Check out the Top 5 Fintech Apps for Better Wealth Management

Did you know that 113 financial businesses made up the 519 new unicorns that appeared in 2021? That is over a quarter of all billion-dollar companies that were founded in 2021, demonstrating how bright the future of fintech is.

Read on whether you’re an entrepreneur wanting to work with a fintech app development business to bring your fintech app concept to life or a professional searching for the best fintech applications for improved wealth management and a smooth digital banking experience.

Here is a list of the top five fintech applications currently on the market, along with a discussion of their primary functions and revenue methods:

1. Banking Online with Money Lion

Money Lion, which offers peer-to-peer loans and other financial services to almost 4 million users, comes in first place on our list of the best fintech applications.

For a monthly membership cost of $19.99, customers may access a variety of financial services as well as research-backed, actionable insights through this subscription-based fintech program.

Money Lion has quickly established itself as the go-to resource for investing, borrowing, and lending on the move after only five years since it first entered the fintech industry. One of the top financial applications ever created, Money Lion is currently valued at $2.4 billion.

2. Personal Finance Chime

Chime is a digital banking fintech company with its headquarters in San Francisco and ranks second on our list of the best fintech applications.

A hassle-free online banking experience is what this free digital banking service aims to provide. It is the clear leader in online banking with more than 12 million active members, and approximately 8 million of them use Chime as their main digital bank.

With no monthly fees, ATM fees across 60,000 ATMs, transaction fees, or other hidden expenses, Chime, one of the top fintech programs available today, has the competitive advantage of offering entirely free online banking services.

3. Coinbase: Cryptocurrency Trading

On our list of the top five fintech applications, Coinbase comes in third place and belongs to the crypto trading category. With more than 90 million users worldwide, it is the most popular cryptocurrency exchange site. The program is popular among aficionados due to its unbreakable security measures, user-friendly UI, and abundance of useful information and lessons concerning cryptocurrencies.

As of right now, Coinbase offers trading in over 150 cryptocurrencies with transaction costs as low as 0.5%. It enables users to invest in their preferred cryptocurrencies regardless of their purchasing power by allowing them to acquire fractions of cryptocurrencies for as little as $25.

Additionally, Coinbase offers protection against any cyber-attacks and cryptocurrency theft on its network. With cryptocurrency fraud on the rise, this strategy gets rid of all the difficulties in keeping and trading.

4. Mint: Personal Finance & Budgeting

The finest fintech app for money management and budgeting is Mint. It assists users in creating a projected financial picture of their expenditures by allowing them to plan their weekly or monthly budget and automatically track costs.

Cryptocurrency wallets and digital bank accounts can be integrated with Mint. Every transaction that is performed is automatically updated, allowing users to maintain tabs on their expenditures for a brighter financial future. A net worth calculator, automatic savings, bill payment tracker, credit score checker, and other outstanding features are among its many excellent built-in features.

Currently, Mint has over 25 million active users worldwide and offers both a free and premium version of the software.

 Read Also: 6 RED FLAGS YOUR LAPTOP IS FAKE

5. Robinhood – Trading & Investment

Users of the online trading and investment platform Robinhood may make free investments in publicly listed equities, cryptocurrencies, and ETFs. It is a one-stop shop for stock share investment, especially for novices.

The commission-free strategy of Robinhood has greatly aided it in being very well-liked among stock enthusiasts, investors, and venture capitalists. As of right now, Robinhood has raised more than $10 billion and is estimated to be worth $32 billion.

You may use Robinhood to buy stocks of publicly listed firms or swap a small portion of your Bitcoin for Ethereum for free.