In today’s fast-paced digital world, fintech apps are becoming increasingly popular as people look for more convenient ways to manage their finances. These apps offer a range of features that make it easier to budget, save, invest, and even borrow money. In this article, we’ll take a look at 15 of the best fintech apps that you should check out in 2023.
Fintech apps are revolutionizing the way we manage our money. These apps offer a range of features that can help you budget, save, invest, and even borrow money. With so many fintech apps available, it can be overwhelming to choose the right one.
In this article, we’ll take a look at 15 of the best fintech apps you should check out in 2023.
What are fintech apps?
Fintech apps are financial technology applications that are designed to make managing money more convenient. They can offer a range of features including budgeting tools, savings accounts, investment accounts, payment options, and borrowing options.
Fintech apps can be used on a smartphone or tablet and are available for both iOS and Android devices.
How to choose a fintech app?
When choosing a fintech app, it’s important to consider your financial goals and what features are most important to you. For example, if you’re looking to save money, you’ll want to choose an app that offers a high-interest savings account or automatic savings features.
If you’re interested in investing, you’ll want an app that offers a range of investment options and low fees. It’s also important to consider the security features of the app and whether its FDIC insured.
Here are the best fintech apps to explore in 2023
Looking for the best fintech apps to help you take control of your finances? Look no further! This list has the top fintech apps for budgeting, investing, and more.
Best budgeting apps
1. Mint
Source: Mint
Mint is one of the most popular budgeting apps available. It’s free to use and offers a range of features including budget tracking, bill reminders, and credit score monitoring. Mint also allows you to link all of your accounts in one place, so you can see your entire financial picture in one app.
Top Features of Mint:
Budget tracking: Mint allows users to track their spending and create budgets for different expenses, such as groceries, entertainment, and transportation.
Bill-tracking: Mint can track bills and send reminders to users when bills are due, helping them avoid late payments and fees.
Investment tracking: Mint can track investment accounts, providing users a comprehensive view of their finances.
Credit score monitoring: Mint provides users access to their credit score and credit report, allowing them to monitor their credit health and identify potential issues.
Goal setting: Mint allows users to set financial goals and track their progress towards them, such as saving for a down payment on a house or paying off credit card debt.
Personalized recommendations: Mint offers personalized recommendations based on users’ spending habits and financial goals, helping them make informed financial decisions.
Security: Mint uses bank-level security to protect users’ financial data, and users can set up two-factor authentication for added security.
2. Personal Capital
Source: Personal Capital, My Millennial Guide
Personal Capital is a budgeting app that offers both free and paid versions. The free version provides budget tracking and investment tracking, while the paid version offers access to a financial advisor. Personal Capital also offers retirement planning tools and net worth tracking.
Top Features of Personal Capital:
Account aggregation: Personal Capital allows users to link all their financial accounts, including bank accounts, credit cards, and investment accounts, in one place.
Budget tracking: Personal Capital offers a budgeting tool that allows users to track their spending and create custom budgets for different categories of expenses.
Investment tracking: Personal Capital provides users with a comprehensive view of their investments, including asset allocation, performance tracking, and fee analysis.
Retirement planning: Personal Capital offers a retirement planning tool that allows users to estimate their retirement income and plan for their long-term financial goals.
Net worth tracking: Personal Capital tracks users’ net worth over time, allowing them to see how their assets and debts change.
Tax optimization: Personal Capital offers tax optimization strategies, such as tax-loss harvesting, to help users minimize their tax liability.
Financial advisor services: Personal Capital offers access to financial advisors who can provide personalized investment advice and financial planning services.
3. YNAB
Source: YNAB
YNAB (You Need a Budget) is a budgeting app that focuses on giving every dollar a job. It offers a range of features including budget tracking, goal setting, and debt pay-down tracking. YNAB also offers a range of educational resources to help you improve your financial literacy.
Top Features of YNAB:
Budget tracking: YNAB allows users to track their spending and create budgets for different categories of expenses, such as groceries, entertainment, and transportation.
Goal setting: YNAB allows users to set financial goals and track their progress towards those goals, such as saving for a down payment on a house or paying off credit card debt.
Account syncing: YNAB syncs with users’ bank accounts and credit cards to automatically import transactions and keep budgets up-to-date.
Debt paydown: YNAB offers tools to help users pay down debt, including a debt snowball calculator and resources on debt repayment strategies.
Reporting: YNAB provides users with detailed reports on their spending and budget performance, allowing them to identify areas for improvement and adjust their budgets accordingly.
Mobile app: YNAB offers a mobile app that allows users to track their spending and manage their budgets on-the-go.
Educational resources: YNAB offers a range of educational resources, including blog posts and videos, to help users learn about budgeting, personal finance, and investing.
Best saving apps
4. Acorns
Source: Acorns
Acorns is a saving app that automatically invests your spare change. It connects to your debit or credit card and rounds up your transactions to the nearest dollar. The rounded-up amount is then invested in a portfolio of your choice. Acorns also offers a range of investment options and educational resources.
Top Features of Acorns:
Round-up savings: Acorns allows users to save their spare change by rounding up their purchases to the nearest dollar and investing the difference.
Recurring investments: Acorns allows users to set up recurring investments on a daily, weekly, or monthly basis, making it easy to build a regular savings habit.
Investment portfolios: Acorns offers a range of investment portfolios designed to match users’ risk tolerance and financial goals.
Found Money: Acorns offers a feature called Found Money, which rewards users with cash back when they shop with partner brands.
Educational resources: Acorns offers a range of educational resources, including articles and videos, to help users learn about investing and personal finance.
Acorns Later: Acorns offers a retirement account called Acorns Later, which allows users to save for retirement with a traditional or Roth IRA.
Acorns Spend: Acorns offers a checking account called Acorns Spend, which provides users a debit card and cash-back rewards on eligible purchases.
5. Chime
Source: Chime
Chime is a saving app that offers high-yield savings account with no minimum balance or monthly fees. Chime also offers an automatic savings feature that rounds up your transactions and transfers the rounded-up amount to your savings account.
Top Features of Chime:
No fees: Chime offers no fees on overdrafts, monthly maintenance, minimum balance requirements, or foreign transactions.
Automatic savings: Chime allows users to set up automatic savings transfers on a weekly or monthly basis, making it easy to save money without thinking about it.
Early direct deposit: Chime allows users to receive their paychecks up to two days early, giving them faster access to their money.
Debit card rewards: Chime offers cash-back rewards on eligible purchases made with its debit card.
Mobile app: Chime offers a mobile app that allows users to manage their accounts, check their balances, and track their spending on the go.
Budgeting tools: Chime offers tools that allow users to track their spending and set savings goals.
ATM network: Chime offers access to over 38,000 fee-free ATMs nationwide.
6. Qapital
Source: Qapital
Qapital is a savings app that allows you to set savings goals and automatically save money towards those goals. It offers a range of savings rules, such as rounding up purchases or saving a percentage of your income. Qapital also offers a range of investment options and cashback rewards.
Top Features of Qapital:
Goal-setting: Users can set multiple savings goals, such as saving for a vacation or building an emergency fund, and assign a target amount and deadline for each goal.
Rules: Qapital allows users to create rules that automatically save money based on their spending behaviour. For example, users can set a rule to save a certain amount every time they purchase at a specific store or round up their purchases to the nearest dollar.
Automated savings: Qapital can automatically transfer money from a user’s linked bank account to their Qapital account based on their savings rules or goals.
Customizable savings rules: Users can create custom savings rules based on their specific financial goals and behaviours.
Spending analysis: Qapital provides users with insights into their spending habits and suggests ways to save more money.
Social savings: Qapital allows users to invite friends and family to save money for shared goals, such as a group vacation or wedding gift.
Investment options: Qapital offers investment options, including a portfolio of exchange-traded funds (ETFs) and a socially responsible investment portfolio, for users who want to invest their savings.
Best investing apps
7. Robinhood
Source: Robinhood
Robinhood is an investing app that offers commission-free trading. It allows you to buy and sell stocks, ETFs, options, and cryptocurrencies. Robinhood also offers a range of educational resources to help you learn more about investing.
Top Features of Robinhood:
Commission-free trading: Robinhood offers commission-free trading for stocks, ETFs, options, and cryptocurrencies, so users don’t have to pay any trading fees or commissions.
Easy-to-use interface: The Robinhood app has a user-friendly interface that makes it easy for users to buy and sell stocks and other securities.
Fractional shares: Robinhood allows users to buy and sell fractional shares of stocks and ETFs, which means they can invest in high-priced stocks with smaller amounts of money.
Cryptocurrency trading: Robinhood allows users to buy and sell cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and other popular cryptocurrencies.
Robinhood Gold: Robinhood Gold is a premium subscription service that offers extended-hours trading, larger instant deposits, and other features for a monthly fee.
News and research: The Robinhood app provides users with real-time news and market data and research and analysis from third-party providers.
Security: Robinhood takes security seriously and uses industry-standard encryption to protect users’ personal and financial information.
8. Betterment
Source: Betterment
Betterment is an investing app that offers a range of investment portfolios based on your goals and risk tolerance. It offers a range of features including tax-loss harvesting, automatic rebalancing, and access to financial advisors.
Top Features of Betterment:
Robo-advising: Betterment uses robo-advising technology to create and manage user investment portfolios. The app uses algorithms to determine the optimal asset allocation for each user based on their investment goals, risk tolerance, and time horizon.
Goal-setting: Betterment allows users to set multiple financial goals, such as retirement savings or purchasing a home, and assigns a target amount and deadline for each goal.
Tax-efficient financing: Betterment uses tax-loss harvesting and other tax-efficient investing strategies to help users minimize their tax liabilities and maximize their after-tax returns.
Fractional Shares: Betterment allows users to invest in fractional shares, which means they can invest in a diversified portfolio even with small amounts of money.
Socially responsible investing: Betterment offers socially responsible investment portfolios for users who want to invest in companies that align with their social and environmental values.
Low fees: Betterment charges a low annual fee based on a percentage of assets under management. The fee includes all trading and rebalancing costs and no additional transaction fees or commissions.
Automatic rebalancing: Betterment automatically rebalances users’ portfolios to maintain their target asset allocation and minimize risk.
9. Stash
Source: Stash, Owl Ventures
Stash is an investing app that offers a range of investment options, including stocks, ETFs, and fractional shares. It offers a range of educational resources to help you learn more about investing and offers personalized investment recommendations.
Top Features of Stash:
Fractional shares: Stash allows users to buy fractional shares of stocks and ETFs, which means they can invest in high-priced stocks with smaller amounts of money.
Investment options: Stash allows users to choose from various investment options, including individual stocks, ETFs, and mutual funds.
Goal-setting: Stash allows users to set multiple financial goals, such as saving for a vacation or building an emergency fund, and assigns a target amount and deadline for each goal.
Auto-Stash: Stash users can set up automatic investments to help them save and invest regularly. Users can choose the amount they want to invest and the frequency of their investments.
Personalized portfolios: Stash helps users create personalized portfolios based on their investment goals, risk tolerance, and interests.
Low fees: Stash charges a low monthly fee based on the value of assets under management. There are no additional transaction fees or commissions.
Budgeting tools: Stash also provides budgeting tools to help users track their expenses and save money.
Educational content: Stash offers educational content and resources to help users learn more about investing and financial planning.
Best payment apps
10. PayPal
Source: PayPal
PayPal is a payment app that allows you to send and receive money from friends and family. It can also be used to make online purchases and pay bills. PayPal offers a range of security features, including buyer and seller protection.
Top Features of PayPal:
Send and receive money: PayPal allows users to send and receive money from other PayPal users and non-PayPal users through a linked bank account or credit card.
Pay with QR codes: PayPal offers a “Pay in-store with QR codes” feature that allows users to pay for purchases at participating merchants by scanning a QR code with their mobile device.
Instant transfers: PayPal offers instant transfers to eligible bank accounts, which means users can transfer money from their PayPal account to their bank account within minutes.
Bill payments: PayPal allows users to pay bills online, including rent, utilities, and credit card bills.
Buyer and seller protection: PayPal offers buyer and seller protection for eligible transactions, which helps protect users from fraud and other issues.
International payments: PayPal allows users to send and receive payments in over 200 countries and supports multiple currencies.
11. Venmo
Source: Venmo
Venmo is a payment app that allows you to send and receive money from friends and family. It also allows you to split bills and expenses with other users. Venmo offers a social feed that allows you to see what your friends are paying for.
Top Features of Venmo:
Send and receive money: Venmo allows users to send and receive money from other Venmo users and non-Venmo users through a linked bank account or credit card.
Split payments: Venmo offers a ” Split ” feature that allows users to split payments with friends and family for shared expenses, such as dinner or rent.
Pay with QR codes: Venmo offers a “Scan Code” feature that allows users to pay for purchases at participating merchants by scanning a QR code with their mobile devices.
Social feed: Venmo has a social feed that allows users to see their friends’ transactions and add comments or emojis.
Venmo card: Venmo offers a debit card that allows users to spend their Venmo balance in-store and online.
Buyer and seller protection: Venmo offers buyer and seller protection for eligible transactions, which helps protect users from fraud and other issues.
User-Friendly Interface: Venmo is designed with a simple and user-friendly interface that makes it easy for users to send and receive money. It also allows users to view their transaction history and account balance.
Instant Transfers: Venmo offers an instant transfer feature allowing users to transfer their funds to their bank account immediately. This feature requires a fee.
Security: Venmo is a secure app with encryption to protect users’ financial data. It also allows users to add a PIN code or Touch ID for security.
Business Transactions: Venmo also allows businesses to accept payments from customers. Businesses can set up a Venmo profile, and customers can easily pay for their goods or services.
12. Cash App
Source: Cash App
Cash App is a payment app that allows you to send and receive money from friends and family. It also offers a debit card that can be used to make purchases and withdraw cash. Cash App also offers a range of investing options.
Top Features of Cash App:
Cash Card: Cash App offers a debit card called the Cash Card, allowing users to spend their Cash App balance in-store and online.
Send and receive money: Cash App allows users to send and receive money from other Cash App users and non-Cash App users through a linked bank account or debit card.
Bitcoin buying and selling: Cash App allows users to buy and sell Bitcoin through the app.
Direct deposit: Cash App allows users to set up direct deposit for their paycheck or government benefits.
Boosts: The cash App offers a ” Boosts ” feature that allows users to save money on purchases made with their Cash Card at certain merchants.
Best borrowing apps
13. LendUp
Source: LendUp, Fitntech Ranking
LendUp is a borrowing app that offers short-term loans with no hidden fees. It also offers a credit-building feature that reports your payments to the major credit bureaus. LendUp also offers a range of educational resources to help you improve your financial literacy.
Top Features of LendUp:
Short-term loans: LendUp offers short-term loans, also known as payday loans, to users who need quick access to cash.
Installment loans: LendUp also offers installment loans, which allow users to borrow a larger amount of money and pay it back over time in fixed installments.
Credit-building products: LendUp offers credit-building products, including secured credit cards and personal loans, to help users build credit history and improve their credit scores.
No hidden fees: LendUp is transparent about its fees, with no hidden fees or prepayment penalties.
Instant decision: LendUp provides instant decisions on loan applications, with funds typically available in the user’s bank account within one business day.
Financial education: LendUp provides financial education resources to help users learn about credit, budgeting, and personal finance.
14. Earnin
Source: Earnin
Earnin is a borrowing app that allows you to access your paycheck early. It offers a range of features, including automatic earnings tracking and cashback rewards. Earnin also offers a range of financial wellness resources.
Top Features of Earnin:
Early access to paycheck: Earnin allows users to access their paycheck early, up to $100 per day, with no fees or interest.
Automatic earnings tracking: Earnin automatically tracks users’ earnings and allows them to access their earnings as soon as they complete a shift.
Cashback rewards: Earnin offers cashback rewards for eligible purchases made with linked debit cards at participating merchants.
Balance Shield: Earnin offers a “Balance Shield” feature that helps users avoid overdraft fees by alerting them when their bank balance is low and providing cash advances to cover upcoming transactions.
Tip feature: Earnin allows users to pay a voluntary tip to support the app’s services.
Community support: Earnin has a community support feature that allows users to connect with other Earnin users for financial advice and support.
15. Credit Karma
Source: Credit Karma
Credit Karma is a borrowing app that allows you to check your credit score for free. It also offers a range of educational resources to help you improve your credit score and manage your debt. Credit Karma also offers a range of financial products, including loans and credit cards.
Top Features of Credit Karma:
Credit monitoring: Credit Karma allows users to monitor their credit reports and receive alerts for changes or suspicious activity.
Credit scores: Credit Karma provides users with free credit scores from TransUnion and Equifax and insights into the factors that affect their scores.
Personalized recommendations: Credit Karma offers personalized recommendations for credit cards, loans, and other financial products based on users’ credit profiles.
Tax filing: Credit Karma offers free tax filing services for federal and state taxes, supporting various tax situations.
Budgeting tools: Credit Karma provides budgeting tools and calculators to help users manage their finances and track their spending.
Identity monitoring: Credit Karma offers identity monitoring services to help users protect themselves against identity theft and fraud.
Conclusion
Fintech apps are becoming increasingly popular as people look for more convenient ways to manage their finances. In this article, we’ve looked at 15 of the best fintech apps that you should check out in 2023. Whether you’re looking to budget, save, invest, or borrow money, there’s a fintech app that can help you achieve your financial goals.
BitCot is a leading fintech software development company in the USA, and we have 10+ years of experience creating a wide range of solutions, including all kinds of fintech apps.
Assuming you’ve followed finance app guidelines, you’re ready to launch your application. But more than an idea is needed to guarantee success in the hyper-competitive app world. You’ll need to constantly update your app with the latest technological opportunities and market trends to stay relevant.
Based in the USA, BitCot is a top-rated mobile application development company. We specialize in iOS app development services, Android apps, and web solutions. We are particularly adept at creating finance app ideas.
You can trust us to cross-verify your FinTech app ideas and ensure their success. If you need help building or expanding your solution, we offer free consultations and gladly assist you.
FAQs
1. Are fintech apps safe to use?
Yes, fintech apps are safe to use as long as you choose a reputable app that offers strong security features.
2. Do I need to pay to use fintech apps?
Many fintech apps offer free versions, but some may charge fees for premium features.
3. Can fintech apps help me improve my credit score?
Yes, many fintech apps offer credit monitoring and educational resources to help you improve your credit score.
4. Are there any fees associated with using investing apps?
Some investing apps may charge fees for premium features, but many offer commission-free trading and no account minimums.
5. Can I trust borrowing apps to lend me money?
It’s important to choose a reputable borrowing app and carefully read the terms and conditions before borrowing money. Some borrowing apps may charge high-interest rates or fees, so it’s important to do your research before borrowing.
