Top FinTech apps for the money management that you need to check out in 2020.
With the rest of the world shifting towards digitalization, it seems that the finance market has finally made its move. The emerging diversification in the FinTech ecosystem attests to the enormous public demand that makes handling finances quite easy. The various types of fintech apps available serve multiple needs of the users. For instance, some are used for digital payments, while some are used to manage personal finance.
Now is the time to make use of the gap in the online finance market and create a fintech app of your own. And the article below can help you with it! You must study in detail the apps that are already prospering in the market and could be your competitors shortly. The 5 best fintech apps for 2020 have been listed below.
This online banking app was developed in Brazil and has gained immense popularity across the globe due to its innovative features and user-friendly interface. It is designed to work efficiently in both Android as well as iOS platforms. Some of the app features include the program of rewarding point, informative blogs, a no-annuity credit card that is accepted across the world, etc.
The app aids the users to keep track of their invoices and payments. The users can further categorize their spending. It is currently estimated to have a valuation of more than $10 billion.
Originating from the United States of America (USA), MoneyLion is a mobile banking app. It works in both Android and iOS platforms efficiently. The app offers banking services online from 55000 ATMs fee-free without any hassle. It also provides sound financial advice and helps the users gain access to different types of loans.
With a subscription model in place, the app offers Plus Members the opportunity to keep track of their savings. It also provides a 5.99% APR loan to the Plus Members. As of now, the current value of this fintech app is $1 billion.
This UK-based banking services app is estimated to gain massive profits, as much as $10 billion. The app’s practical features include a debit card, which is prepaid, peer-to-peer payments, etc. It also allows users to send and receive money with real-time exchange rates without much hassle.
This app’s unique feature is the access to several cryptocurrencies like Ethereum, Bitcoin, XRP, etc. by the exchanges from or to 25 fiat currencies. It also supports the ATM withdrawals in about 120 currencies. The app also helps manage your finances by creating monthly budgets for personal spendings like transports, groceries, etc.
Aiding in personal finance management, this app originating from Berlin is now estimated to have a valuation of about $3 billion. With several impressive features integrated like facial and fingertips recognition, instant money transfer with assistance from MoneyBeam, automated generation for the statistics of spending, etc. the app has become even more popular.
The app levies a subscription fee for its premium model, which offers many benefits to the users. The app also has a banking license and does not apply any monthly charges for opening or maintaining an account. It helps the users to control and manage their finances with relative ease.
Developed in Hong Kong, Planto is a finance management app. It can work in both iOS as well as Android platforms. The app is integrated with various features that make it easy for you to manage your personal finances. It also offers financial advice and analyzes your economic behavior.
With the aid of this app, you can set money-saving goals and achieve them with the help of top-most money management methods. You can track your expenses and investments without hassle. The app also assists you in creating a financial profile. This has raised the popularity of this app to the young generation immensely.
These are the top 5 fintech apps that you can check out in 2020. If you are interested in starting or launching your fintech app, it is always wise to check out the existing apps and note their pros and cons. This will help you to avoid the mistakes they have made, and you can also personalize the most popular tools used, and incorporate them into your app.
Joe Tuan, CEO Topflightapps
Joe is the founder of Topflight Apps, an award-winning team of entrepreneurial app designers and developers based in Irvine, California. The company has won numerous awards and 5-star accolades as the leading app development company in Orange County for its healthcare and fintech app development services. Topflight’s clientele includes startups and well-established companies, such as Stanford Medicine, Medable, and Merck.