How To Create A FinTech App In 2025: Its Features, Cost, And Stages

Cost To Build A FinTech App: A Complete Guide

Have you been looking to create a FinTech app in 2025 leveraging modern technologies, but not sure where to start? No worries, here’s a complete guide explaining everything from app development stages to features, and the cost to process it involved in it.

According to the reports, the global FinTech market size is expected to grow from $312.92 billion in 2024 to $608 billion by 2029. More than 60% of bank executives worldwide believe that FinTech is redefining wallets and mobile payments and making the financial sector more accessible to its customers.

In the USA alone, 65% of the population is strongly relying upon digital payments and uses one or another finance app. 

Moreover, by 2028, the number of users in the digital payment market is expected to reach 4,805 million users.

Leveraging advanced technologies, the demand for developing a FinTech application is gradually increasing. But whether you are a leading financial institute or a startup, your first question will be “whether it’s worth investing in the fintech app development?

Though there are a plethora of banking and finance apps available on the market, the rapidly evolving needs of the customers always keep room for well-researched and planned FinTech apps with innovative capabilities. However, starting a FinTech app required professional assistance and app idea validation.

So if you plan to develop a FinTech app for your business, then now is the best time to take action. But you might wonder about the cost of creating a Fintech app for your business. No more frets! Here we have a complete guide covering everything from its process to cost and other technicalities required in between.

Are you trying to understand how to create a FinTech app for your business? Hire a mobile app developer to design a roadmap and prioritize the features that can add a competitive edge to your business. Let’s connect now!

FinTech App Development Process: Understanding the Stages of FinTech App Development

FinTech app development is a comprehensive process that involves multiple stages, and each stage is critical for ensuring that the final product meets the industry standards and user expectations and more. So while hiring a mobile app development company, you need to follow these FinTech app development stages:

Stage 1: Ideation and Research 

Most businesses overlook this stage and rush to start coding an app, once they have a mobile app idea. But believe me, this will lead to blunder. So before starting developing a FinTech app, it is important to thoroughly research and understand the market and specific requirements of your target audience.

While determining your business requirements and conducting market research, make sure you include below things in this phase:

• Identify the purpose of launching your FinTech App and determine what exactly you are trying to solve with it.
• Though there are various FinTech apps available in the market, identify your USP.
• Next, analyze the competitors, emerging trends, and regulatory requirements in the FinTech app development space.
• Analyze the demographics and behaviors of potential users to customize the features and functionalities of the app. 
• Set the real-life budget that must include the development cost, licensing, and marketing to ensure a successful project. 

Stage 2: Planning and Business Requirement Analysis

Once you validate your FinTech app ideas, detailed planning is required to map out the development process. So here are the key considerations for this phase:

• It could be the biggest budget-affecting factor, so make sure you prioritize the must-have features including payment gateways, Determine the technology stack to make your app work like a well-oiled machine.
• Consider the legal and regulatory requirements such as PCI, DSS, GDPR, and PSD2 for payment processing and data security. 
• Further, outline the milestones, set the timelines, and resource allocation.

Stage 3: UI/UX Design

When it comes to designing the FinTech app, make sure it boasts a simple and easy-to-navigate interface that keeps users engaged longer. For this, hire a mobile app development company backed with an in-house UI/UX design team. They will help you create basic layouts of the app’s structure and user journey.

They will develop an interactive prototype to visualize the app’s flow and test user interactions. Also, make sure to design a clean and user-friendly interface with a focus on simplicity and easy accessibility. 

Stage 4: App Development Requirement

Once you sort all the basic things, now it’s time to code an app. For this process, you need a complete app development team that includes a project manager, 2 front-end developers, 3 back-end developers, UI/UX designers, and a Quality assurance engineer. Make sure the app development team has the expertise and skills to handle the complexity of the app.

Stage 5: Test and Deploy the App

Once your app is ready, conduct a thorough app testing. Use both manual and automated app testing on multiple devices to ensure that it’s bug-free. After that, launch your app on the app store.

Did you know over 64% of global consumers have adopted FinTech Services?

Unleash the power of FinTech innovation with Xicom and transform the way users manage, invest, and spend their money. Provide a secure and modern FinTech app with top-tier features.

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Must-Have Features to Create a FinTech Application

To create a FinTech app for your business, make sure you have a robust yet user-friendly app interface that ensures a seamless transaction experience for the users. But to make the entire process work smoothly, you need to integrate the right choice of features and functionalities. However, the challenge is, that the more features you integrate in the app, the higher the app development cost will be. 

So here we have shared the list of key features and functionalities that you can prioritize to create a FinTech mobile app in 2025:

1. Account Management

Your FinTech app should provide users with a consolidated view of all their financial accounts including bank accounts, credit cards, and loans. For this here are the key features you need to include for account management:

• Tracking the balance of various accounts
• Offering secure storage and management of personal financial information
• Detailed transaction history to track income and spending patterns
• Easy setup of recurring payments and transfers for bills and loans.

2. Payment Processing

When developing a FinTech App, keep in mind that speed and convenience matter the most. A well-integrated payment processing system will assure:

• Hassle-Free P2P money sharing between friends or family
• Scheduling bill payment options for regular expenses
• Integrated with mobile wallets for seamless contactless payments
• Offering real-time transaction processing and notifications for spending and balances

3. Budget Managing Tools

Let your users manage their monthly expenses more effectively by using the budgeting feature in the FinTech App that offers:

• Expense categorization to provide users with a clear view of spending habits
• Offering customizable spending limits across different categories
• Notifications and alerts when users approach or exceed their budget limits
• Providing in-depth financial insights and reporting features for users to make an informed financial adjustment

4. Credit Monitoring 

For FinTech Apps dealing with loans or credit score-related services, real-time credit monitoring can be a game-changer. Make sure it offers:

• Live credit score updates and monitoring credit report
• Alerts on credit changes to detect fraud or errors quickly
• Personalized recommendations and tips to improve credit score

5. Security Features

In FinTech software solutions, security is one of the top priorities, so make sure you offer advanced security measures which include:

• Biometric authentication for secure access
• Two-factor authentication for enhanced protection
• End-to-end encryption to safeguard personal and financial data

6. Custom Support

Offer exceptional customer support to retain users. For a free experience, make sure your FinTech app offers:

• Multiple channel support either through chat, email, or phone to provide instant assistance
• Live chat support using AI chatbots that remain 24/7 available for users
• Offering a ticketing system to track or resolve customer issues effectively

These are the few important features that you need to consider integrating into the FinTech app which may cost between $20,000 to $30,000+ and can go beyond $50,000 with the additional advanced features. You can consider hiring the React Native app developer, to get multiple platform support and save on cost further. 

The Global FinTech Market is projected to hit $305 billion by 2025!

Ready to revolutionize financial services? Let Xicom help you build a powerful, secure, and user-friendly FinTech Mobile app with custom features.

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Common Challenges to Develop a FinTech App for Your Business

FinTech applications have become an urgent requirement of banking institutions, but due to its complex app structure, it is tough to follow regulatory requirements and high user expectations of the users. So if you are wondering what obstacles you may encounter while developing a FinTech app then consider below with solutions offered by the top mobile app development companies.

1. Meeting Regulatory Compliance

To create a FinTech app, you need to comply with a variety of regulations like GDPR, PCI DSS, KYC, AML, and PSD2 which may differ across various regions and are regularly updated.

Solution: This is where, when you hire an Android app development company, they offer legal compliance consulting services before directly starting working on the project.

They build compliance automation features to streamline KYC, AML, and other processes.

2. Data Security and Privacy

Protecting sensitive financial data from breaches and cyberattacks is a top priority when developing a FinTech App.

Solution: A mobile app development company enables you to implement multi-grade encryption and multi-factor authentication features. Moreover, they conduct regular security audits to identify and fix potential threats in real-time. 

Read More: 115+ Top Mobile App Ideas in 2025 For Startups, Entrepreneurs etc.

How Much Does It Cost to Create a FinTech App for Your Business?

Estimating the cost of creating a FinTech mobile app for businesses is quite a challenging task. The actual cost to create an app can greatly vary based on several factors like the complexity of the app, features and functionalities, choice of platform, technology choice, app development, and more.

Still, if it comes to concluding the factors, the average cost may vary between $20,000 to $50,000+ for a single platform. Now, before you hire a software developer, you must be asking why there is a huge gap between a cost. Well, it all depends on the complexity!

To define the cost of creating a FinTech app based on its complexity, you can break it down into three main categories: Basic, Moderate, and Advanced. Here’s how it varies in cost…

1. Basic FinTech App 

This is a simple app version that includes all the essential features such as user registration, account management, secure login, basic transaction tracking, payment gateway, and more. These apps usually cater to a specific function such as a personal budgeting app, simple payment processing app, and more

The average time to create a FinTech app with simple features would take around 3 to 5 months, which costs around $20,000 to $25,000+, depending upon the business requirements.

2. Moderate FinTech App

The moderate level of the FinTech app includes additional features like Data analytics, notifications, multi-currency support, API integrations, user notifications data analytics, and more.

Usually, it takes around 5 to 8 months and may cost between $30,000 to $35,000+ depending upon the choice of features and business requirements. 

3. Advanced FinTech App 

It is a comprehensive version of the FinTech app designed with all new advanced capabilities and features. It may include AI-driven financial analysis, cryptocurrency integration, real-time trading, robo-advisory services, using ML for fraud detection, or blockchain technology. The advanced app versions are integrated with a high-end level of security, compliance with regulations, and ongoing maintenance. 

To create a FinTech app with all the advanced features, the development timeline may range between 9 to 12 months and the cost ranges around $35,000 to $50,000+. 

Before you take these estimations as the final app development cost, it is worth understanding that these are market survey-based calculations that can easily go up and down depending on the complexity of your business requirements.

So if you are seriously looking for FinTech mobile app development services, then it is recommended to book a free 15-minute consultation slot with our experts to get your project evaluated and have real estimations. 

Conclusion

Hopefully, this blog has given you a clear insight into how FinTech applications are surging in demand and revamping the traditional banking system. Even the world’s leading traditional banks have adopted customized mobile apps to streamline operations and are able to closely connect with the target audience. The way people look for digital convenience, it’s time for businesses to take action and make a mark in the fintech market with quality products. 

Building a FinTech app is a complex task that requires a combination of technical expertise and practical experience in the industry. So that’s where you need to hire a software development company to customize the functionalities of the app that align with your business requirements. For more details and app development estimation, you can drop a query below and contact us!

FAQs

If you still have some doubts about creating a Fintech mobile app for your business, then consider this FAQ session to clear your doubts.