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
  • A digital currency trade permitting clients to change over monetary forms into Bitcoin, Litecoin, Ethereum, Bitcoin Cash or XRP
  • 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

SYSTEM USER USER ADMIN
End users Application Access Admin Web Access
Money Transfer Dashboard Analytics
Exchange currencies Manage money transfer
Payment Status Alerts Manage Currency Exchange
Track Bill Payments Manage Payments
Low funds Warning Manage Multiple Transactions
Multiple Transactions Manage Split Transactions
Real-time processing Manage Notifications
Split Transactions Manage Reminders
Add Bills and Money Manage Interest for savings
Receive Remainders Manage Bills
Spending Analytics
Interest on saving
Cost to develop a fintech app Cost of developing a fintech app will be $35k-$40k.
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

  • Tokenization - The OTP is relegated to the client (enrolled versatile number) that speaks to the genuine credit/platinum card number during the exchange. This number must be tokenized by the particular specialist co-op lessening the odds of online robbery to the base.
  • Point-to-Point Encryption - It guarantees security is kept up during every exchange and cooperation with a POS terminal is set up in a made sure about the style.
  • Blockchain - It guarantees the security of every transaction made through the device via the app.

The limit for money transfer will be as per the banks associated in-app.

We are using ZOHO as a project management tool. We are also using GitLab, GitHub, and BigBucket for source code management.

We give AMC (Annual Maintenance Cost) benefits on case-to-case premises at 10% of the project cost.
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.

Contact Us

Have an !dea to develop an app like Revolut?

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Address

31 Queen St,

Charlottetown,

PE C1A 4A4,

Canada