Are you a startup, CTO, or business founder who is looking for a highly profitable fintech app idea?
Are you searching for effective fintech business models that attract investors to your startup?
If this is so, you have come to the right place.
Here, we have brought the top 8 innovative Fintech App ideas for startups that want to start their business in 2022. In fact, our team has done a lot of research and prepared the list of most demanding fintech app ideas that could help you achieve success in the fintech industry.
Fintech or financial technology is the combination of finance and digital technologies. In fact, it is a type of digital solution that enables banks and financial institutions to provide multiple types of financial services. Furthermore, Fintech generally uses web, artificial intelligence, blockchain, machine learning, cloud computing, big data, mobile app development, and other technologies to craft the fintech solutions.
Fintech apps are either web or mobile applications that offer multiple types of services. These apps can provide banking services, stocks & trading, investment, and much more. Fintech apps solve consumers’ problems and help industries save costs. Lastly, businesses now look for the fintech app development company to build fintech mobile applications that streamline their existing ecosystem.
(Source:Techtic.com)
As per the latest report released from Appsflyer, there has been a 132% growth in downloads of the fintech app category on app stores. In fact, the growth in the usage of Fintech apps took a faster face after the Covid-19 pandemic hit.
(Source:Finopotamus.com )
The Appflyer’s report revealed that fintech marketers invested $3 billion in user acquisition in 2020. In fact, you would be surprised to know that the global fintech market is estimated to reach $25.6 trillion with a CAGR of 6% in 2022.
| S.N. | Fintech App | Total Valuation | Country |
| 1 | Robinhood | $32 Billion | USA |
| 2 | Chime | $25 Billion | USA |
| 3 | Nubank | $30 Billion | Brazil |
| 4 | Mint | $103 Million | USA |
| 5 | Revolut | $33 Billion | UK |
| 6 | Coinbase | $85.7 Billion | USA |
| 7 | N26 | $3.5 Billion | Germany |
| 8 | Finch | $15 Million | USA |
| 9 | Tellus | $265 Million | USA |
| 10 | MoneyLion | $2.9 Billion | USA |
Therefore, the demand for fintech app development has increased dramatically in the past few years. And this increase in the demand for fintech solutions is because of its growing usability across banks and the financial sector.
Banks are now using mobile banking apps to offer their banking services ceaselessly to their customers. Moreover, enterprise and insurance companies are developing fintech mobile applications to streamline their financial services. As a result, the growth in fintech app development is taking a fast pace.
The demand for fintech apps is enhancing because it solve various persisting problems in the current financial and banking ecosystem with the following features:
We hope you have now realized how profitable developing a fintech app is. With that said, let’s know 
The banking industry is passing through digital transformation. In fact, banks are now preferring digital banking solutions like mobile banking apps, and internet banking apps to conventional banking practices. Therefore, these apps assist banks to streamline their banking services.
Especially mobile banking apps are proving to be a boon. Previously in the age of web development, banks were taking advantage of internet banking. But with the disruption of fintech app development, banks are getting better digital solutions.
Banks are developing dedicated and separate mobile banking apps to provide 24×7 services to their customers. Hence, developing an effective digital banking app could prove to be a successful fintech app startup idea.
Startups can work with banks to provide them with advanced and high-performing digital banking mobile applications. As a result, they can create a B2B common marketing platform for all banks to connect with global customers or other offerings.
Data that proves the demand for digital banking apps
Why this fintech app will work
Examples of digital banking apps
Insurance sector is a major segment of the fintech market. Today, insurance companies are now adopting digital solutions to reach more customers. In fact, they use insurance mobile applications to offer their insurance policies, sell new products, or provide online customer support round the clock.
Customers also prefer using insurance mobile apps. It is because they feel tedious to browse websites for existing information. Thus, with insurance mobile apps, customers can explore and compare different insurance policies.
They can easily claim requests and look at other products & offerings. Therefore, insurance mobile apps are emerging as a hot fintech app development concept for fintech startups in 2022.
Data that proves the demand for insurance mobile apps
Why this fintech app idea will work
Examples of insurance mobile apps
The demand for P2P (peer-to-peer) payment solutions has increased significantly in the current market. Businesses are looking for more P2P payment apps due to its great benefits. Above all, P2P payment apps allow parties to directly transfer money from one person to another without passing through a middleman.
This not only helps businesses transfer money quickly and safely but also save cost in transaction fees. As a result, this fintech app is gradually becoming a reliable and cost-saving method for fund transfers. Thus, Fintech app development company gets a high number of requests for developing P2P payment web and mobile applications.
If you are a Fintech startup, you can develop high-performing and secured P2P payment mobile apps for businesses. As a matter of fact, you can also create P2P payment apps using blockchain technology for cryptocurrency exchange.
At present, companies are looking for advanced blockchain-based apps for crypto exchange. Hence, fintech startups can also invest in blockchain development services to build such fintech solutions.
Data that proves the demand for P2P payment apps
Why this fintech app idea will work
Examples of P2P payment apps
A Crowdfunding app is a digital platform where people can raise funds for a campaign or a cause. Furthermore, crowdfunding is among the most common activities in the industry. From businesses to non-profit organizations, every entity needs a reliable and robust platform that helps them in raising money through crowdfunding.
Especially during the Covid-19 pandemic, the Crowdfunding sector witnessed a huge jump in its growth. And today, the demand for Crowdfunding mobile Apps is taking a new pace.
Hence, fintech startups here can take advantage of this emerging opportunity. Since most Crowdfunding platforms serve web users, you can build mobile Crowdfunding Applications. This fintech app idea is profitable because people mostly use mobile apps for social activities. They can easily donate or transfer their money through a Crowdfunding mobile application securely and easily. As a result, this idea could prove to be a successful fintech app development concept.
Data that proves the demand for crowdfunding mobile apps
Why this fintech app idea will work
Examples of crowdfunding mobile apps
Due to the increased use of Cryptocurrency, people now look for the easiest and most convenient ways for Cryptocurrency exchange. At present Cryptocurrency is being used across industries for various purposes.
This usage has pushed the need for a fast and reliable platform for Cryptocurrency exchange. And Cryptocurrency exchange has also become legal in most counties. Thus, you don’t need to worry about compliances or regulations.
As a Fintech startup, developing a Cryptocurrency exchange mobile app could be a promising business model. As the owner of the Cryptocurrency exchanges mobile app, you can earn commission from the transactions taking place within your app. Therefore, investing in this fintech app concept can help you set up your own venture in cryptocurrency market.
Data that proves the demand for cryptocurrency exchange mobile app
Why this fintech app idea will work
Examples of cryptocurrency exchange mobile apps
Personal finance applications allow people to manage their personal financial things. This is a type of fintech mobile app for providing personal financial management features to people. These apps allow users to monitor their expenditure, saving, and investments. People can also track their bill payments and improve their credit scores. Hence, the demand for useful personal finance apps is growing consistently.
At present, consumers are looking for feature-rich and meaningful Personal Finance Apps that help in personal finance management. They use these apps to make intelligent investment decisions. Therefore, Fintech startups can come up with unique and useful Personal Finance Apps.
Data that proves the demand for personal finance apps
Why this fintech app will work
Examples of personal finance apps
At present, consumers mostly use their smartphones and mobile devices for online commercial activities. Whether it is online shopping or crypto exchange, mobile apps provide a faster and more convenient way to perform all types of online commercial activity. And therefore, the use of mobile wallets is increasing significantly.
Mobile wallet apps provide a wide range of features for performing multiple financial activities. Through mobile wallet apps, people can store their finance and investment documents, bank docs, and exchange cryptocurrency as well.
Fintech startups here can develop an innovative mobile wallet app that provides amazing features for managing various financial and commercial activities. Thus, developing a mobile wallet app is emerging as a profitable fintech app concept for businesses,
Data that proves the demand for digital banking apps
As per the MarketWatch report, the global mobile wallet app market size is projected to surpass $ 142700 million with a CAGR of 12.0% by 2028. Hence, startups can look for investment opportunities in long-term scale.
Why this fintech app idea will work
Examples of mobile wallet apps
Investment mobile app guides people to invest in stocks, trading, and policies. These apps help people make the right decisions as to where to buy, deposit or invest. Today, the number of Investment Apps is growing tremendously in the market. Robinhood is one of the top-grossing mobile apps in the USA that provide investment-related services and information to users.
This app has been valued at $32 Billion in 2021. Not only this app, but other investment apps like Chime, Nubank, Mint, Revolut, and Coinbase have been valued at more than $30 Billion in USA.
Thus, you can conclude from this figure how profitable this fintech app is. Despite the growing competition in investment apps, the demand for more investment apps continues to increase. Therefore, startups can take advantage of this app idea for earning big revenues like famous apps.
Data that proves the demand for cryptocurrency exchange mobile app
As per the Business of Apps report, the number of stock trading app users will exceed 92 million by 2022. Hence, you will have a wide range of audience despite growing competition.
Why this fintech app idea will work
Examples of investment apps
We hope you are now quite familiar with the top innovative fintech app ideas. These fintech apps are evolving impressively and continuously broadening the business scope for upcoming startups.
However, having the best idea is not enough. You need the right expertise and intelligence to transform your innovative fintech app idea into a full-fledged mobile application. Therefore, you should find a professional fintech app development company that can assist you to build high-standard fintech apps. And this is where MobileCoderz comes in.
MobileCoderz is the top mobile app development company that holds a proven track record of delivering successful fintech mobile apps for global businesses. We hold great excellence in developing multiple types of fintech mobile apps for fintech startups and mid-size finance companies.
We follow up-to-date coding and mobile app development practices. Therefore, our solutions have enabled our various international clients to succeed in the competitive fintech industry, especially in the USA. You can even hire blockchain developers for your enterprise-scale fintech application.
If you have an innovative fintech app concept in your mind, let’s give it a real shape together.
Book a Free Consultation and Speak with Our Fintech Experts
Copyright © 2022 MobileCoderz
Leave a Reply