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Top 3 Fintech Apps in 2024 and Beyond

Krunal Shah

Jun 30, 2023

8 min readLast Updated Dec 19, 2023

Top fintech apps

According to a report released today by Boston Consulting Group (BCG) and QED Investors, the global fintech app market is projected to reach $1.5 trillion by 2030. The market is currently dominated by the United States, but Asia-Pacific is expected to be the fastest-growing region.

Here are some specific stats:

  • In 2022, there were over 300,000 fintech apps available worldwide.
  • The average user spends over 2 hours per day on fintech apps.
  • Over 50% of millennials use fintech apps to manage their finances.
  • Fintech apps are expected to save consumers over $400 billion per year by 2030.

The fintech app market is still in its early stages of development, but it is growing rapidly. As the market continues to grow, we can expect to see even more innovative and disruptive fintech apps emerge in the years to come.

Here are some of the factors that are driving the growth of the fintech app market:

  • The increasing adoption of smartphones and mobile internet
  • The growing demand for convenient and affordable financial services
  • The need for more secure and transparent financial transactions
  • The regulatory changes that are making it easier for fintech companies to operate

The fintech app market is a dynamic and exciting market. As the market continues to grow, we can expect to see even more innovative and disruptive fintech apps emerge in the years to come.

So, here are the top fintech apps that are high on demand and can help you get some good fintech app ideas.

Top 3 Fintech Apps to Get Fintech App Ideas

So, here are the top fintech apps that are high on demand and can help you get some good fintech app ideas.

1. Robinhood


Robinhood has emerged as a leading FinTech app, revolutionizing the world of investing. Launched in 2013, it gained immense popularity for its commission-free trading, democratizing access to financial markets for retail investors.

With its sleek and user-friendly interface, Robinhood has become synonymous with accessible and convenient investing.

Features and Functionalities:

a) Commission-Free Trading: One of Robinhood's standout features is its commission-free trading model, allowing users to buy and sell stocks, ETFs, options, and cryptocurrencies without incurring any fees.

b) Fractional Shares: Robinhood introduced fractional shares, enabling investors to own a fraction of expensive stocks. This feature allows users to diversify their portfolios with smaller investments and makes investing in popular and high-priced stocks more accessible.

c) Robust Research Tools: Robinhood provides users with comprehensive research tools, including real-time market data, customizable watchlists, and detailed company information. These tools empower investors to make informed decisions and stay updated on market trends.

d) Cryptocurrency Trading: Recognizing the growing interest in digital currencies, Robinhood allows users to trade popular cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. This feature caters to the rising demand for crypto investments.

e) Robinhood Gold: For more advanced investors, Robinhood offers a premium subscription service called Robinhood Gold. It provides additional fintech app features such as extended trading hours, margin trading, and access to professional research.

See More: Single-Page Apps vs Multi-Page Apps: What To Choose For Web Development

2. Venmo


Venmo has revolutionized peer-to-peer (P2P) payments, making splitting bills, reimbursing friends, and requesting money effortless. Acquired by PayPal in 2013, Venmo has become a ubiquitous name in the FinTech industry, transforming the way individuals handle personal payments.

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Features and Functionalities:

a) P2P Payments: Venmo's primary functionality revolves around seamless P2P payments. Users can easily send and receive money from their contacts, split bills, and request payments. Venmo streamlines the process by integrating with users' bank accounts or credit/debit cards.

b) Social Feed: Venmo adds a social element to payments, allowing users to view and interact with their friends' transactions through a public feed. Users can add comments, emojis, and even "like" or "unlike" transactions, creating a social experience around money exchanges.

c) Venmo Card: Venmo offers a physical debit card that connects to users' Venmo accounts. This card allows users to spend their Venmo balance directly, making payments at merchants or withdrawing cash from ATMs.

d) Split-Bill Functionality: Venmo's split-bill feature simplifies group payments, enabling users to divide expenses with friends, such as splitting the cost of a dinner or group gift. Users can specify individual amounts or divide equally among participants.

e) Integration with Merchants: Venmo has expanded its reach by integrating with various merchants, enabling users to make purchases directly through the app at participating online and physical stores.

3. PayPal


PayPal, a household name in the FinTech space, has transformed online payments since its inception in 1998. With its secure and convenient platform, PayPal allows users to send and receive money globally, making it a preferred choice for individuals, businesses, and online merchants.

Features and Functionalities:

a) Secure Payments: PayPal prioritizes security, providing users with a safe and protected payment environment. It uses advanced encryption technology to safeguard financial information and offers buyer and seller protection for eligible transactions, providing peace of mind to both parties.

b) Global Accessibility: PayPal operates in over 200 countries and supports multiple currencies, making it a globally accessible payment solution. Users can send and receive payments internationally, facilitating seamless transactions across borders.

c) Payment Flexibility: PayPal offers various payment options, allowing users to link their accounts to credit cards, debit cards, or bank accounts. Additionally, users can maintain a PayPal balance, enabling them to make purchases or transfer funds directly from their account balance.

d) Mobile Payments: With the rise of mobile usage, PayPal has developed a user-friendly mobile app for iOS and Android devices. The app enables users to manage their accounts, send or request money, make payments using QR codes, and even split bills with friends effortlessly.

e) Online Shopping Integration: PayPal is widely accepted by numerous online merchants and e-commerce platforms. It provides a seamless checkout experience, allowing users to make payments with just a few clicks, eliminating the need to enter credit card details repeatedly.

f) Peer-to-Peer Payments: PayPal facilitates peer-to-peer (P2P) payments, enabling users to send money to friends, family, or colleagues. Whether it's splitting a restaurant bill or reimbursing someone, PayPal's P2P feature simplifies the process and allows instant fund transfers.

g) PayPal Business Solutions: For businesses, PayPal offers a range of solutions tailored to their needs. These include invoicing, website payment buttons, subscription management, and integration with various e-commerce platforms. PayPal also provides business analytics and reporting tools to track sales and manage finances effectively.

h) Fundraising and Donations: PayPal supports fundraising efforts and charitable donations. It allows users to create fundraising campaigns and collect contributions online, making it easier for individuals and organizations to raise funds for causes they support.

See More: Mobile App Development - Step by Step Guide for 2022

Financial technology, or fintech, is constantly evolving, driven by emerging technologies and innovative solutions. Looking ahead, several trends are expected to shape the future of fintech apps.

1. Artificial Intelligence (AI) and Machine Learning (ML)

AI and ML technologies are revolutionizing the fintech landscape. These technologies enable smart automation, data analysis, fraud detection, and personalized customer experiences. Fintech apps can leverage AI-powered chatbots for customer support and virtual assistants for financial planning.

2. Blockchain and Distributed Ledger Technology (DLT)

Blockchain offers secure and transparent transactions, making it ideal for fintech applications. It can streamline cross-border payments, reduce costs, and enhance security. Additionally, DLT enables the creation of decentralized finance (DeFi) platforms, providing users access to financial services without intermediaries.

3. Biometrics and Enhanced Security

Fintech apps increasingly adopt biometric authentication methods such as facial recognition and fingerprint scanning for enhanced security. This technology ensures secure access to financial data and minimizes the risk of identity theft or fraud.

4. Open Banking

With the implementation of open banking regulations in various regions, fintech apps can tap into vast amounts of customer data from different financial institutions. This will enable the development of personalized financial software solutions, such as budgeting apps, investment platforms, and lending solutions.

5. Digital Payments and Mobile Wallets

The shift towards digital payments and the widespread adoption of mobile wallets are expected to continue growing. Fintech apps can capitalize on this trend by offering seamless and secure payment solutions, enabling users to make transactions conveniently using their smartphones.

6. Wealth Management and Robo-Advisory

As individuals increasingly seek to manage their wealth and investments, robo-advisory services are gaining popularity. Fintech apps that provide automated investment advice, portfolio management, and personalized financial planning tools have significant growth potential in this space.

7. Financial Inclusion

Fintech has the potential to bridge the gap in financial inclusion by providing access to financial services for underserved populations. Fintech apps can cater to the unbanked and underbanked communities by offering simplified account opening processes, micro-lending platforms, and peer-to-peer payment solutions.

8. Integration with Internet of Things (IoT)

The integration of fintech apps with IoT devices opens up new opportunities for seamless financial transactions. Connected devices such as wearables and smart appliances can facilitate automated payments, making transactions more convenient for users.

See More: The Ultimate Guide: Choosing the Perfect Fintech Software Development Company

Launch a Market-Leading Fintech App With Third Rock Techkno

At Third Rock Techkno, we are dedicated to helping businesses launch market-leading fintech apps. With our team of industry-leading professionals, we have over 10 years of experience in the fintech domain, making us well-equipped to deliver top-notch solutions.

Our expertise lies in understanding the ever-evolving fintech landscape and translating that knowledge into innovative and market-driven applications. We are committed to develop fintech apps that not only meet your business requirements but also exceed user expectations.

What sets us apart is our focus on delivering high-quality solutions that are tailored to your specific needs. We work closely with our clients to understand their goals, target audience, and unique value proposition. This allows us to develop fintech apps that resonate with users and provide a seamless and secure financial experience.

Contact us today to explore how we can help you launch a market-leading fintech app that meets the needs of your business and your customers.


1. What exactly is a fintech app?

A fintech app is a mobile or web application that utilizes technology to provide financial services and solutions. It enables users to perform various financial activities such as digital payments, investments, budgeting, banking, and more conveniently through their devices.

2. What are the key features of a fintech app?

Key features of a fintech app include secure payment processing, account management, transaction tracking, real-time notifications, data analytics, integration with financial institutions, personalized financial insights, and often support for emerging technologies like AI, blockchain, or biometrics.

3. Why should you develop a fintech app?

Developing a fintech app can offer several benefits. It provides convenience and accessibility for users, improves financial management, enables faster and secure transactions, facilitates financial inclusion, opens up new revenue streams, enhances customer engagement and loyalty, and allows businesses to stay competitive in the evolving digital landscape.

4. What is the future of fintech apps?

The future of fintech apps looks promising. They are expected to continue leveraging emerging technologies like AI, blockchain, and IoT to provide more personalized and seamless financial experiences.

Additionally, there will be a focus on financial inclusion, open banking, enhanced security measures, and the integration of fintech apps with other industries like healthcare or real estate to expand their capabilities.

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