Table of Contents

    Financial services and transactions have moved to digital modes since 2017-2018 and now are mainstream. After the pandemic, there is a boost in the number of smartphone users worldwide till 2023, which is 6.92 billion, which calculates to 80 to 85% of the world's population having smartphones and going online services and monetary transactions. 

    With the growth of online banking with smartphones, there are leading financial applications where people are becoming more technology savvy in communication, also known as Fintech applications. There are trendy top fintech apps already available in the market that provide banking and financial services to customers using the net banking system.

    What is FinTech App Development?

    FinTech app development uses software development methods and practices to develop financial services for mobile and web platforms. FinTech app development company financial applications are user-friendly, and their user experience designs and financial expertise resonate with the user's financial requirements. The top fintech app development process is often surrounded by the following methods:-

    1. The main objective of developing the app is to solve problems through the application.

    2. There are focused functions in designing the user interface.

    3. Implementing the business ideas/logics from old existing FinTech applications.

    4. Testing apps technically with real users for functionality, security and user acceptance. 

    FinTech applications are developed, including blockchain, machine learning, cloud computing, and others. Applications ensure security, high performance, and accuracy based on data and provide adequate financial services through transactions.

    Top 10 FinTech Apps Used in 2024

    In the last 2-3 years, FinTech apps have been doing great, whether they are apps to pay bills or budget your expenses to achieve financial goals. It's essential to understand a FinTech app development company's features, offerings, and services that the company provides. The top fintech apps in 2024 are:- 

    1. N26 

    It is a 100% mobile bank with a German banking license and a net worth of $1.7 billion. There are no transaction fees, and currency conversion is not required.

    2. CoinBase

    It is an online security platform where you can buy, sell, transfer, or make any cryptocurrency-related transaction. The company aims to become a leading application brand, facilitating the conversion of cryptocurrency into local currency. As of the latest financial report, its net worth stands at an impressive $567.3 million.

    3. Revolut

    It is a British company with a net worth of $1.7 billion, which was founded in 2015. This company provides a wide range of financial services including crypto exchange. 

    4. NUBANK

    It is Brazilian, which is the largest bank in Latin America with a net worth of $3.9 billion, which provides a higher interest rate than a regular savings account, and there are unlimited transfers with free offers. 

    5. Chime

    The company provides its financial services through mobile apps which also offers technical support, control and security solutions. This app can be installed in both iOS and Android. The net worth is $2.3 billion. 

    6. Robinhood

    It is a stock brokerage firm which provides the brokerage services. This platform allows buying and selling only US listed companies and exchange traded funds. There are other options and gold also. The net worth of the company is $5.6 billion.

    7. MoneyLion

    The company's mission is to relink the financial system with driving positive results for its business and local clients. The net worth is $477.5 million. 

    8. Dave

    This company builds banking apps to develop products that help increase the financial playing field. Dave helps in lending money as there are no overdrafts and late fees.

    9. Upgrade

    The company offers credits and financial products to customers and gives fixed-rate loans, credit cards, and educational tools. Its net worth is $600 million. 

    10. Wise

    Formerly known as TransferWise, this money transfer app with lowest international charges and exchange rates. This app is suitable for individuals in terms of cost-effective global currency transfers. This type of FinTech app development company is important to hire dedicated developers for the working of the application. 

    Conclusion

    Top FinTech apps constantly reshape the financial landscape. They are the canvas of the latest finance industry and technology which provides high-performance and quality with financial freedom and flexibility.

    FinTech app development companies build the bridge gaps and motivate individuals and businesses to command and meet financial needs effectively and efficiently. ,So if you're interested in the finance industry, try the FinTech apps with the h latest features and updates to improve your monetary transactions. 

    Rahul Sukhwal
    Rahul Sukhwal

    Rahul Sukhwal is the CEO and founder of JPLoft, an IT company that has been providing exceptional development services for over 10 years. Rahul has grown the company from a startup to a thriving global business, thanks to his years of industry experience as a thought leader.