Top 8 Fintech App Development Companies for 2024 (2024)

Top 8 Fintech App Development Companies for 2024 (1)

Written by

Platon Tsybulskii

Posted on

March 25, 2024

Minutes to read

15 min

The heavy lifting that goes into picking a fintech app development company can undoubtedly take a toll on your time and resources. Which is why we are here with the list of the best 8 firms that operate globally and can aid in your project.

We sorted through numerous fintech app development companies, assessing them on their qualifications, skills, previous success, and much more to present you with the most decent candidares. With our helpful guide, you will also learn what to look for in a proper application provider.

Looking through the listed organizations, you are sure to choose a suitable fintech application development company for your project idea. At Limeup, we collaborate with brands around the world (USA, Canada, Europe, Australia, Asia) and will be glad to help you after you contact us.

List of fintech app development companies

1.Limeup
2.Itexus
3.Shakuro
4.Hedgehog Lab
5.EB Pearls
6.instinctools
8.Miquido

Limeup

The best fintech app development company partnering with global businesses.

Limeup is a leading fintech development partner with over 10 years of experience delivering exceptional mobile applications. Our team predominantly comprises of middle and senior tech talents.

Being world-class experts in fintech development, we help our clients with projects of any complexity and scale. Within our service line, you can apply for the development of banking websites and applications, digital wallets, and custom trading platforms.

How we work with our partners:

Our solutions are custom-made and cater to the expectations of clients.
We deeply analyze market and user trends for memorable experiences.
With an Agile method, we save time and money resources.
We are compliant with regulations and legal frameworks.
Clients can receive ongoing support and maintenance services.

We partner with startups and established enterprises to help them unlock their potential and reach new heights. Among our most recognizable collaborations are clients Vodafone, Simon Kucher, Connect44, Nexte, and more.

Hire an established technology partner

Our skilled fintech application developers are ready to assist you with any development ideas.

Let’s work together

Itexus

Fintech mobile app development company in the USA with a full spectrum of services.

Since opening their doors in 2013, the company by the name Itexus has been helping both enterprises and startups with various development services. The team aims to accelerate time-to-market, minimize development costs and avoid pitfalls which can lead businesses to suffer failure.

When it comes to the financial technology services this agency offers, they include building digital banking apps, lending and alternative financing, stock market and trading analytics tools and many other related services. On top of developing mobile applications from the ground up, Itexus also is not shy about creating user-friendly UI UX design for the solutions.

Within the company’s extensive portfolio of works, potential clients are capable of reviewing projects including apps for analytical platforms, a mobile banking app for migrants, wealth management platform, etc. Unfortunately, beyond the project’s description, Itexus is unable to name their former clients due to NDAs.

Shakuro

Creative fintech app development firm located in the United Arab Emirates (Dubai).

Being located in UAE, the organization Shakuro gladly collaborates with businesses across the globe. The main mission of this vendor is to launch startups in fintech helping them build lasting and meaningful relationships with their customers.

Looking for a trusted fintech app development company?

We can help you with creating a top-notch app solution.

As a full-service company, Shakuro offers comprehensive development solutions for mobile apps as well as complete design. The firm primarily focuses on crafting native applications but is not negligent in covering cross-platform solutions.

On the corporate website, Shakuro proudly lists a variety of notable awards and accolades from 2018 to 2022, showcasing their global recognition. On the “Works” page, you can scrutinize a wide range of interesting cases, including a mobile app for Solio, investment platform Multifamily Modeling, and more.

Hedgehog Lab

Top fintech app development company from the United Kingdom with a human-centered approach.

Promising a fresh perspective on financial solutions, Hedgehog Lab delivers mobile-first applications and platforms which propel businesses forward. As they have handled numerous collaborations in sensitive industries, the team is well-equipped with knowledge of fintech peculiarities.

Aside from offering fully-fledged mobile apps, Hedgehog Lab continues to provide digital transformation, API integrations, product development, and other software development services. One aspect that sets this company apart from the rest of the competition is their data-driven approach where they leverage insights from analytics to make objective decisions.

Although the company is headquartered in the United Kingdom, they have no issue lending a helping hand to businesses in any part of the world. Under the filter of financial services, they list a number of successful partnerships for developing projects such as AJBell, Santander, Hiscox and many more.

EB Pearls

A large fintech app development agency in Sydney, Australia.

Carrying over 72 awards to their name, EB Pearls is undoubtedly one of the most decorated development agencies in Australia and globally. Over the years since the company’s establishment, they have deliver 50+ successful and thriving application solutions.

instinctools

One of the best fintech app development companies from Germany (Berlin).

The company *instinctools is one of the most easily recognized development partners in Germany as they carry immense experience in a variety of industries, namely financial technology. Their aim is to foster agility within businesses which would allow them to drive innovation and foster excellent customer experience.

Sorting through the holistic app development services *instinctools provides, we can point out the main offerings line of digital banking, lending software, online payment apps, financial management platforms and insurtech services. What is notable is their commitment to including AI-powered technology which allows apps to analyze vast amounts of financial data.

As with many projects in the fintech sector, *instinctools is not free to disclose the names of some of their former partners. However, this does not stop them from giving out detailed descriptions of projects they have delivered, such as an MVP for a fintech startup and an NFT platform for a financial firm, to name a few.

Robots & Pencils

A renowned team of fintech app developers in Canada using cutting-edge technologies.

Believing that customers nowadays are looking for a frictionless user experience from fintech solutions, the Canadian agency Robots & Pencils helps businesses find their competitive advantage. With an Agile methodology, they are able to build even the most complex banking and financial applications.

The key to building successful mobile apps, in the opinion of Robots & Pencils, is to extract relevant insights and integrate that data into a working solution. So when clients reach out to their team, they offer a straightforward and tested process for development.

As it goes to show, the firm has managed to deliver over 300 applications since they opened their doors in 2009. Featuring dozens of interesting cases, we can point out collaborations with fintech businesses like Level Capital, Homepoint, Sprinklr and more.

Miquido

Among the full-service leading fintech app development companies worldwide.

Last but not least important development provider on our list is a company named Miquido which is based in Poland. Regardless of their location, the firm is ready to offer top-notch financial technology services to businesses of all sizes across the globe.

Specializing in developing banking apps and financial management platforms, customers can apply for help with building cloud solutions, payment processing, insurance development, product design and much more. They also offer options to choose from custom-made applications and pre-made fintech apps.

With over 11 years of experience in delivering high-quality and fully functional mobile solutions, Miquido’s team became long-term partners with a major share of their clientele. Among their most notable fintech collaborations are BNP Paribas’ GOmobile app and NextBank’s credit scoring engine.

Which firm is the best for fintech app development?

Now that we have gone over our list and you have hopefully laid your eyes on any interesting fintech app development company, we can shift our attention to more practical tips on choosing a vendor. Since we gathered up a list of great contenders, you may be wondering what criteria did we pay the most attention to to declare them as top providers.

Key factors to consider when choosing a fintech app development partner.

So let’s clarify a few of the aspects that can make one company stand out from the rest of the competition.

Tangible impact of previous works. Show, don’t tell also works with development providers. Which means firms that can demonstrate actual impacts of their work for the client, like resultative statistics and actionable numbers, are more in demand compared to those that leave us with empty words.
Awards and accreditations. Recognition is certainly a major attribute that plays into an advantage. Some of the best providers proudly carry awards and accolades from independent entities that prove their capabilities. Having accreditations like being a certified AWS partner is also an unmistakable plus for fintech app development companies.
Work culture and values. It is not always all about hard skills since soft skills also play a major role in the success of the collaboration. It is advisable to pick providers which value honest communication, continuous growth, and commitment within their employees. Other virtue traits can include fostering responsible work practices and environmentally friendly ethics.

Best practices for choosing a fintech app development company

How you go about singling out development firms is entirely up to you. However, there are some established best practices which can aid you in making the right decision. Below, we go over some of the steps we recommend you to take to facilitate the most productive research process.

Key elements of the best practices.

Document your project requirements.

You will have a much easier time selecting corporations if you come in prepared with a documented list of what you are looking to develop such as the features, functionality, etc. That way, companies can analyze your plan and provide you with answers to your questions.

Evaluate the portfolio.

Most often, firms feature their past projects on the corporate website calling them “Case Studies,” “Our Works,” “Portfolio,” etc. Check to see what kind of projects the fintech application development company has created in the past and what were the results after the collaboration ended.

Review their expertise.

Since you are interested in developing an application in the fintech sector, it would be the best course of action to double-check the firm’s expertise in this niche. You can obtain more in-depth information by reading what kind of services they provide, how they structure the development process, how they adhere to compliances and regulations in the fintech industry, etc.

Check their online reputation.

To opt for the best provider you need to make sure they have a near pristine reputation in the industry. For starters, you can see what kind of rating they possess on review aggregators like Clutch and GoodFirms which are 1-to-5 start ratings. Then, you should dive deeper by reading the testimonials their former clients leave about the agency.

All of these tips are valuable at the beginning stages when you gather up potential candidates. Going through this list does not require you to immediately contact any provider, leaving you free to evaluate their competency just by going off the information they feature on their website and third-party resources.

How fintech app development companies price their services

The question of pricing is not as definitive as we are sure everybody would wish it was. To get a straightforward answer on how much you can expect to pay for your project it is best to directly get in touch with a development provider and receive a custom quote.

Types of pricing models.

On that note we can still discuss how companies determine the price of services based on the models they operate on. Let’s go over one by one.

Hourly basis

One of the most common types you are likely to run into is on a per-hour basis. Which means you would be paying for each hour fintech application developers will be spending building your project. This model can be a useful asset when creating cut-to-the-chase applications that are unlikely to require any additional services or iterations and you can approximately estimate just how much time the process will take from start to finish.

Fixed-price

Fixed-price or a project-based cost model is referring to when you and your provider agree on a certain sum of money that you will pay for the entire project completion. The fee is calculated by the company once they have evaluated the scope of work and its complexity, putting it into a full project budget. Fixed-price model is helpful when building more intricate apps as you won’t be blindsighted by any additional costs.

Hybrid model

This kind of model is more flexible and ambiguous, so be sure to specify with fintech app development companies what exactly is going into the price. On average, hybrid models can include paying for specific values or KPIs that are supposedly brought to you after the development of the app. For example, you can agree to pay a certain amount for a predefined result like an increased conversion rate.

Although this type of agreement is quite rare, you should still be aware of how it works. In addition, it is worth mentioning that some agencies are offering package plans, where a certain set of services are confined in a pre-priced package, and subscription models, where you sign up for a service only paying a monthly fee according to the chosen plan.

Searching for a fintech application development company?

Electing the kind of company that you would feel comfortable trusting the fate of your project to is a serious business. As it goes, you can’t just pick any random provider and strike a deal but allocate time and resources to analyze many potential corporations.

Hopefully, by searching through our list, you will have luck finding a fintech app development company that meets your expectations fully. And with our additional guide to picking firms, you will avoid any pitfalls that may come your way.

If you are interested in partnering with a tried-and-true development agency with over a decade of experience, be sure to reach out to Limeup. Our seasoned experts are ready to assist you in building your project as you see fit.