13 Best FinTech Application Development Services Of 2024

The fintech industry has experienced rapid growth and increased popularity recently. According to Statista, the number of users in the digital market will grow to 4,805.00m by 2028. As a result, more and more businesses are willing to enter the fintech market, and thus, they need fintech app development services.

We have prepared a detailed guide on the types of fintech software available and how to select the most suitable developer for your business's needs. Moreover, we overview 13 top-ranked fintech software development companies with an emphasis on their main benefits and features.

What Is A Fintech Software Development Company?

This company develops finance-related products and makes all the background magic to ensure you are provided with smooth and rapid payments, top-notch banking services, and secure investments. Modern fintech software development firms work on creating banking applications for mobile gadgets and provide digital payment solutions to create complex online platforms. In most cases, these companies utilize cutting-edge technologies in their work, like machine learning, artificial intelligence, analyzing tools, etc. Any reputable fintech software development company has a highly experienced team of tech experts and developers, so there is no doubt that it can meet all your business's requirements and needs.

Different Types Of Fintech Software Available

The rapid development of technologies and finances causes the synergy of those two spheres. It offers cutting-edge solutions that benefit small and big businesses, improving customers' lives and making their everyday tasks related to finances more accessible and convenient. You might be surprised by the variety of fintech app development services that are currently available and the ways they can be implemented to enhance the business. The list of the most popular fintech software is provided below.

Insurance (InsurTech)

InsurTech is one of the spheres that fintech app development companies work the most closely with and manage to improve the most. The solutions they offer allow your business to engage more customers due to a more efficient and convenient way of life and property insurance. Having your services brought online and offering advanced tools for service management are now available thanks to fintech developers.

Cryptocurrency And Blockchain

One of the most revolutionary software solutions in the fintech world is blockchain, and cryptocurrencies are based on it. Blockchain integration is a must to keep up with the rapid pace of the modern world and bring your business to the leading positions. That is when your business would need the best fintech app developers with high expertise in the cryptocurrency world.

Payments Gateways

Any merchant business that has ambitious plans of taking leading positions needs to go online, and that is when payment gateways are inevitable. Online purchases are not possible without this convenient tool, and that is when the help of a fintech app development company is required.

Regulatory (RegTech)

This is the service that is practically obligatory regardless of the type of your business or its industry. RegTech services commonly provide data analysis, real-time transaction monitoring, boosted authentication technologies, and identity verification. Regulatory compliance is an inevitable part of it. You would need savvy app developers to ensure RegTech solutions function as they should, and your business does not violate any governmental requirements.

Peer-to-Peer Lending/Crowdfunding

Another unimaginable sphere without the work performed by fintech app developers is peer-to-peer lending, as it is often an online service, and high-quality software is the number one priority. Crowdfunding would not be that popular and successful without the efficient and well-thought-out solutions offered by fintech software development experts.

13 Best Fintech Software Development Companies That Rule The Market

Now that you know what fintech application development services might be useful for your business, it is time to explore some of the best companies in this field to ensure that you contract experts and receive software of the highest quality.

ScienceSoft

Location: Texas, US

Company Size: 750+ employees

Benefits: Automation services expertise, fintech consulting services, meeting tight deadlines

Businesses interested in the integration of artificial intelligence and the implementation of automatization solutions often select SienceSoft as its partner for fintech app development. This is a Texas-based company with offices in Europe that has been working in financial technology for over 18 years already. It is an expert in such fintech app development services as banking, payment gateways, investments, and insurance. It boasts a reputation as a company that starts development rapidly and can work with tight deadlines and not go beyond the budget.

Inoxoft

Location: Philadelphia, US

Company Size: 201-500

Benefits: Machine learning integration, time and cost-efficient, works with banks

This is one of the leading app developers that work closely with fintech businesses, offering them data-driven solutions and effective use of AI. Machine learning and extensive data analysis, along with such technologies as React Native, Node.js, and Flutter, are among the main tools used by Inoxoft in its work. The company has offices in the USA and Europe and knows the real business needs on both continents.

Sidebench

Location: Los Angeles, CA

Company Size: 249-500

Benefits: Mobile app development, healthcare solutions, leader in digitalization

If you are searching for a leader in fintech mobile app development services, we recommend you pay attention to Sidebench, an award-winning fintech software developer from Los Angeles. Its team has world-class technologists, opinion leaders, digital strategists, and finance experts who offer solutions that meet the rapidly changing requirements in the fintech industry. Healthcare, consumer brands, and governmental projects are the main spheres in which Sidebench works.

Miquido

Location: Poland

Company Size: 249-500

Benefits: Efficient work under tight deadlines, full-cycle services, MVPs within 3 months

Miquido is a well-known fintech product development company offering full-cycle business services. This means you can come to it with a concept, and its team will work on ideation, documentation, development, testing, and maintenance. Artificial intelligence integration and mobile solutions are among modern services you can expect from Miquido. The company positions itself as an app developer that meets deadlines regardless of their tightness. You can expect to have a prototype within 2 weeks and MVPs within 3 months.

Prismetric

Location: India

Company Size: 51-200

Benefits: Over 15 years of experience, embedded technologies, mobile solutions

Prismetric is one of the fintech app development companies that focuse on developing desktop and mobile solutions for small and big businesses worldwide. Launched in 2008, the company has gathered a team of experts in finance and technologies, so its solutions are always efficient and meet the real-time needs of the fintech industry. It specializes in mobile app development and embedded technologies like IoT, Augmented Reality, Virtual Reality & iBeacon.

Netguru

Location: Poland

Company Size: 500-1K

Benefits: Wealth management solution, advanced security measures, support of fintech startups

Netguru is a big fintech application development company focusing on cybersecurity and modernizing banking institutions and investment platforms. It is known for providing all-scale support to fintech startups through a wide range of innovative tools, including AI and automation. Wealth management is one more sphere of the sectors in which Netguru is an expert.

Fingent

Location: New York, US

Company Size: 201–500 employees

Benefits: over 15 years of experience, services for digitalization, a wide range of services for the banking sector

Being in the fintech industry for over 15 years already, Fingent is an expert in the digitalization of experts in world-class software solutions that meet the needs of businesses in different spheres. It offers effective solutions for banks and other financial institutions that seek a way to digitize their services. This fintech application development company provides cutting-edge solutions with the help of such technologies as AI, Blockchain, and Robotics. Big data analytics is another tool that Fingent uses efficiently.

Appinventiv

Location: India

Company Size: 500-1K employees

Benefits: a strong focus on mobile solutions, over 10 years of experience, creative and innovative solutions for business

Appinventive has software development expertise and over 10 years of experience. Based in India, it employs over 500 fintech experts with a clear focus on mobile solutions for iOS and Android. Thus, if you are searching for a team that can provide you with a cutting-edge mobile app for your business, you might like to choose Appinvetiv. Creative solutions and innovative views on the fintech industry have helped this fintech app development company be among the leaders for many years in a row.

Itexus

Location: Delaware, US

Company Size: 51-200 employees

Benefits: A wide range of fintech services, available to businesses in 23 countries, AI-powered solutions

Itexus is one of the best fintech app developers that focuses on finances and targets its services in this sphere. Thus, it employs over 100 financial technology experts with one of the most expanded lists of services among the companies in this ranking. You can pick Itexus if you need any assistance with digital banking, credit scoring, RegTech, financial prediction, investments, AI-powered solutions, etc. Currently, it works with businesses in 23 countries across the globe. Given the wide geography, it predicts the local needs and meets them professionally via the fintech solutions offered.

DataArt

Location: New York, US

Company Size: 5K-10K

Benefits: Investment management services, over 20 years of experience, operates globally

DataArt is a global fintech software development company with the most prominent team among the companies in the ranking and boasts an extended list of services since 1997. With over 20 years of operations in the financial industry, DataArt has shown a solid ability to adapt to changes and meet customers' rapidly changing requirements. The acquired experience is successfully implemented in its fintech solutions, including desktop and mobile services. It is one of few companies with robust tools for investment management, fintech ventures, and cybersecurity.

BoomDevs

Location: India

Company Size: 50-100 employees

Benefits: Excellent UX/UI experience, fintech solutions for mobile devices, unique approach to each customer

An expert in mobile solutions, BoomDevs will offer your business one of the best fintech services compatible with iOS and Android. One of the distinctive features of its software is the UX-UI design that allows your business to beat competitors and convert new customers into loyal ones. This software development company uses many mobile app development tools, including React Native, Flutter, Swift, and Java.

KindGeek

Location: Ukraine

Company Size: 50-200 employees

Benefits: full-cycle fintech services, mobile-friendly solutions, blockchain integration

If you are seeking a company that can convert your business concept into fully functional technology, you should pay attention to KindGeek. This experienced company provides fintech app development services and supports each stage of the project, so you might expect ideation, project development, and ongoing support from it. Its work uses plenty of innovative tools and software, namely blockchain, bots, AI, AR/VR, and NFT/WEB 3.0.

Cleveroad

Location: Delaware, US

Company Size: 201-500 employees

Benefits: AI and data science, services for insurance and investment, mobile solutions

This US-based company defines financial technology as one of the main spheres in which it provides web and mobile app development solutions. Therefore, fintech businesses can choose to develop and implement cutting-edge services for the banking sector, investments, and insurance. We recommend you select Cleveroad if you are interested in implementing AI/data science or machine learning into your business. Cleveroad is also an expert in cross-platform solutions for challenging projects that are perfect for this company.

Tips On Choosing The Right Finance App Development Company

On top of the legality and certification of the company and the variety of services it provides, we also encourage you to pay attention to the following:

• Reputation: It is essential to check whether the company has a proven track record and success stories. If you see reviews of satisfied customers or honest opinions about a company's strong and weak sides, it is easier to make a correct decision.
• Expertise: Always pay attention to the team behind the company and its experience. Check if it is tech-savvy, efficient, and competent.
• Communication: We advise picking a company that offers straightforward communication channels and provides fresh information about project status and updates. Involving you in the decision-making process is also better for the desired result.
• Tools: Look through the methodologies and technology stack the company uses in app development. Even if you do not have background knowledge in the tech industry, it would be an excellent decision to do quick research on those tools and estimate if they can be effective for your needs.
• Time and Cost: always check if the company has delivered solutions for previous customers on time and budget. You would not like to face missed deadlines and constantly growing fees beyond the planned budget.
• Compliance: ensure the selected fintech app development firm complies with all regulatory rules. Any non-compliance can harm your business.

Final Thoughts

Any modern business cannot be at the top without clever and innovative fintech solutions, like AI-powered services, blockchain, cryptocurrencies, online payment gateways, etc. Fortunately, multiple companies specialize in fintech app development, so you can easily enhance your business with their help. Given the wide range of fintech add developers, the choice of the company without thorough research can pose significant risks for your business. To avoid them, we have provided this guide on fintech software developers and ranked the industry's most trustworthy and experienced companies.