Fintech App Ideas

12 Fintech App Ideas for Startups That will Boom in 2023

The internet revolution has changed the way we transact and avail of different services. Everything from banking to finance to insurance has been updated as per the changing customer priority and the demand for innovative and revolutionizing fintech app ideas has evolved in the last few years.

A feature-rich Fintech application is one of the most demanding mobile app ideas for startups to consider in 2023. A Fintech app connects entrepreneurs/startups with investors in varying industries like software, healthcare, logistics, infrastructure development, etc.

According to Pitchbook, Fintech gained $1.1 billion from venture capital investors in 2009. In 2020, the investment total reached $44.1 billion. The number is expected to go higher in 2023 and beyond.

Fintech App Development - Consultation

Fintech apps are a kind of payment application that enables users to receive and transfer money with minimum effort. If you are planning to make an exceptional Fintech app for your business startups, then this is a suitable time to go for it. 

In this article, we are going to share the best Fintech app ideas that will help to grow your business on a financial platform. Read till the end to get the highest returns on your investment.

Read Also: How Much Does it Cost to Build a Fintech App?

Top Fintech App Ideas to Consider in 2023

1. Peer-to-Peer Money Transfer App

Fintech App Ideas- Peer-to-Peer Money transfer

If we talk about the present situation in the market, then investing in peer-to-peer money transfer apps is going to be the most excellent investment so far.

This is why people are using p2p payment apps to put their money in. Today a lot of economies around the globe are now becoming cashless and promoting the use of payment apps for online transactions.

With the help of these applications, you can easily transfer or receive money using your smartphone through any bank account that is linked to the app.

Here are some features the money transfer application offers:

  • Transactions using OTP/unique ID
  • Transaction history
  • Send and receive money
  • Pay/split Bills and invoices
  • Balance check and account details
  • Real-time notifications and alerts
  • Chat facility

2. Investment and Trading App

Fintech App Ideas- Investment and Trading App

A trustworthy finance app can handle everyday financial tasks, shuffle money into investment accounts, and track spending.

That’s why a lot of people follow their accounts in real-time which helps them learn about the markets and more.

This is the revolution in the field of digital payments because it allows users the advantage of monitoring their bank accounts and automatically invests spare cash in various resources.

So, it is important to reach out to an Insurance app development company for investment and trading, to hold, sell and buy stocks, forex, cryptocurrencies, funds shares, and more. 

Fintech App Ideas-

Following are some key features your Fintech app should be equipped in-

  • A complete update of the stock market
  • Purchase and sale of stocks, funds, forex, cryptocurrencies
  • Real-time alerts and notifications

3. Digital Banking Apps

Fintech App Ideas- Digital Banking Apps

Due to a huge number of customers, users are going to their mobile devices to do their banking because banks no longer have to support the responsibility for physical space.

So almost all the banks are providing their mobile applications to allow customers to manage all their banking operations just with a few clicks. 

Current time users are getting several advantages of digital mobile banking app like making transactions, opening accounts and deposits, investing, adding beneficiaries, and many more with just clicks on their devices.

  • Advanced account insights
  • EMI management
  • Help Center
  • Multiple account management
  • Secured data

4. Insurance Apps

Fintech App Ideas- Insurance Apps

Insurance industries are getting challenges in incorporating digitalization and investing in app development for their businesses. This has come as a shock to everyone.

Since the rise of digitalization, every sector is leaping to join the latest technologies in their businesses.

Best Insurance Mobile App Ideas help you to streamline your business operations.

So this is a strong recommendation to insurance companies to build an exceptional app from reputable insurance app development companies. InsureTech apps are more helpful for insurers to get real-time data and also help to manage risks effectively.

Fintech apps also gather the data and analyze them to provide customers with personalized offers, pricing, and recommendations. 

Read Also: A Guide to the Best Insurance App Ideas for 2023 & Beyond

5. Personal Finance Apps or Money Saving Apps

 Fintech App Ideas- Finance Apps

As you know, technology has transformed critical things into something simple for us. Booking a cab, ordering a meal, or getting a weather update is now one click away with a smart app.

In the same way, there are various kinds of apps such as bank account management, financial planning, or personal financial management apps that help you to manage your money.

The main purpose to create a personal finance app is to manage private money, track spending, and plan out a budget. These apps are also known as Money Saving apps because it enables the app users to borrow, lend, and even invest money.

Have a look at the Benefits of Personal Money Management Apps-

  • Efficiently Organize Finances & Monthly Budget
  • Securely Manage Finance
  • Helps Make Sound Financial Decisions

6. Crypto Exchange Platform

Fintech App Ideas- Crypto Exchange

This type of fintech app idea facilitates the trading of cryptocurrencies for other assets, including digital and authorization currencies. In effect, cryptocurrency exchanges work as a mediator between a customer and a retailer and make money through commissions and transaction fees.

If you are looking for cryptocurrency exchange development services then you have to choose the right company to build a successful platform. The Crypto exchange platform provides a great opportunity to step into the decentralized market for users.

If users want to exchange their current cryptocurrency for another, they can use this platform. It means choosing various digital currencies and after that, you can exchange these currencies against foreign money. 

7. BlockChain Wallet Apps

Today Blockchain is one of the superior and most adopted technologies in the financial sector. Today,  we can see the tremendous growth of Blockchain technology and its applications. So many startups and entrepreneurs started to invest in Blockchain technology in more ways. 

In recent surveys, the community says that financial companies can save $12 billion in a year by adopting blockchain. 

A Blockchain wallet app allows you to buy and sell cryptocurrencies in a hassle-free manner. Most businesses, therefore, started to invest in blockchain app development by integrating advanced features. 

8. Digital Wallets

digital wallet

Gone are the days of carrying physical wallets or even credit/debit cards. Digital Wallets are an all-new trend of modern times. These FinTech apps offer the ability to make payments in a few taps or using biometrics.

It has been forecasted that the digital wallet market will be worth $7,581.91 Bn by the year 2024. 

Digital Wallet is one of the most on demand applications of modern times. Using eWallets, people can pay for their bills at physical/online merchant stores from their smartphones that too at the comfort of their homes.

An e-Wallet or digital wallet works on a software-based system that securely allows individuals or businesses to complete transactions electronically through their smartphones. 

PayPal is the best example of a brilliant eWallet & facilitates online money transfers instantly.

Thus, an e-Wallet app development is another brilliant idea for finance-based startup ideas in 2023

9. Blockchain Applications

blockchain applications

With the ever growing impact of Blockchain in the fintech industry, considering this technology for starting a FinTech business can be an undeniably profitable idea.

Thus, leveraging blockchain technology to develop apps that facilitate cryptocurrency transactions is a hot opportunity in 2023.

10. Crowdfunding Solution

crowdfunding solution

Crowdfunding is emerging as one of the most successful fintech startup ideas to go with. Crowdfunding refers to the accumulation of small amounts of capital from multiple individuals to start a new business venture. 

These apps are helping businesses with raising funds for their new or existing enterprises. If you want to build for the iOS platform, hire a reputable iOS application development company for quality solutions.

Currently, the crowdfunding concept is popular across the US and UK regions but can soon pick up pace in other countries too. Crowdfunding is predicted to have a market of USD 28.8 Bn by the year 2025.


  • Profile setup
  • Verification of user
  • Secured transaction
  • List of contributors and venture capitalists
  • Safety check
  • Chat & Call

Thus, it is not wrong to accept that crowdfunding app development holds a lot of potentials and is a big trend to see in the coming years.

Loan Lending App:

loan lending app

As you know, if someone wants to start a small business, maybe he needs to borrow money from the loan providers. So, this is one more great idea for creating a loan lending app for fintech leaders to grow their businesses.

With the help of a lending application, the lender can easily connect to the borrower. These platforms also allow for discussion or negotiation of loan rates and make funding.


  • Profile of lenders
  • Credit score checking
  • Quick transfer directly into the account
  • No-charge for transaction

AI-Powered Chatbots:

“According to Insider Intelligence, it predicted that chatbots globally will reach $142 billion- that is up from just $2.8 billion in 2019.”

If you want to leverage the power of artificial intelligence for your fintech startups,  you must build a chatbot that understands the purpose of customers.  

The emerging growth of chatbots is rapidly rising as businesses deploy chatbots across the most prominent industries like banking and fintech services.

Book your free consultation with us


Looking for a reliable Fintech app development company to hire for your next Fintech project?

As a FinTech software development company, QSS Technosoft aims at leveraging its expertise in building feature-rich FinTech app solutions such as payment gateways, digital wallets, banking portals, insurance apps, etc.

With a decade of experience in the field, we are known as one of the top FinTech consulting firms backed up by a team of 250+ engineers who have served global clients achieving a 100% success rate. We are rated 4.9/5 on the clutch.

Let’s connect for a quick free consultation about your project!

About Author:
Author Rashmi Kanti is a passionate content writer & a blogger having written numerous blogs for IT domain. Being into the Blogging world for the past 5 years, she is presently contributing technology loaded articles & blogs regularly to QSS Technosoft. Rashmi has a proficient knowledge of the latest market trends in the mobile & web applications and expresses herself a big technology geek.

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Top 7 Fintech App Ideas for Startups in 2021-22