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Fintech apps have transformed the financial services industry and are continuing to grow at an exponential rate. Here are 10 of the best fintech apps that you should watch out for in 2023. https://bit.ly/3gXNFOt
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ADP By AppsDevPro www.appsdevpro.com
Overview : Imagine walking into your bank, plunking down $500 in cash, and having it instantly turned into $550! That’s the magic of interest compounding at work — the more money you have, the faster it grows. In fact, as your wealth increases, so does the rate at which it accumulates. But most people don’t have any way of monitoring this process or seeing how their investments are performing over time — and that’s where fintech apps come in. In just a few years, fintech apps have transformed the financial services industry and are continuing to grow at an exponential rate. According to Statista, global investments in financial technology (fintech) exceeded $24 billion in 2017 and are expected to reach $83 billion by 2023, representing an annual growth rate of 27%. This kind of growth creates exciting opportunities for business leaders and entrepreneurs looking forward to taking advantage of these trends in 2023. Here are 10 of the best fintech apps that you should watch out for in 2023 www.appsdevpro.com
1. MoneyLion MoneyLion is a modern digital bank that offers free checking and savings accounts, with no minimum balance requirements or monthly fees. Sign up is easy, and account management can be done on the go through their app. If you have one of their debit cards, you can use it for contactless payments as well. They offer competitive rates on loans and other lending products, including mortgages, student loans, personal loans, credit cards and more. www.appsdevpro.com
2. Robinhood Robinhood is an app that provides free trading of stocks, ETFs, options and cryptocurrencies. The company was founded by Vladimir Tenev and Baiju Bhatt who saw the need for an easier way for people to trade financial products without spending a lot of money on fees. In 2018, the company raised over $200 million in funding. They are also adding up a new personal finance service that is scheduled to launch later this year. www.appsdevpro.com
3. Chime Chime is a mobile banking app for everyone. It’s also a financial services company with a savings account, investment portfolio, and checking account. Chime is best known for its debit card, which has no monthly fees or hidden charges. The app is available nationwide and is not limited to just one bank like most other banking apps. With this fintech app, users can deposit checks via phone, easily track spending and budgeting, pay bills via the Bill Pay feature, find nearby ATMs and branches with the Find Locations feature, transfer funds between accounts at any time with the Transfer Funds feature; www.appsdevpro.com
4. Nubank Nubank was founded with the mission of bringing financial services to the unbanked population of Brazil. Nubank is a mobile-only bank, with no physical branches or ATMs. It offers savings accounts, personal loans, and credit cards, as well as features like social security and retirement planning. The company raised $75 million from investors including Founders Fund and Ribbit Capital. More than 2 million customers have opened an account with the service so far. www.appsdevpro.com
5. Mint Mint has been the most popular budgeting app for the past ten years, and it is continuing to grow. It is expected that by 2023, more than 10% of all American households will use Mint. The interface has also been updated to make it easier for users to see how much they spend on different categories and how much money they have left over at any given time. The app notifies users when they are close to their credit card limit or when their bills are due. It even calculates the amount of interest a user would pay if they only made minimum payments on their credit cards. When combined with goals or allowances, this can be an invaluable tool for staying within one’s monthly budget. www.appsdevpro.com
6. Revoult Revoult is a new fintech app that has quickly become one of the top apps on the market. Users can transfer funds, pay for goods and services, and invest in stocks with just one click. The most impressive aspect of Revoult is its user-friendly interface. It’s easy to find your balances and transactions with just a few clicks. Furthermore, it’s compatible with most debit cards as well as credit cards. Your account will stay secure too thanks to some of the highest level security measures currently available. You can also set up automatic transfers between different accounts, making this app perfect for those who want a hands-off approach when it comes to their finances. www.appsdevpro.com
7. Coinbase Coinbase is an app that was created to make it easier for users to buy and sell cryptocurrencies like Bitcoin. It is a secure and simple app that connects directly with the exchange. It allows users to track the price of their crypto investments, both up and down. There are also mobile apps for iOS, Android, Windows Phone, Blackberry, and Windows 8.1 devices available. www.appsdevpro.com
8. N26 N26 offers customers an easy way to get banking done from their mobile phone. To open an account, a user must provide their name, country of residence and email address. They will also need to upload a photo of a government issued ID and answer three questions on identity verification. The app also offers both account holders and employees the option for encrypted chats with customer service representatives that use end-to-end encryption. www.appsdevpro.com
9. Finch Finch is a mobile app that tracks your spending habits. It allows you to set monthly budgets and can show you how much you’ve spent on each category. The app also has a feature that reminds you when it’s time for bills, so you don’t forget. You can also import bank account information from several banks, including Bank of America and Chase. www.appsdevpro.com
10. Tellus Tellus is a peer-to-peer lending marketplace. It provides a secure, quick and easy way for borrowers to get approved for loans with competitive interest rates. In the year 2020, Tellus launched a new social lender feature that lets friends of borrowers post or pledge money directly on the borrower’s account page. When pledging, lenders can set conditions such as time frames and amounts that they are willing to offer their help. The goal is to make peer-to-peer lending more social and open while also making it easier for those who need help with cash flow problems to find assistance. www.appsdevpro.com
Conclusion : The continued development and growth of mobile banking, for example, means that best fintech apps are going to continue becoming more popular in the future. As with any new technology or innovation, it’s important to look at how they will impact society. Will they make our lives better? Will they make our lives worse? How will they affect the way we think about money? The future is bright for fintach apps and it should be exciting to see what the next 10 years bring! If your company is interested in fintech apps, then you will want to hire mobile app developers in India for your own company. The best way to do this is through an agency that matches developers with employers. www.appsdevpro.com
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