Blog Post

fintech mobile app development

Fintech Mobile App Development in the Netherlands: A Comprehensive Guide

Sanjay Kidecha,

Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.Chris Skinner. 

Technology has given rise to a new industry in finance, i.e., FinTech. The intersection of finance and technology enables finance companies to innovate a wide range of products and services. Built using cutting-edge technology, these products and services empower Finance businesses to deliver innovative solutions to consumers. 

And one of the key components of this industry is Fintech mobile app development. You can find apps for banking, loans, crypto, trading, insurance, payment, and literally everything that comes under the finance umbrella.

Investors and Finance institutions are building a Fintech app and establishing startups around this progressively lucrative industry. And if you don’t want to whine about who moved your cheese, get ready to embrace technological changes with this guide because you have more opportunities to capitalize on the Fintech market!

In Europe, the number of Fintech users is projected to exceed 990 million by 2027 from 841.5 million in 2023.   Statista.

Benefits, top Fintech apps in the Netherlands and Germany, how to build one, and common challenges to avoid; we will cover overall Fintech mobile app development. 

So, let’s get going!

Wait! But why is Fintech mobile app development so prevalent than desktop or web apps? 

Fintech mobile app development prevails due to user convenience and accessibility. People prefer on-the-go financial interactions, making mobile apps vital. Mobile apps offer real-time access, personalized experiences, and secure transactions, enhancing user engagement and fostering a digital financial ecosystem.

According to SensorTower, the Global Fintech app installs in Q1 2022 were 1.74 billion!

Even fintech app sessions have also made progress by 19%, reveals Adjust in its Annual Mobile App Trends report. 

So, how you can leverage Fintech mobile app development to attract target audiences in Germany and the Netherlands, let’s find out.

Offer these Benefits to attract Consumers to use your Fintech Mobile App!

benefits of fintech mobile app

Anywhere, Anytime Access: Develop a Fintech mobile app to provide instant access to your financial services, empowering users to manage their finances on the move.

Personalized Experience: Customize features that resonate with your target audience and simplify the process, enhancing user engagement and satisfaction.

Real-Time Updates: Leverage real-time notifications in your Fintech app for transactions, investments, and alerts, ensuring users stay informed.

Simplified Transactions: Create intuitive user interfaces and experiences across multiple mobile devices to facilitate quick and secure transactions, streamlining financial interactions.

Seamless Integration: Mobile apps easily integrate with device features like biometrics and cameras that you can capitalize to offer frictionless authentication.

Enhanced Security: Harnessing device capabilities, offer multi-factor authentication, device-level security, and encryption-like advanced security measures to gain consumer trust.

Digital Ecosystem: Offer a go-to comprehensive financial ecosystem incorporating payments, investments, budgeting, and more.

Market Reach: The proliferation of smartphones enables reaching a wider audience, including those who are unbanked or underbanked. So, build a Fintech app for Android and iOS, expand your reach, and make your financial services reachable to consumers.

Innovation Hub: Let your Fintech app make a buzz about your services in the European finance market by integrating emerging technologies like AI, voice commands, and augmented reality. (more on this ahead in the blog…)

Fintech mobile apps cater to modern users’ preferences for speed, convenience, and customization, making them a dominant force in the financial sector.

By weaving these benefits into your fintech mobile app, you’re not just offering an app – you’re gifting users a seamless, personalized financial journey that will keep them coming back for more.

Okay, but what kind of Fintech app to develop that suits your financial services in Germany or the Netherlands? So, there is an extensive list of Fintech apps, and we curated it here just for you. 

What are the different types of Fintech apps, and what problems do these apps solve?

types of fintech mobile app

Explore this diverse lineup of fintech apps, each with a distinctive purpose and potential for success in the Netherlands and Germany’s evolving fintech landscapes.

Buy Now Pay Later: 

Offering a modern twist on credit, with the Buy Now Pay Later app development, FinTech businesses empower users to purchase products and services instantly and pay for them in manageable installments. 

In3 is a Dutch FinTech founded in 2018, offering BNPL to consumers in three installments without interest.

Features:  Interest-free terms, flexible repayment options.

Market Potential:  High, as consumers seek flexible payment solutions in the Netherlands and Germany, especially for larger purchases. 

Mobile Payments: 

Revolutionizing how transactions occur, mobile payment apps enable users to make payments conveniently using their smartphones. Apple Pay, Google Pay, and Samsung Pay are fine examples of mobile payment apps that also eliminate the need for physical payment cards.

Features:  Contactless payments, tokenization for security.

Market Potential:  Rapidly growing due to tech-savvy populations across Europe, with the adoption of mobile payment methods on the rise. With consumers shopping online, mobile transactions contributed 50% of total sales in Europe. 

Digital Banking: 

Banking apps are key to Digital banking transforming, allowing banks to provide a comprehensive suite of services online. Banks enter the Fintech market by developing mobile apps, making their services accessible remotely, and enhancing consumer experiences. 

For example, N26 in Germany and Bunq in the Netherlands inspire other banks to embrace the mobile banking approach. 

Features:  AI-driven financial advice, remote check deposits.

Market Potential:  Significant, as users increasingly opt for digital banking alternatives that offer greater convenience and personalized insights.

Investment & Trading: 

Demystifying investment, investment apps enable individuals to invest in stocks, cryptocurrencies, and other assets, facilitating their entry into the financial markets.

Take examples of eToro and Revolut are the perfect example of investment apps.

Features:  Fractional shares, unlimited foreign exchange, social trading communities.

Market Potential:  Substantial, with growing interest in investment opportunities, particularly among younger demographics.

Personal Financial Management: 

Serving as financial coaches, apps like Mint assist users in tracking their expenses, creating budgets, and setting financial goals to achieve better financial health.

Features:  Automated expense categorization, split bills, goal-based saving.

Market Potential:  High, as users prioritize financial control and planning to achieve their monetary aspirations.

Lending & Borrowing: 

If you want to redefine borrowing, build a lending & borrowing app like Chime or Lending Club that connects borrowers directly with lenders. The Fintech app bypasses the conventional banking system and streamlines loan acquisition at once.

Features:  Peer-to-peer lending, set payback period, instant approval.

Market Potential:  Growing as alternative lending gains traction due to its convenience and quicker access to funds.


Lemonade Insurance is modernizing insurance services through mobile apps. It offers home, car, life, and pet insurance across Germany and the Netherlands in addition to the US. By leveraging technology, you can build an Insurance app, making claims processing and personalized insurance coverage more efficient, revolutionizing the traditional insurance landscape.

Features:  AI-based claims processing, micro-insurance.

Market Potential:  Rising as consumers seek improved insurance experiences and tailor-made coverage options.

Cryptocurrency & Blockchain: 

Coinbase and Binance have set examples of how blockchain can disrupt finance, facilitating secure transactions and managing digital assets like cryptocurrencies.

Features:  Decentralized transactions, smart contracts.

Market Potential:  High, with increasing interest in cryptocurrencies and the potential of blockchain technology in financial services.

Each Fintech app has a distinctive purpose and potential to address specific financial needs. So, if you want to invest in Fintech mobile app development, first define what finance problem you can solve for your target audience.

Alternative Credit Scoring: 

Alternative credit scoring apps like Credit Karma, ZestAI, and ClearScore reshape credit evaluation by using alternative sources beyond traditional credit reports. These apps use alternative data sources and algorithms to evaluate creditworthiness and provide credit scores. By providing individuals with a holistic credit profile by developing an Alternative Credit Scoring App, you can enhance their access to financial services.

Top Fintech companies in Germany and the Netherlands

top fintech companies in Germany

According to Tracxn, about 1260 and 1886 Fintech startups exist in the Netherlands and Germany, respectively. Fintech is flourishing in both regions, and N26, Mollie, and other startups prove the potential of the markets. Their success stories showcase how unique approaches can disrupt the finance landscape, 

Top Fintechs in Germany


A trailblazer in mobile banking, N26 offers a full banking experience through its user-friendly app. It empowers users with real-time notifications, budgeting tools, and fee-free international transactions.


This InsurTech disruptor employs data-driven approaches to redefine insurance. Wefox connects users with insurance advisors and simplifies claims processing through its digital platform.

Trade Republic 

Revolutionizing investing, Trade Republic provides commission-free trading of stocks and ETFs via its app. Its user-centric design and accessibility appeal to both seasoned investors and newcomers.

Top Fintechs in the Netherlands 


Focusing on payments, Mollie offers a wide array of business payment methods. Its simple integration and user-friendly dashboard make it a preferred choice for e-commerce ventures.


A challenger bank with sustainability at its core, Bunq enables users to invest their money in socially responsible projects. Its user-centric approach and transparent fee structure set it apart.

fintech development cta

What are Common challenges Fintechs must be aware of?

Finance is a sensitive industry that needs the utmost protection. If you want customers to trust your Fintech app, you must comply with regulations and offer seamless user experiences with a sense of personalization. And these are the very areas where Fintechs often fail. 

So, let’s discuss the challenges you should prepare for in advance to secure the success of your Fintech.

Compliances & Security:

Without diligent compliance and robust security measures, the app risks violating regulations like GDPR, leading to hefty fines and reputational damage. Insufficient security opens doors for cyberattacks, eroding user trust and compromising sensitive financial data.

How to overcome:

  • Collaborate with legal experts to ensure adherence to evolving regulations.
  • Employ encryption and tokenization to safeguard sensitive user data.
  • Regularly conduct security audits and penetration testing to identify vulnerabilities.

User Experience:

Neglecting user experience results in frustration and disengagement. Users abandon complicated interfaces, impacting your app’s adoption rates. Furthermore, the lack of personalized features alienates users seeking tailored solutions, hampering the Fintech app’s growth and user loyalty.

How to overcome: 

  • Conduct thorough user research to understand their needs and preferences in the Netherlands and Germany.
  • Create wireframes and prototypes to visualize the user journey before development.
  • Employ A/B testing to refine features and design based on user preferences.

Integration with Legacy Systems:

Failure to integrate legacy systems disrupts data flow and functionality. Incompatibility impedes critical processes, impacting the user experience and potentially causing service downtime, leading to customer dissatisfaction and loss of credibility.

How to overcome: 

  • Engage experienced developers skilled in legacy system integration.
  • Invest in API management tools to streamline connectivity.
  • Prioritize data compatibility to prevent disruptions during migration.

Technology Selection:

Choosing inappropriate technology undermines performance and scalability. Inferior security measures result in data breaches, damaging user confidence. Besides, ignoring emerging trends can hamper future readiness, hindering app evolution and adaptation to industry shifts.

How to overcome: 

  • Research and select technologies with a strong developer community and reliable documentation like Flutter.
  • Prioritize scalability to accommodate future growth and user influx.
  • Stay informed about emerging trends and their potential impact on fintech.

Partnership and Collaboration:

Lacking expert guidance risks legal non-compliance and development pitfalls. Poor collaboration affects integration with payment processors and third-party services, causing transaction errors and hindering users’ seamless financial experiences.

How to overcome: 

  • Seek Fintech app development partners with a track record in the Fintech sector.
  • Engage legal experts to ensure regulatory compliance at every stage.
  • Foster relationships with payment processors and third-party integrators for seamless transactions.

Ever-Changing Customer Behavior:

Overlooking evolving customer behaviors can lead to app stagnation. Furthermore, ignoring user feedback results in unaddressed pain points leading to a high app abandonment rate. 

How to overcome: 

  • Leverage analytics tools to monitor user interactions and gather insights.
  • Conduct user surveys and feedback loops to identify pain points and preferences.
  • Implement agile development methodologies and technologies to swiftly adapt to changing user needs.

Localization & Cultural Nuances:

Ignoring cultural differences alienates users. Moreover, neglecting regional payment preferences, inaccurate translations, and mismatched designs ruin trust and limit app adoption. Custom Fintech mobile app development relevant to local cultures and languages helps you achieve greater user resonance. Research cultural preferences, payment methods, and language nuances to create a personalized experience.

How to overcome: 

  • Embrace Flutter app development as it offers internationalization and localization packages to help you resonate with the local values of your target audience. 
  • Leverage a rich library of Flutter widgets to align design elements and content with cultural sensitivities.
  • Research regional payment methods and regulations to accommodate local preferences.

If a challenge can hinder the app’s growth, so does it, allowing you to thrive by overcoming it excellently. 

How to build a Fintech app like N26 or Mollie?

There is a simple tactic to create a Fintech app like N26 and Mollie. All you need is to execute each fundamental stage with precision. Follow an agile methodology from defining your Fintech app type, technology, and development partner selection to developing, testing, and launching.

Define the Type:

To kick off, clarify what kind of fintech app you’re creating—like a mobile bank (think N26) or a payment platform (akin to Mollie). Pinpoint your unique value and the financial issues you’ll tackle head-on.

Market Research:

Dive into your target users’ money habits. Look into competitors such as N26 and Mollie to spot gaps and potential. Additionally, grasp what your users like and follow regulations to craft an app that matches their needs and abides by rules.

Technology and Development Partner:

Choose your development path: build your own team, hire freelancers, or opt for a dedicated development crew. If you’re seeking the best mix of skills, cost-effectiveness, and adaptability, outsourcing a dedicated Fintech app development team is your golden ticket.

Development Team Options:

1. In-House: Demands many resources and might lack specialized fintech knowledge.

2. Freelancers: Offers flexibility but may not cover the full range of complex fintech needs.

3. Dedicated Team: Your top bet for fintech complexity, delivering skills and scalability for success. On top of all, you get access to global talent. 

Design & Development:

Make sure your users breeze through your app with an easygoing design. Develop features that tackle transactions, safety, and personalization. For that, embrace the right tech tools for security and expansion. Also, ensure smooth integration with payment systems and compliance measures.

Testing & Launch:

Tightly test your app for bugs, security, and user-friendliness. Smooth out any hitches and tweak features. Your Fintech app must stick to financial rules for seamless transactions. When you’re ready to launch, roll it out with a solid marketing strategy to gather users.

How to make your Fintech app competitive in the market?

To truly stand out in the competitive fintech landscape, catering to your audience’s needs is vital. Considering their preferences, behaviors, and pain points, craft an app that offers solutions they can’t find elsewhere. Embracing Fintech app trends like AI, IoT, Blockchain, and more will simplify capturing the market. 

Artificial Intelligence & Machine Learning: 

AI and ML in Fintech apps are used to automate tasks, improve customer service, and detect fraud. For example, AI can be used to personalize financial advice or to detect fraudulent transactions.

Bank of America’s chatbot, Erica, is one the most famous AI in banking applications. Erica assists customers with various tasks, such as checking account balances, transferring funds, and paying bills.


RPA stands for Robotic Process Automation. It is a technology that uses software robots to automate repetitive tasks. RPA can help financial institutions improve efficiency, reduce costs, and free employees to focus on more strategic tasks.

For example, JPMorgan Chase uses RPA to automate the processing of commercial loans, resulting in reduced processing time and increased accuracy.


Blockchain is a distributed ledger technology that can be used to record financial transactions securely and transparently. It is being used to develop new payments, lending, and trading applications.

For example, you can use blockchain for real-time settlement of transactions, eliminating intermediaries and enhancing cross-border remittances. 


The Internet of Things (IoT) is a network of physical objects connected to the Internet and can collect and exchange data. This data can improve financial services in various ways, such as fraud detection, asset tracking, risk management, and more. 


SaaS stands for Software-as-a-Service, a cloud-based delivery model for software applications. Such applications are hosted on the cloud and offered to access by other companies over the internet.

For example, you can build a payment app, a fraud detection app, or customer relationship management software. And offer it to other financial companies through subscription plans, eliminating development time and cost. 


Flutter is a cross-platform mobile development framework that allows developers to create apps that can run on both Android and iOS devices. This makes it a popular choice for Fintech companies that want to reach a wider audience without spending a fortune.

For example, a neo-bank, Nubank, turned to Flutter for developing its iOS and Android apps to speed up the development and testing phases. There are many use cases of Flutter in Banking and Fintech to explore and reap benefits. 

These are the top Fintech trends. However, the list keeps updating as technology evolves. And we’ll keep you informed with every update!

How much does it cost to develop a Fintech app?

As we conclude our comprehensive guide on fintech app development, it’s essential to address a crucial aspect: the cost. Developing a fintech app involves several factors, each impacting the budget differently. 

By dissecting the cost breakdown by types, development teams, technology trends, and geographical locations, we aim to provide you with a clearer understanding of the financial investment required for your fintech app venture.

Fintech App Development Cost by Types and Locations:

fintech app development cost by locations

Fintech App Development Cost by Development Teams:

fintech app development cost by development teams

Average Cost of Technology Integrations:

Artificial Intelligence: $10,000 to $300,000

Machine Learning: $25,000 to $100,000 

Blockchain: $30,000 to $500,000+ 

So, basically, the cost of building a Fintech application may vary depending on several factors. You learn each factor in our special post on Fintech App Development Cost Considerations and Insights.

What type of FinTech app are you developing? 

As we wrap up our fintech mobile app development adventure, remember that while creating code is a brilliant feat, mastering the budget is just as vital. By translating app aspirations into costs and technologies and considering each development dimension, you’ll not only build a fintech app, but you’ll also craft a financial success story.

Behind every successful fintech app stands a team of exceptional developers. Hiring the right experts is paramount to crafting a seamless user experience and robust security. 

When you’re in pursuit of excellence, turn to Kody Technolab. As your dedicated fintech app development ally, we bring top-tier expertise to fuse finance and technology seamlessly. 

fintech development cta

Sanjay Kidecha

Sanjay Kidecha is the Chief Operating Officer at Kody Technolab, where he seamlessly blends his expertise in operations, finance and technology to drive innovation and operational excellence. A passionate advocate for digital transformation, Sanjay writes extensively about how various industries can leverage technology to stay ahead. His insights on emerging trends and practical guides helps leading companies navigate this fast-paced tech world.

Let's Grow and Get Famous Together.

    Contact Information

    +91 93167 56367

    +91 93772 29944



    2nd floor, J block, Mondeal Retail park, Besides Iscon mall, Iscon cross-road, SG Highway, Ahmedabad, Gujarat 380015



    60 Capulet Ln, London, ON N6H OB2, Canada



    Datamac Analytics LLC, One Financial Plaza, FL 1000, Fort Lauderdale FL, 33394



    14 East Bay Lane, The Press Centre, Here East, Queen Elizabeth Olympic Park, London, E20 3BS


    Explore how Kody Technolab is different from other software development companies.


    Download 50+ proven templates and editable frameworks which guide you to build remarkable product