The FinTech industry is a fast-moving train, and the one who joins early will be the winner. The market, evaluated at around , is developing at a CAGR of 20%+ and is expected to exceed $699 billion by 2030. So, it’s definitely a worthy investment for companies related to finance and a must-follow trend in the coming years.

Strategic partnerships play a huge role in this sphere, as you can’t succeed without a reliable, experienced provider of financial software development services.

Such companies bridge your business ideas and working products, making the project fail or fly. Picking a dependable partner is necessary if you plan to get a fair share of the lucrative FinTech industry revenues with cutting-edge digital products.

Parameters for Top FinTech development companies selection

When choosing a FinTech development company to work with, you should focus on a set of key quality parameters and make an unbiased choice based on that information.

I recommend focusing on the following:

• Experience. A young firm can have talented, energetic staff and deliver stellar services, but the experience is still precious in the FinTech sector. So, I recommend working with FinTech software development companies that already have a couple of successful projects under their belt, enjoy high rates on reliable review platforms such as Clutch.co, have positive client testimonials, and work with top-rated FinTechs.

• Domain-specific expertise. A team with in-depth expertise can help you make vital decisions in terms of the underlying technology, core features, and the overall development process. During the expertise assessment, you should check the number of completed FinTech projects, the availability of FinTech services, and the presence of additional support like DevOps-as-a-Service, Security Audits, and Business Process Improvement Advisory.

• Tech stack. The team of your chosen FinTech company should possess varied skills and mastery of different software tools and frameworks. You never know what additional tech needs will arise in the work process, so your chosen team should be ready to manage the tasks of any tech complexity. Analyze what technologies they work with, what expertise in third-party system integration they have, and what technical partners they work with.

• Reputation. Don’t expect good service from a company with a notorious online reputation. It’s vital to check your candidate company’s online reviews. You may also contact a couple of its previous clients to get first-hand testimonials from somebody who has already worked with the firm and analyze the customer return rate to understand whether customers are generally satisfied with the service.

I’ve done the legwork for you to pick the Top-10 providers for 2023 and beyond. The FinTech developers meet the following criteria:

• Relevant expertise in the FinTech industry.
• A positive online reputation across reputable review websites and tech ratings.
• A solid presence in the FinTech market.
• A broad tech stack that covers various FinTech technologies and tools.

Let’s move on and see who’s worth your attention and who can provide state-of-the-art FinTech solutions for your business.

Top 10 FinTech development companies to work with in 2023

Here are the top 10 providers I’ve hand-picked for your close consideration based on their positive track record and reliable services.

1. RNDpoint

RNDpoint is a go-to provider of FinTech development services. The company delivers full-cycle development services in the Fintech industry and has a large team of 250+ software experts on board.

This financial services provider has established many long-term partnerships with FinTech businesses, banks, and lending organizations. Its major specialization is banking software automation and digital transformation of financial entities.

The provider currently has five offices in Western Europe and the USA, building a genuinely international presence in the global financial sector.

It’s a must-try option in the FinTech software development market, given the large international team capacity and a broad international partnership network.

Year of foundation: 2014

Services:

• Trading and Wealth Management platforms
• Loan Origination Systems and Scoring solutions
• Payment Processing software
• Mobile Banking and eWallet apps
• BNPL and Loyalty Management platforms
• KYC / AML and Fraud Detection solutions
• DevOps-as-a-Service
• Security Audits
• Business Process Improvement Advisory

Clutch.co rating score: 4.9

Major clients: FICO, Breaking Equity, Loop Wallet, Danske Bank, First Abu Dhabi Bank, Teradata

Website:

2. 4IRE

4IRE - is a Swedish-Ukrainian software development outsourcing provider with a large team of top-rated developers with an innovative mindset. The company has been in the DeFi/FinTech market for 12+ years and has become a significant player in the FinTech revolution.

Among its key achievements, one can name the Substrate Delivery Partners membership, 16 awards for FinTech innovation, and a large team of 250+ engineers available for hire.

4IRE has been at the forefront of FinTech development in Europe. This Fintech development firm is also an official NEAR integrator, assisting companies worldwide in the transition to blockchain functionality for better performance.

Year of foundation: 2009

Services:

• Blockchain Development
• Green Finance Development
• Crypto Marketing
• DeFi Development
• Fintech Solutions Development
• Banking Software Development
• NFT/P2E Development

Clutch.co rating score: 4.7

Major clients: Stockholm Green Digital Finance, Stockholm Sustainable Finance Center, Innobridge

Website:

3. Praxent

Praxent provides FinTech UX design and engineering solutions to financial organizations targeting digital transformation. The company has been on the market since 2000, with its founder, Tim Hamilton, paving his way into software development. Today, the company boasts a huge portfolio of 300+ finished projects and 100+ team members on board.

Clients may choose from US-based or LATAM-based coders to compile their project teams. With 15+ years of industry experience and a large team of FinTech-specialized designers and developers, Praxent can become your go-to provider of robust business solutions in the FinTech sphere.

Year of foundation: 2000

Services:

• UX/UI design
• Web app development
• Mobile app development
• Front-end and back-end solutions
• Web portal development

Clutch.co rating score: 4.8

Major clients: OpenLending, Dimensional, Meriwest, Synctera

Website:

4. Itexus

Itexus is an international FinTech development agency with an international outreach and physical presence in the USA, Australia, and Poland. It was founded by talented developers and business analysts and has completed 220+ projects since then.

The company has custom-tailored solutions for companies of all scales and sizes, from startups to large corporations. It may become a reliable provider of FinTech solutions with a forward-thinking approach and a team of seasoned experts on board.

The Itexus team possesses in-depth industry expertise in numerous domains covering sports and lifestyle, education, real estate, manufacturing, entertainment, and travel.

Year of foundation: 2013

Services:

• FinTech development and consulting
• Insurance software development
• Banking process automation
• Healthcare and telemedicine solutions
• Mobile and web apps
• DevOps
• UX/UI design
• Machine learning
• Solution discovery
• Booking app development

Clutch.co rating score: 4.9

Major clients: Mango, McDonald’s, Stella & Dot, DigiRealty

Website:

5. Softjourn

Softjourn positions itself as a full-cycle consulting and software development company with finance, media, and entertainment expertise. The company also has a strong business focus on ticketing. Thus, you can easily find relevant talent and vital business insights into your new FinTech project at Softjourn.

Softjourn currently works with companies of all sizes, from startups to Fortune 100 members, and has 300+ employees on the team. It is present in 30+ countries and has partnered with top industry players over 17 years of its operations.

Year of foundation: 2001

Services:

• FinTech & software consulting
• Payment processing software
• Expense management systems
• Prepaid cards solutions
• Remittance software
• Code audit
• API development

Clutch.co rating score: 4.8

Major clients: Vendini, Ticketmaster, Live Nation

Website:

6. HatchWorks

HatchWorks has integrated US-based and nearshore agile teams ready to deliver top-notch software solutions to clients.

The provider has US offices in Atlanta, Chicago, Dallas, and Washington and a set of regional branches in Costa Rica, Colombia, and Peru, providing outstaffing solutions to close tech stack gaps and help these industry leaders advance in FinTech development.

You can also try its flexible services to build outstanding FinTech software with seasoned industry experts.

Year of foundation: 2016

Services:

• Product design
• Software development
• Data Analytics
• Technology consulting
• Product fundamentals

Clutch.co rating score: 4.9

Major clients: Fleetcor, Recruitics, Charter Communications, NV5, Anthem, myFloc

Website:

7. SPD Group

SPD Group is a software product development company with a strong focus on FinTech. It has 17+ years of market presence and a wide network of branches in Eastern Europe. The provider’s headquarters are in the UK.

Its vast experience and broad project portfolio make SPD Group ideal for delegating complex, large-scale FinTech projects requiring top talent and cutting-edge technology use.

SPD Group delivers web and mobile dev services and provides dedicated teams of developers. You can follow their lead and work with the company’s expert dev team on your next FinTech project.

Year of foundation: 2006

Services:

• Full-cycle custom software development
• Enterprise-grade software solutions
• AI/ML development
• Software unification and orchestration
• Legacy software modernization

Clutch.co rating score: 4.8

Major clients: Roche, Morningstar, PitchBook, SpaceNeedle

Website:

8. 10Clouds

10Clouds has been for 10+ years in the FinTech dev market. The company can deliver top-quality consulting and development services on demand.

This Poland-based company has offices in Warsaw,  Poznan, Wroclaw, and Novi (the USA), and caters to a wide network of international businesses.

The company currently has 200+ tech experts and consultants on board, so you can create stellar blockchain-based FinTech products with its help.

10Clouds has collaborated with top FinTech market players, so its reputation speaks in favor of using this trusted provider’s services for superior outcomes.

Year of foundation: 2009

Services:

• Web & Mobile apps development
• Web design, production design, and illustrations
• UX design
• FinTech solutions development
• ML solutions development
• Blockchain-based products development
• DevOps and MLOps

Clutch.co rating score: 4.9

Major clients: TrustStamp, Aleph Zero, Forbes, Omise

Website:

9. Code & Pepper

Code & Pepper is a well-known Poland-headquartered provider of top-tier FinTech products for mobile, web, and cross-platform use.

The company used to be a small dev agency with proprietary SaaS software at first, but then its management adopted a strategic FinTech focus. Thus, it has quickly grown into a FinTech software developer serving dozens of clients across Europe and worldwide.

Code & Pepper has many positive reviews on Clutch.co, has won a Forbes award in 2022, and received an honorable mention on Awwwards.

Its team’s talent is not under question. The company is a tried and tested variant for FinTech software development.

Year of foundation: 2006

Services:

• FinTech and banking apps development
• Wealth management software
• Insurance solutions development
• Lending software development
• Law & Legal software development
• Open Banking development
• Digital transformation

Clutch.co rating score: 4.6

Major clients: DirectD, Finbourne, Smart Pension

Website:

10. UppLabs

UppLabs has been on the FinTech dev market since 2014 and has completed over 150 projects since the company’s foundation.

The provider currently specializes in FinTech technology, focusing on healthcare and real estate software. You can get professional consulting and development services at UppsLabs, as the company’s expertise covers a broad array of technologies, including .NET, Python, Node.js, Vue.js, Java, SWIFT, and Kotlin.

Over time, it has partnered with many frontline FinTechs to contribute to their innovation and help them transform their IT infrastructures. According to client reviews, working with UppLabs is a rewarding experience with impressive outcomes.

Year of foundation: 2014

Services:

• Fintech web and mobile development
• Money transactions platform engineering
• Online trading and exchange platform engineering
• AI-based Fintech solutions
• Payment systems integration and optimization
• Existing services maintenance and modernization
• Custom IT solutions for financial business
• Custom IT solutions for financial business\

Clutch.co rating score: 4.9

Major clients: CBInsights, Distributed Lab, RevTech Labs

Website:

Conclusion

There are the Top-10 performers in the FinTech sector to work with in 2023. Feel free to pick any financial software development company from the list above to get top-quality solutions from experienced pros.

Don’t leave your FinTech projects to chance, as the market is very competitive, and only feature-rich, functional, and user-friendly solutions can win the demanding, tech-savvy users’ hearts and create a stable source of revenue for your business.

Entrust your next FinTech project to experts to avoid risks, uncertainty, or double costs of mediocre development.