The FinTech industry is steadily growing, and the market is flooded with financial service providers and fintech startups trying to meet customer needs and shape the future of finance.

In 2019 fintech startups earned $34.5 billion in funding altogether, according to new data from CB Insights. Excluding Ant Financial’s unusually large $14 billion round in 2018, fintech funding was up nearly 30% year-over-year.

Along with FinTech startups there are a lot of financial software development vendors that help them grow and create new tech solutions from scratch. As more and more companies enter the fintech industry, it can be difficult to sift through them and identify key players across six main areas: Banking, Payments, Investment and Financial Management, Insurance, Currency and Exchange, and Lending and Financing.

We’ve Listed Top 10 FinTech Development Companies to Keep Track in 2020
1) Itexus
Since 2013 Itexus builds custom Financial & Insurance solutions for startups and midsize businesses. Trusted by 150+ clients we develop digital banking solutions, online payments, investment & wealth management software, & AI robo-advisors! We develop advanced and scalable custom web and mobile software solutions.

2) Bliss Applications
The company with a proven track-record in UX/UI Design, Mobile App and Web Dev, eCommerce and IoT. Based in Portugal, they partner with companies and startups worldwide to build products using a human-centered approach.

3) The Gnar Company
The Gnar Company designs and developed robust, reliable software products built to grow and scale. They help companies build foundational web and mobile applications like their in-house teams.

4) itCraft
The software house that delivers mobile and web application for clients around the world. 10 years on the market, 60+ specialists, 200+ projects delivered.

5) m7
millermedia7 is a digital, full service innovation, branding, software, UX, and digital strategy agency that exists only for the stratospheric elevation of brands. Their team has over 50 years of combined, vital experience working with major brands. They wholeheartedly embrace the web, video, IoT, mobile.

6) WANDR
The team of product design experts with vast global experience. They help SaaS companies increase user retention and reduce churn through their product strategy and user experience design expertise.

7) Digital Silk
Digital Silk is an agency focused on Creating Superior Digital Experiences for their clients. They create cutting-edge brand strategies, websites, apps and results-driven marketing campaigns for midsize to large companies that demand results and best-in-class service.

8) Logicify
Logicify is a software research-and-development company with a strong technology focus in Python and Angular. Full-cycle agile development.

9) Selleo
Scale development, design, and build great apps. Product Owners and CTOs in start-ups and SMEs craft their SaaS products or build their own cloud-based solutions with Selleo’s teams. They provide a wide spectrum of services to support clients throughout the entire life cycle of software development.

10) KitRUM
KitRUM is a team of UI engineers, software developers and technologists that invent digital products and experiences for tech-savvy businesses all around the globe.

*the list is compiled with the info from DesignRush ranking. Of course, it’s not a full list of experienced and reliable FinTech development companies, but it’s quite enough to give you an idea of what the market looks like.

Another question is how to choose a vendor – what to take into consideration, what the key points are, what to look for. Luckily, we have a list of some essential issues to take into consideration while searching for a financial software development vendor.

• Industry-wise Expertise
  For successful project delivery it’s recommended to search for a fintech software development company with the relevant expertise in creating and launching financial solutions applying the latest technologies and within diverse deployment ecosystems.

• Reviews on Trusted Resources
  These days all mature companies have reviews in the different sites. It’s possible to google the company’s reviews or research it on Clutch or Designrush sites. Mainly all reviews on these platforms are verified by sites’ administration. So there are no chances to fake the testimonials. Checking out the reviews help a lot when it comes to making the choice between several vendors.

• Business Synergy
  Synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. It means that both companies should work for one aim and eager to achieve success in their project. It’s also about communication, because it’s the best way to understand whether it will be comfortable to work and stay on the same page while working on a mutual project. Does the vendor understand your business needs? Is he eager to work together? Do you feel comfortable and confident on sync-ups?

Get Your Project Estimate
The project estimate in man-hours helps to get the time period and budget required for developing, testing and launching different components and features of the project you need. Every single feature is estimated and you can prioritize each feature to be sure the Fintech product will look and work the way you like. Besides, it’s very easy to get an estimation. Just drop the project idea here, sign in the NDA and after a small talk with the vendor’s representative you’ll get a full project estimate with hours and budget required.