your own mobile app development. However, making things better and letting you stand apart from the crowd.

Still confused over what to do and where to start the development process, then consult a good mobile app development company like Octal It Solution that provides you with expert developers and equips your application with the latest technologies and tools.

Frequently Asked Questions