Most Prevalent FinTech Applications That Will Boom In 2022

Are you planning to build your own FinTech application in 2022? But you are not sure about the market size and success possibilities of this industry. This blog will get inspired by the most prevalent FinTech applications. You will also learn when finance businesses are investing in the best FinTech app development company.

Let’s Understand the FinTech App Market 

In the beginning, the FinTech industry was started only to support banking operations and trading. However, the rise of the internet brought a massive revolution to the traditional banking and finance industry. Today, we can transfer money, purchase goods and services, and invest in stocks with FinTech applications. 

The Top Fintech Applications That Will Boom in 2022 

1. MoneyLion

MoneyLion has already become one of the biggest FinTech apps in the United States of America. By using this app, the users are able to get advice and apply for loans. It provides a complete suite for managing lending, savings, and wealth. The company has also expanded its distribution network to improve its financial services for its clients. 15 big investors are investing in this FinTech app to ensure its prosperous growth. 

2. Robinhood 

The Robinhood app is a stock brokerage app that allows users to start investing in stocks from their mobile devices. Its users are also able to explore and invest in cryptocurrencies and ETFs without any commission. The no commission fees for investment have made it a very popular investment platform. In fact, the app has generated a total of $5.6 billion in capital funding, according to Crunchbase. This clearly shows how a FinTech app with good implementation can become a billion-dollar company. You can also achieve this success by collaborating with the right mobile app development company. 

3. Chime 

The Chime app has become one of the best financial apps in the USA. It works as a mobile-only bank to help users to manage their expenditures and saving accounts without any commission or service charges. Thus, in the USA, people consider it as a very reliable and robust budgeting tool with different automatic saving alternatives. The FinTech company provides a huge ATM network in the USA, which makes it a very convenient banking app across the nation. The app pushes users to save money by automatically deducting 10% of their paycheck and directly saving the amount into their savings account. 

4. Nubank 

Nubank is a Brazil-based FinTech company and is on the verge to become one of the finest FinTech start-ups of 2022. The FinTech business enables users to conduct instant money transfers, evaluate invoices, and track their expenditures. Users using the Nubank app are able to get real-time information about their credit/debit cards, saving accounts, and rewards given by Nubank. Recently, the FinTech company has raised an astounding amount of $650 million. This success must inspire you to build your own FinTech application by collaborating with a trustworthy FinTech app development company. 

5. Mint 

The Mint app is a well-known payment app solution for making payments for bills, managing transactions, and expenditures. Its users can just save their payment card info safely to get notified about bills and other reminders. Every data on the FinTech app is secured with the help of 256-bit military-grade encryption. Moreover, the data sent to the Mint app is encrypted with 128-bit SSL. This huge level of security has enabled the FinTech company to build faith and trust among its users. Payments have become a lot easier by using the Mint app. It gives inspiration to the FinTech start-ups to invest in a FinTech app development company in order to build robust and secure FinTech applications. 

Collaborating with MobileCoderz to Build a FinTech App 

If you are finally convinced about building your own FinTech app, then MobileCoderz is a leading app development company that can build your FinTech app efficiently. They have years of experience in building high-performance, secure, and robust FinTech applications. Plus, their team of skilled and certified developers is known for providing top-notch client-centric services.