The introduction of fintech apps has raised the standards of finance industry to new heights. Multiple new methods of investing money, transferring funds, making payments and performing other banking tasks have been provided to the finance sector by feature-rich fintech applications. Mobile apps have made the lives of customers easier as well, allowing them to do all such tasks while sitting at home, that too with just a few clicks on their smartphones.
Not just the customers or finance-sector workers, but also the investors are pulled towards the growing popularity of fintech applications. More and more interest is being shown by investors who are investing in millions for finance startups and businesses. Therefore, this can be considered as the best period to invest in a finance application.
Mobile application ideas for finance-based startups are discussed here, which are surely going to yield profit and popularity.
-
Application for Personal Finance Management
This is a relatively new idea to invest in, but is sure to gain pace in the fintech sector considering its growing interest and acceptance globally. A lot of features can be integrated in such an app in order to assist the customers handle their expenses, income, savings and overall finances in the easiest possible way. Furthermore, the finances and incomes can also be categorized in different sections which can then be easily tracked and managed.
Apart from the above benefits, the users can also save their card details and billing information at one place in this app. Then onwards, with real-time reminders and updates, the users will never miss paying specific bills and payments.
-
Peer to Peer Payment Application
This is perhaps one of the best and most popular fintech app ideas to invest in because of growing use of digital payment. Trend of going cashless has hit the world quite hard and people now prefer to pay for a lot of tasks online only, using their favourite peer to peer payment apps.
Looking at the popularity and acceptance of this method, it would be an extremely profitable investment on such a payment application wherein users can use their mobile device to transfer money with just a few taps, and can also split their bills with their family members and friends.
For such a p2p payment application, integration of following features must be considered on priority:
- Bank Account Details
- Unique OTP/ID
- Secure Authentication
- Send/Receive Money
- Real-time Updates and Notifications
- Send Bills
- Customer Support Section
- History of Transactions
-
Investment Application
This is another kind of revolutionary fintech app idea which enables the customers to monitor their bank account and helps to invest extra cash from their everyday purchases.
To cite an example for this application, let us consider the functionality of an app named Acorns. If a user of this app buys something for $11.50, the Acorns application will round the figure to $12 and will invest the extra 50 cents. Thus, the user can invest in any of the portfolios ranging from conservative to aggressive, also considering the risk-factor and other associated aspects.
Some of the key features which must be added to such an investment app are as follows:
- Saving the spare cash
- Saving modifications
- Automatic deduction of rounded amount
- Free withdrawal whenever the user wants
- Investment in various portfolios with just a tap
- Real-time customer support
-
Payday Loan Application
Payday Loan App is another interesting fintech app idea in which you can invest and expect a huge revenue. This finance app allows the application users to take a specific amount of loan in times of emergency such as payments of bills, medical bills, EMIs, etc.
In order to use this application, a user is required to add work and bank details within the app. Then onwards, the app tracks the user’s working hours consistently. The user can cash out when in need, and the same amount will be deducted from his account when the next salary paycheckis received.
Following features are imperative for a Payday Loan App:
- Easy to take loan in least possible clicks
- No hidden fees
- Real-time notifications for upcoming payments
- Multiple-steps security for bank details
- Unique ID Verification
- Unique OTP feature
- Crowdfunding Solutions App
Crowdfunding is another successful startup idea in the sector of finance applications. This model has emerged as the best alternative for entrepreneurs to collect funds. Investors and entrepreneurs are able to raise funds for either new or an existing enterprise with the help of collective efforts of different venture capitalists and individual contributors.
In the current market, the availability of crowdfunding platforms is very limited but the concept itself is gaining popularity in regions of UK and US. But the graph of popularity of this concept is rising globally and is expected to have a market share of around $29 billion by 2025.
Conclusion:
The above-mentioned 5 fintech application ideas are extremely successful and profitable and are widely accepted worldwide. Development of creative technological solutions in this sector is the new trend which has a lot of opportunities open for investors.
If there is any iota of interest in your mind to invest in finance applications, feel free to contact us and we would be glad to assist you with all the queries. Our developers are well-equipped and well-experienced to fulfil all your requirements and execute your idea in the best possible manner.
Contact us at info@omninos.com and get going with the best app development experience in the fintech application sector.
