How much does it cost to build a finance app?

Standard price for a finance app: $52,500

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What is a finance app?

A finance application is a web, mobile, or desktop application that enables users to manage their personal finances. Finance apps typically include interfaces for viewing balances and transactions, setting budgets, tracking expenses and incomes, sending payments, and creating financial reports.

Finance apps are often very similar to other financial management apps, such as banking apps and investment portfolio management apps. Popular examples of finance apps include Robinhood, Acorns, E*TRADE, and TD Ameritrade.

Here are some recent finance app examples built with Crowdbotics:

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

  • An app where customers can go to the app on their phone and receive stock trading signals. For the MVP, users can go on the app, receive a stock trading signal, copy the signal and then navigate to a trading platform like SmartTrader to make the trade.

  • 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 finance app?

A finance app usually costs $52,500 to build. However, the total cost can be as low as $30,000 or as high as $75,000. A finance app 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 finance app price quotes from Crowdbotics:

  • $40,000

  • $52,500

  • $45,500

How long does it take to build a finance app?

A finance app usually takes 613 hours to build. However, a finance app can be built in as few as 400 hours, or in as many as 1,000 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, the most recent finance apps built with Crowdbotics received the following hourly estimates:

  • 667

  • 1,000

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

How to successfully grow your finance application

A finance app can grow by becoming more convenient to access for a specific type of user. Finance apps tend to see a high rise in growth during the initial launch period, when users are incentivized to try new apps. However, once users settle on one app, they don't often switch platforms unless the other platform offers a significantly better user experience. As a result, it's important for finance apps to provide features that are unique or more convenient than competing platforms.

Risks and challenges of building a finance application

Finance apps face significant legal and reputational risks. They are subject to data protection regulations, a risk profile that is heightened by the collection of personal financial information. Finance apps also face financial fraud risks (such as phishing scams), market manipulation risks, and intellectual property theft that can be facilitated by your app infrastructure.

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