Find Fintech Developers

The Fintech industry is booming.

Even if you don’t have a big app like PayPal, your business should have at least the most basic features to control your business operations and enhance user experience. And if you are planning to beat the world with the next Revolut-like app, then hiring fintech developers makes even more sense.  

Devler.io is your gateway to a pool of skilled developers from all over Europe. We’ll help you find the best fintech experts that build you IT solutions taking your business to the next level. Whether you are a green startup or highl-ticket complex business, we’ll help you find the perfect talent!

Dive in into this page and find out:

• Who are fintech developers?
• Fintech market analysis
• TOP fintech applications to check out in 2024
• What's the cost of hiring fintech developers? 
• What are the benefits of the Devler.io platform?

Who are fintech developers? 

Fintech developers focus on creating IT solutions specifically for the financial industry. With the help of expert fintech coding professionals, your business could streamline operations and gain a competitive edge in the highly competitive market.

According to the World Economic Forum, fintech programmers are among the top ten fastest-growing professions.

Fintech developers focus on creating IT solutions specifically for the financial industry. With the help of expert fintech coding professionals, your business could streamline operations and gain a competitive edge in the highly competitive market.

According to the World Economic Forum, fintech programmers are among the top ten fastest-growing professions.

So, what could these software engineers specifically do?

Design and develop software applications

For now, good fintech applications are not only a matter of functionality (although, it is also highly important!). With user experience and user interface already playing a big role on the market, the next frontier lies in personalization and customization. Fintech apps that can adapt to individual user needs and preferences will gain a significant competitive advantage.
 

Integrate financial systems

Fintech developers often help to connect existing financial infrastructure with new technologies like blockchain, cloud computing, or big data. To do this, they work with legacy systems and APIs.
 

Develop fraud prevention systems

Financial industry possesses a lot of sensitive information. The job of fintech developers is to protect both financial institutions and consumers from financial losses. To do this, they utilize fraud detection algorithms. They could strengthen identity verification or implement real-time monitoring and anomaly detection.
 

Leverage AI and machine learning

AI has become a buzzword. So many reports have already proven that now businesses have a clear choice: adapt and utilize AI to make their company flourish or risk stagnation with the outdated systems.
 

Enhance data analytics and reporting

Just like AI and machine learning, data analytics is at the forefront of the industry. With fintech development services, you gain a lot of useful information. For example, you can learn more about the spending patterns of your clients. Or you could significantly improve investment performance. 
 

Implement mobile-first strategy

Prioritizing a mobile-first experience is a must for those who want to stay ahead of the competition. By focusing on creating exceptional mobile experiences, businesses boost user engagement, loyalty, and ultimately, their bottom line. 

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Which skills are important to hire fintech developers?

To excel in programming for fintech, programmers need to be restless achievers and possess both hard and soft skills. Below, you can see which programming languages, databases, and frameworks are a must-thing-to-know.

Of course, not only hard skills are important for fintech developers. The programmers also need to be good team players, possess a problem-solving mindset, and be good at critical thinking.  

Now, let’s get inspired! We offer to see examples of the most visually appealing fintech applications that showcase the incredible potential of fintech development. 

Fintech market analysis

It’s fair to say that the fintech market has its best years now. If you think about fintech, and the only picture that comes to mind are traditional brick-and-mortar banks, you are definitely wrong. The industry is blossoming creating new opportunities, convenient ways of money interaction, and improved financial inclusion. Even the average user has 3-4 financial apps for regular usage. 

In 2024, the fintech market will exceed $300 billion. And in 2025, it is predicted that 217 million citizens of the US will be using digital banking. This is just the beginning! Embedded finance is one of the key trends shaping this year, with leading examples of Netflix and Spotify. By 2030, it is supposed to be a $320 billion market. 

Number of fintech users worldwide from 2017 to 2023, with forecast from 2024 to 2028, by segmant

In 2024, the fintech market will exceed $300 billion. And in 2025, it is predicted that 217 million citizens of the US will be using digital banking. This is just the beginning! Embedded finance is one of the key trends shaping this year, with leading examples of Netflix and Spotify. By 2030, it is supposed to be a $320 billion market.

AI is another key trend. AI-management apps like Eva Money or Wizely have become increasingly popular recently. Forbes says 59% of people choose AI-based services when making investment decisions. AI is another key trend. AI-management apps like Eva Money or Wizely have become increasingly popular recently. Forbes says 59% of people choose AI-based services when making investment decisions. 

According to the research made by Autonomous NEXT, AI will decrease operating costs in the financial industry by 22%. This will happen in 2030. Even simple automation of mundane tasks helps to save $70 billion. Another well-known company Accenture says banks can see a 2 to 5x increase in the number of customer interactions. 

With the financial sector being on rise, cybersecurity threats are also escalating. For example, the number of ransomware attacks has tripled in the last three years.

What other trends do we see in the fintech industry? 

Find Fintech devs

Now, let’s discover TOP 2024 fintech applications and see how they utilize innovative technologies to stay afloat.

TOP fintech applications to check out in 2024

See the list of TOP fintech applications in 2024. 

PayPal

We bet you’ve heard and maybe even used PayPal. It is one of the first fintech apps that embraced mobile payments. With PayPal you can do almost everything. Pay for utilities, credit card bills, or other recurring payments you may have. The app allows people to make money transactions in 200+ countries. As of 2023, PayPal was the highest-valued platform in the world.

Although the company has established its roots for a long, long time, it doesn’t stop there. PayPal is open to innovations and trends. One of the points proving this fact is that it ventured into the world of crypto. With the help of AI, PayPal managed to remove friction points like lagging response times. Now, the company is working on such features as smart receipts and passwordless checkout. 
 

Robinhood

Robinhood is an app that helps you to invest in crypto, stocks, and ETFs with zero commission. The business is now valued at $5.6 billion in 28 funding rounds. What distinguishes it from competitors is that it has real-time market data analysis and integration with 3500 banks including Bank of America. 

Revolut

Revolut is as famous as PayPal. It also allows customers to make transactions in Bitcoin, Bitcoin Cash, Bitcoin Trial, or Ethereum. With features like splitting bills with friends and family, overseas travel insurance, and instant spending notification after every card payment, Revolut has become a top choice for many.

Coinbase

This app focuses solely on trading cryptocurrency. It is the largest cryptocurrency exchange based in the USA, which distinguishes valid protection with time-delayed withdrawals and  real-time cryptocurrency investment. 

Cash App

Originally starting as a simple peer-to-peer payment platform, Cash App has expanded its offerings significantly. Users can now buy, sell, and hold Bitcoin directly within the app, making it a convenient option for cryptocurrency enthusiasts. The app also offers a Cash Card, a customizable debit card linked to your Cash App balance, which can be used for online and in-store purchases. 

Additionally, Cash App introduced the "Boost" feature, which provides instant discounts at various merchants, further enhancing its appeal. The app also allows users to invest in stocks and ETFs with as little as $1, making it accessible for novice investors.

N26

N26 is a digital bank that has made waves in the European market The app provides a comprehensive suite of financial services, including no-fee checking accounts, real-time transaction notifications, and budgeting tools that help users track their spending. 

N26 also offers international money transfers at competitive rates, making it a popular choice for frequent travelers. The app's sleek design and user-friendly interface have earned it a strong following, particularly among millennials and tech-savvy individuals

Stripe

Stripe is a fintech powerhouse that has revolutionized online payments for businesses. Known for its robust API, Stripe allows companies to easily integrate payment processing into their websites and mobile apps. The platform supports a wide range of payment methods, including credit cards, digital wallets, and ACH transfers, making it a versatile solution for businesses of all sizes. 

By understanding the strengths of each app, you can create the next big idea.

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Hire fintech developers remotely. The cost of the issue?

Now, one important question - what’s the price of hiring fintech developers? Let’s talk money. 

According to Glassdoor, a monthly price to hire a freelance developer is somewhere in between $8-11,000 per month. The price is big, but a lot depends on the region and the level of experience. 

For instance, developers in regions like Eastern Europe or Southeast Asia often offer competitive rates without compromising on quality. The salary here starts from $3,000 (for juniors this could be even less). Poland here stands out due to a good balance between cost-effectiveness and skill level.

At the same time, mid-level programmers in Germany earn $5-6,000 per month. And in the US, the price is as high as $8,000! Staggering difference. 

Hiring in-house means these salaries are just a tip of the iceberg. Wishing to have someone right in your office means you should also add the following expenses:

• Recruitment and onboarding
• Tools like Slack or Zoon and infrastructure like cloud-based development environments
• Perks like health insurance, paid time off
• Overtime and bonuses
• Turnover costs
• Management and administrative costs
• Office space
• Equipment

Yes, costs can quickly spiral out of control, and if you do not have a well-thought out budget, you will be in hot water. Actually, in-house developers mean you should add 30% - 50% to the initial salary. This means that if you're planning to hire an in-house developer with a base salary of $5,000 per month, you should budget for an additional $1,500 to $2,500 in overhead costs.

A regular price for fintech app development ranges from $10,000 to $1,500,000. See the table to understand how much time is required to integrate each of the features important for fintech today. Based on this information, you can better evaluate required costs.

Why choose Devler.io

Devler.io takes the hassle out of finding the perfect developer for your project. 

Here's how Devler.io platform empowers your business:

Are you ready to have the next groundbreaking app in the fintech industry? 

Find & Hire TOP Fintech Developers at Devler.io!