How much does it cost to build a social network app for the finance sector?

Standard price for a social network app for the finance sector: $40,000

Find out the cost to build your own custom social network app for the finance sector:

Get Estimate Now

What is a social network app for the finance sector?

Social network apps for the finance sector enable finance professionals to connect with each other and share content that is relevant to the finance industry. A social network app designed for the financial industry should include market updates, professional profiles, and user groups based on shared interests. Finance experts can use a social network app to make new professional contacts and discuss market trends in a shared forum or chat thread.

Social network apps for finance professionals have a lot in common with other social network apps, such as dating apps, professional networking apps, and meetup apps. LinkedIn has been one of the most popular business social networks for years.

Here are some recent social network app for the finance sector examples built with Crowdbotics:

  • Social media app for traders and investors. Users can create specific groups and share content about stocks.

  • A networking app for entrepreneurs and investors to connect with one another. It also accepts cryptocurrency vs cash as payment.

What is the typical cost to build a social network app for the finance sector?

A social network app for the finance sector usually costs $40,000 to build. However, the total cost can be as low as $30,000 or as high as $50,000. A social network app for the finance sector with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent price quotes for a social network app for the finance sector from Crowdbotics:

  • $40,000

  • $45,500

How long does it take to build a social network app for the finance sector?

A social network app for the finance sector usually takes 570 hours to build. However, a social network app for the finance sector can be built in as few as 400 hours, or in as many as 667 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, Crowdbotics produced the following recent hourly estimates for a social network app for the finance sector:

  • 533

  • 607

How to successfully grow your social network app for the finance sector

A social network app can grow among finance professionals by connecting people who share common interests and experiences. A financial social network app for the finance sector should be able to maintain a high level of engagement with its users by offering a variety of interactive content that is relevant to its audience. The app should also be able to provide a sense of community that is lacking in other social networks for this industry.

Risks and challenges of building a social network app for the finance sector

A social network app for the finance sector is exposed to legal risks related to defamation, intellectual property theft, and cyberbullying. It is recommended that social network apps for the financial sector enforce appropriate security policies to prevent unauthorized access to sensitive client data, and that they ensure that commercial content is clearly distinguished from user-generated content.

Want a more detailed estimate?

Get a feature-by-feature breakdown with our cost estimate calculator.

Browse our full library of app cost quotes.

Find pricing info for all other app types here.

Some of the descriptions on this page were completed with AI assistance. Learn more here.