How much would it cost to develop a fintech platform like Revolut?

In July 2015 revolut was officially launched, having its headquarters in the UK. Currently, Revolut has more than 10 million users.

According to Ernst and Young, 64% of global users have used more than one fintech platform worldwide and 96% of consumers are aware of at least one fintech platform, as of 2019.

If you feel like managing your entire financial life through a single app, Revolut is the key to that. From regular spending and planning, to foreign-currency exchange and simple access stock trading, Revolut has it all, for the tech savvy customer looking for a personalised finance management tool. It's specially targeted towards users who keep on looking for new thoughts and better encounters in all that they do. Since the present hyper-associated world merits a money management tool which is similarly dynamic, Revolut is the one that adjusts to your requirements, gives you control, and continually drives you into new energizing spaces.

About revolut - a fintech platform

Revolut offers a scope of computerized banking administrations in a versatile application focused at youthful educated clients, including:

  • Moving cash abroad in 29 monetary forms
  • A prepaid debit card that empowers money machine withdrawals in 120 nations
  • Vaults for planning and setting aside cash

Want to create a fintech app like Revolut?

As the fintech platform is growing in the market, there are several players providing unique platforms with unique features. But the only way of differentiation can be on the basis of the quality of the product and yet secured development process. Being a trusted financial app development company, we can offer best-in-class mobile money transfer and management of your finance with cutting edge payment integration technology.We are a highly experienced team of app developers, UI/UX designs, project managers, and business analysts who have experience in developing and handling numerous custom apps for clients.

The net cost for developing your own fintech app would be in the range of $35k-$40k.

Basic Features - Cost to Develop Application like Revolut

1. Money Transfer: Manage and do all your money transfers via the app. All you have to do is add your card to the app and make the payment using your pin.
2. Currency Exchange: Convert the exchange rates when you are traveling, or making any purchase. This feature will also provide a status notification on currency change, helping you resolve currency exchange problems.
3. Payment status alerts: The user will be notified of the status of any payment or transaction made. It will be a notification, that the user will receive for any ongoing payment or in process.
4. Track your payment: Track your payment, get notified of your payment status, and keep a history of every single transaction made. Bill payment or money transfer, you will have it all in one place.
5. Split bills: Split your bills with your roomies, friends. This feature splits the entire bill among all the participants in the group, keeping a track of all the payments made.
6. Remainder for bill payments: Receive a reminder for bill payments via the app. An auto-set reminder for the bill paid for the month, and get the reminder again the next month on the same date to not miss it.
7. Low funds warning and interest in saving: Get a notification over low fundings you have in-app, and default refill the amount set in lease 10 seconds in hand. Make the most of your plan, funds, saving, and get interested in it. Earning program for customer engagement in-app.
8. Budget Analytics: Analyse your budget growth for each month, how much you save and where is the most investment made. A graph that will show your budget count and savings, from where you can keep track for the month or week or year of your forecast.
9. Stock Information and crypto stats: Buy, sell, and hold cryptocurrencies at the hold of just a button. Get instant information about the stock, bitcoins, and many more.
10. Trending perks: Explore your surroundings, places to visit, places with more traffic, and more convenient to visit and invest. Find all around you in just one tap.
Add On Features Monthly Expenditure planning
Integrate other fintech apps
Advanced analytics to track revenue

Resource Team needed to build the fintech platform like Revolut

It is basic to find out about assets that will be expected to develop a wearable app. The group ought to in a perfect world be comprising of:

  • 1-2 UI/UX Designer
  • 2 iPhone Developers
  • 2 Android Developers
  • 3 Web Developers
  • 1 IoT Developer
  • 1 Machine Learning Developer
  • 1 Business Analyst
  • 1 Quality Analyst
  • 1 Project Manager

Technology Stack We use to develop

Sketch
Sketch
Xcode
Xcode
Android
Android
AWS
AWS
Fabric iOS
Fabric iOS
Android Studio
Android Studio
FCM
FCM
Geo-fence
Geo-fence
Google Analytics
Google Analytics
Google API
Google API
MEAN Stack
MEAN Stack
Mantis BT
Mantis BT
Sass
Sass
sendinblue
sendinblue
Google Webmasters
Google Webmasters
stripe
stripe
swift iOS
swift iOS
ZOHO
ZOHO

Why choose Let’s Nurture to develop a fintech platform like revolut?

It is of most extreme significance that you connect with the accomplished mobile application development that has mastery in discussion and Android / iOS improvement. What's more, with an extremely imaginative thought with representative administration, simply the best can assist you with such a methodology by making your application having perfect UI/UX and remarkable highlights. Recruit our answer specialists and get in touch with us for any inquiries you have.

  • Market competitive cost of development.

  • Experience in building mobile wallet platforms

  • Seasoned team with multi platform expertise to all aspects of system development

  • Extensive experience in varied business verticals like field sales, e-commerce, finance, etc…

  • Experienced AI/ML personnel.

  • Strategic usability and unit testing at each level.

For more details and info regarding fin-tech platform like Revolut

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FAQs

Yes, we can provide the feature for business accounts. The app will provide options for two types of accounts (or more if required), with certain terms. Based on the terms customers can create a business account and use it.

The business logic is in the Service layer architecture. Controllers are for handling the requests and serve the response.

We have our QA team who will be preparing test-cases and testing every module and feature of the app. We start with smoke testing and move forward with system and acceptance testing.

We are using SSL Layer for any communication over the network, hence data is encrypted and protected.
The app will automatically convert the currencies during transactions at the best available rate, and you don’t have to pre-purchase currencies.
There can be a deposit limit set if required. It is suggested to keep a wallet limit to a certain for security purposes.
DISCLAIMER: This page is created solely for non-commercial and informational purposes. Let's Nurture does not claim or intend to claim any direct or indirect ownership of any third party materials or endure any benefit in relation to such third party materials which are forming a part of the content on this page.

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PE C1A 4A4,

Canada