In July 2015, Revolut was officially launched. By the end of 2022, the app had 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 want to manage your entire financial life through a single app, Revolut is your solution. From spending and planning to exchanges and stocks, Revolut has it all for the tech-savvy customer looking for a personalized finance management tool. It's specifically targeted toward users interested in exploring new and interesting financial opportunities. The ever-changing financial world merits a money management tool which is similarly dynamic, and Revolut gets the job done. It adjusts to your requirements, gives you complete control, and continually drives you into new, energizing spaces.
Revolut offers a scope of computerized banking services in a versatile application, including:
One of the standout reasons to think about building a financial app is the acceleration of processes it provides for your business. Customer-facing processes that would take minutes instead take seconds. Errors made in haste or negligence are all but eliminated. You gain a convenient, unintrusive banking alternative to offer customers without the drawbacks of traditional banking solutions.
You have a plethora of other bonuses too, of course. Increased opportunities for organic revenue. A stronger, more modern banking system for younger demographics. Direct and convenient analytics to factor into your business decisions. The list of benefits goes on. However, application development is no simple task, particularly if you want a sleek and efficient final product. Luckily, we have a team that’s proven to be up to the task.
As the fintech platform grows in the app market, several key developers are providing unique platforms with unique features. The primary means of differentiation is, of course, the quality of their portfolio and the efficiency of their development process. Being a trusted financial app development company, Let's Nurture offers best-in-class mobile money transfer and financial management systems with cutting-edge payment integration technology. We are a highly experienced team of app developers, UI/UX designers, 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 CAD 30000 to CAD 40000, which we’ll break down below.
|1. Money Transfer:
|Manage all 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:
|travelling or making purchases. This feature will also provide a status notification on currency changes, helping you resolve currency exchange problems.
|3. Payment status alerts:
|You will be notified of any payment or transaction made. The app will also keep track of the specific progress of any payment or transaction and alert the user accordingly.
|4. Track your payment:
|Track your payment, get notified of your payment status, and keep a history of every transaction made. Be it bill payment or money transfer; you will have it all in one place.
|5. Split bills:
|Split your bills with your roommates, friends, or co-workers. This feature splits the entire bill among all the participants in the group, keeping track of all the payments made.
|6. Remainder for bill payments:
|Receive a reminder for bill payments via the app. A particularly useful feature for time-sensitive billing, allowing you to think less about what you have to pay that month.
|7. Low funds warning and interest in saving:
|Get a notification regarding accounts with low funds in-app, and default to refill the amount set. Make the most out of your planning and saving. Earning program for added customer engagement is featured in-app.
|8. Budget Analytics:
|Analyze your budget growth for each month, how much you saved and the return on your investments. A graph will show your budget and savings, and from here you can keep track of your yearly, monthly, and weekly spending, as well as check your financial forecast.
|9. Stock Information and crypto stats:
|Buy, sell, and hold cryptocurrencies with a single tap. Get instant information about stocks, bitcoins, and more.
|10. Trending perks:
|Explore local hotspots, places of interest, and relevant investment opportunities. Connect with your financial world seamlessly.
|Add On Features
|Monthly expenditure planning
|Integration of other fintech apps
|Advanced analytics to track revenue
Transactions made in fintech apps can be fantastic sources of data that can inform business growth and opportunities. With the assistance of AI calculations, you can plan out exactly how to use this information to give your customers a tailored and personal financial experience.
The AI implementation in the fintech software industry is drastically changing day by day. Utilizing data and AI at a business level to drive the overall experience of the customer is very different from using to optimize backend processes and warrants considerable upfront planning.
Let’s Nurture is comprised of many talented app developers who are experts in their field. A basic team composed of these developers would look something like this:
IBecause we know what makes a good app. We have innovative ideas that will not only ensure your app stands out, but ensure it continues to thrive and evolve for years to come on both Android and iOS systems. Our UI/UX experts will take your ideas and vision and make it a tangible reality that the customer will love. Here are a few more reasons why Let’s Nurture is the right company for your development needs:
Market competitive cost of development.
Experience in building mobile wallet platforms.
Seasoned team with multi-platform expertise in all aspects of system development.
Extensive experience in varied business verticals such as field sales, e-commerce, and finance.
Experienced AI/ML personnel.
Strategic usability and unit testing at each level.