A recent report by Research and Markets revealed that In 2019, the global FinTech market was valued at $5504.13 billion. The market is expected to grow to $19605.50 billion with a CAGR (Compound Annual Growth Rate) of 23.58%.
For the past few years, technology adoption across the financial landscape have been gaining increasing popularity. Not only the FinTech startups, but the existing banking and financial institutions are also investing a lot in financial technologies. There is cutthroat competition in the market to offer the most loved innovative financial solutions, and therefore, it is essential for FinTech service providers to partner with the best fintech software development companies.
Although some FinTech companies advocate conducting FinTech app development in-house, the best approach in most scenarios is to opt for outsourcing FinTech app development. This is because developing a FinTech app requires the developers to be experts in the domain, as the apps are required to be compliant to the strict industry standards. Compliances in the FinTech industry are strict due to an increase in cybercrime-related to financial services.
A recent Accenture report revealed in 2018 that financial services bore the most damage due to cyberattacks. The report also revealed that as the banking and finance industry goes more digital, there will be the substantial threat of cyberattacks. To overcome the security challenges in the banking and financial sector, the fintech software companies will have to incorporate advanced security measures while developing the FinTech software solutions.
I know you are here to know the top FinTech software developers. So, without further ado, let’s get straight to them:
1. Nimble AppGenie
Â
The company has rated 5 out of 5 by its customers on Clutch. In addition to FinTech, the company has also fueled tech transformation in several other industries, including Education, Healthcare, and Transportation & Logistics. The Digital Bank of Africa (Dafri), Medu4, CUT Wallet, Pearl Cab, Curvacious, and DRT are among the top clients of Nimble AppGenie. Their portfolio indicates that apart from helping FinTech startups, they’ve also helped established traditional banks and financial institutions achieve digital transformation.
2. Praxent
Over the last 20 years, the company claims to have deployed 300 software solutions. The team size Praxent consists of 70+ software engineers.Â
3. Itexus
With an 86% client retention rate, the company claims to have completed 220+ projects from 180+ clients. The company offers various FinTech development services, including Insurtech, Banking and Credit Scoring, Personal Finance, RegTech, FinTech Chatbots, and Payment apps.
4. Merixstudio
The company has an array of institutional clients, including Volkswagen, Toshiba, GS1, HSBC, Toshiba. Merixstudio has also worked with scaled startups like Sendinblue and Burrow, and Moneyfarm.
5. Code & Pepper
6. GoodCore Software
7. Saritasa
The company has a team of 50+ software engineers who thoroughly understand their client requirements and provide tailored solutions according to their needs. However, the company doesn’t focus majorly on FinTech app development.
8. BairesDev
Moreover, the company is more focused on other industries like healthcare and core IT support. Still, their portfolio shows dozens of FinTech software development projects which seems promising enough to list them at the eighth place in our article. Also, to be noted that BairesDev primarily focuses on established enterprises. Rolls-Royce, Pinterest, Google, Urban Outfitters, EY, Motorola, SiriusXM, ViacomCBS, Netgear, Chime, and Groupon are among the key clients of BairesDev.
9. DOOR3
10. The Software House
eSky.com, Smartum, Takamol, Synerise, WieBetaaltWat, Worldwide101.com are among the renowned clients the company has worked with. The company is in business since 2012 and has been recognized by Financial Times 1000. Their team of 160+ developers has successfully delivered more than 200 projects.

Conclusion
The list of top 10 FinTech software development companies was based on the Clutch ratings. Some of these FinTech software developers are suitable for small-mid scale FinTech startups, while others are best for well-funded startups.
If you’re looking for a suitable Fintech software development company for your FinTech startup, feel free to reach out to any of the listed companies. You can pick among them based on your budget. However, there are several other criteria you need to consider before you pick a Software Sevelopment Company. I’ve recently written an article on the same topic, which you can read here – How to Find the Right Mobile App Development Company?


Jermaine Trotman is the co-founder of Nimble AppGenie, a company renowned for its bespoke mobile app development and web development in e-wallet app development and fintech development.
2 Comments