If you were born in the age of the Flinstones, then you would be forced to use a stone-made phone that had no access to internet. In fact, we think that the Flinstones were trapped in a financial mess because they had no access to Fintech and other financial technologies we enjoy today. The only thing that brought joy to their lives was travelling in a primitive flying machine and eating bread that is made of stone, yuck! Fintech is a phrase used to refer to innovations in the financial and technology sector. In general, it refers to services or companies that provide financial services using technology to consumers and businesses. They include diverse financial education apps, retail banking and lending apps, investment apps, crypto currency apps, peer-to-peer money transferring apps among others. Fintech can help can help you boost your numbers game, for instance, you can maintain a healthy relationship with your spouse as you work on improving your financial security. We will go through the top 10 Fintech apps in a shorter time than you can say “Yabadabadooo.”Honeydue :
- This is a money management app that helps reduce money related disputes among couples by offering a means of sharing information on their respective account balances and expenditure. This amazing app lets couples comment on individual operations and manage bill reminders together. Honeydue is aimed at improving financial relationships between couples.
Pros
– Honeydue supports for a huge number of banks and cards
– It has flexible budget plans
– Recurring bills and reminders
Cons
– It doesn’t have a web and computer version
– It still has a few bugs
Given that Honeydue is a free software, it offers most of the tools you would need in a budgeting app, for all the couples starting on this journey together, Honeydue is one of the best options. For more information you can check it out here.
Finch
- Finch is a Fintech app with a vision of reimaging the consumer financial experience, Finch basically combines social payments and financial insights to assist consumers stay up to par with their financial standing.
The app’s Chief Executive Officer, Toby Gardner says that Finch is not only for financial purposes but it’s a social platform as well.
Finch users will be able to:-
- Pay and request for money in less than 5 seconds.
- Share expenses in groups to assist in accountability.
- Be able to split bills among people during payments.
- Get insights which are aimed to help users improve their spending habits.
Emma
- Emma is a personal finance management app that helps users in avoiding overdrafts and finding wasteful subscriptions, Emma also allows users to connect to their bank accounts and assist them keep track on their expenses.
The app also provides financial advice and suggestions on managing your budget. Emma’s ultimate goal is to have an app that combines all the users’ financial information in one app and hence eliminating the need for multiple banking apps, giving full control over personal finances, while using state of the art security measures to ensure full data protection. This app is free and available on both Android and IOS.
Pros
- Easy to track expenses.
- Product is well built.
- Automatically allocates expenses into categories.
- Runs on both Android and IOS platforms.
Cons
- No multiple currencies.
- Available for UK users only.
- In order to sign up, you have to invite three friends.
Bundil
- Bundil is a mobile app that allows users to automatically invest spare change, from day to day expenditure from credit/debit card purchases to crypto currency.
Crypto currency investing might be a little difficult for an average person but Bundil helps eliminate this barrier by easily rounding up your purchases and investing the spare change. Bundil connects to the Coinbase account and buys coins, it also gives users the choice of choosing which crypto currency they would like to invest in. Everything is done right in the app, like for example tracking ones portfolio and growth to managing their currencies.
This app will be handy for people who are willing to invest in crypto currencies but don’t know where to start. This app is only available on IOS.
Price $1/month Paid Annualy. - Root
Root is a financial services toolkit API which helps developers build their own banking experience with code. Root is a bank account with full Application Programming Interface access so as to enable the users to handle their money transfers, create new virtual cards and sort out transactions among others using code. This tool comes with a programmable virtual MasterCard with a different card number for every shop which is all accessible through the API. Users can limit fast food expenditure, track how much they spend at the coffee shop or perhaps transfer money to charity. - Runway
- Runway is free cash planning web application developed for startups, it was built to make it simpler for founders with little or no accounting and finance backgrounds to be able to control business cash flow. This application allows users to create a financial model that will help then monitor how future financial decisions can affect business.
The app also enables users to mould different expense and income scenarios to see how it will affect cash flow. Runway is basically a visual tool that assists startups to understand and manage cash runway. - Inly
If you are one of the people who don’t like dealing with invoices or checks, then this app is for you. Inly makes sending and receiving of invoices a walk in the park which in turn helps clients pay faster. Additionally this app permits users to create custom contracts for clients and business analytics. For one to use this application you will have to sign up, set up a stripe account in case you don’t already have one, from there you can start receiving and sending payments.
Inly is a free app but there is a pro version that costs $6/month.
Robinhood Crypto
- Robinhood Crypto is an application that allows users to invest in conventional securities. Interested parties can purchase cryptos, ETFs and Stocks all within the apps interface.
One of the main advantages of this app is that it lets its users keep track of the prices and news of some of the best cryptos in the market such as
Stellar, Litecoin, Bitcoin, Dash, ZCash, Ripple and Ethereum among others.
Robinhood crypto’s zero fee transactions is another thing that makes it worth trying, they say their main goal is to try and do away with transactions and trading fees in the market. In general it assists any user to easily invest in the stock market and buy crypto currencies without having to part with the trading fees.
Users can buy and sell up to $1000 worth of crypto currency with a bank transfer. The app is available on IOS and Android.
Trigger
Trigger is a free mobile application that the user can use to set up different financial triggers which then the user can use to direct their investment, for instance one can see a stock when it gets to a specific point, so when the point is reached trigger sends the user a notification which the they can act accordingly.
Trigger has four types of economic signals
- Users can set up alerts based on the performance of the certain stocks.
- One can use Trigger to track the US economic events like the job results.
- One can set up a trigger around cooperate earnings.
- Users can also schedule alerts based on gains or losses in your portfolio.
These signals are aimed at helping investors create well organised and strategic trading moves, the developers say they see Trigger as both a democratizing and rational influence.
Trigger is available on IOS.
Coinbase
- Coinbase is a popular application that deals with crypto currency aimed at making it easy and secure to use, buy, store and accept digital currency. The Coinbase app consists of different interesting features which make the user experience a lot better.
- Users can buy and sell digital currencies and be able to keep track them all in the same place.
- Users need to worry not about the safety of their currencies, Coinbase provides vault protection to store your funds.
Easy ways to invest in digital currencies with the availability of scheduling buys, daily, weekly or monthly.
