Breaking Down the Best: 20 Fintech Software Development Companies to Watch in the USA for 2023

A3Logics 08 Mar 2023

Fintech, short for financial technology, has transformed the financial industry by introducing innovative and technologically advanced solutions. Fintech companies have disrupted traditional financial services by providing digital banking, mobile payments, and many other financial solutions. The growing demand for fintech solutions has led to an increase in the number of software development companies specializing in fintech. Fintech software development companies play a crucial role in the fintech industry by developing cutting-edge software that enables financial institutions to provide faster, more efficient, and more secure services to their customers. These companies offer expertise and experience in creating software solutions that meet the complex and ever-changing needs of financial institutions.

The financial technology sector is ever-changing, with these firms leading the charge in creative solutions, propelling advancement, and reshaping the monetary landscape. They are experts in various fintech areas, including mobile app development, blockchain technology, payment processing software, and more. Their expertise and experience are critical to developing and implementing the right solutions that meet the specific needs of different financial institutions.

The top 20 fintech development companies in the USA for 2023 will be presented in this article. The fintech industry is growing rapidly, and these companies have distinguished themselves by providing high-quality fintech solutions to clients. Our selection criteria include expertise, experience, reputation, customer reviews, and portfolio. These companies have a proven track record of providing tailor-made solutions to their clients, ensuring that they meet their specific needs. 

Criteria for Selection

Our selection process for the top fintech software development services focused on several important factors. Firstly, we looked for companies with deep expertise in fintech software development. Our aim was to find teams of experts who could create customized solutions that perfectly matched the unique needs of their clients.

Secondly, the experience was a crucial consideration for us. We looked for firms that have a confirmed history of providing excellent financial technology development solutions to their customers.  Experience in the industry indicates a company’s ability to deliver solutions that meet its client’s requirements.

Thirdly, we evaluated the reputation of each fintech development company. We conducted extensive research to ensure that the companies we selected had a positive image in the industry, which is a reflection of the quality of their services.

Fourthly, customer reviews were an essential factor in our selection process. To learn more about our customers’ levels of satisfaction, we carefully examined their comments and reviews.

Finally, we assessed the portfolio of each company to ensure they had delivered innovative solutions that met the specific needs of various financial institutions. We were looking for companies that had worked with a wide range of clients and demonstrated a strong ability to deliver high-quality fintech solutions.

Top 20 Fintech Software Development Companies in the USA For 2023

1. A3logics

A3logics is a US-based Fintech software development company that provides top-notch IT solutions to customers all over the world. A3logics has been assisting businesses in achieving their technological objectives ever since it was founded in 2003. The business has offices around the world, including India, Singapore, and Malaysia, in addition to its US headquarters.

The company’s team of over 500 employees delivers top-notch software development services, including mobile app development, web development, cloud computing, and AI-based solutions. A3logics is recognized for its expertise in Fintech software development, particularly in banking, insurance, and financial services.

With an average hourly rate of $25 to $48, A3logics has an adaptable pricing structure that makes it an affordable choice for companies of all sizes. The company has received numerous accolades for its excellent services, including being named one of the top mobile app development companies in the USA by Clutch.

2. Square

Square is a leading fintech development company in the USA that specializes in providing innovative and user-friendly payment solutions. The business is headquartered in San Francisco, California, and was established in 2009. 

Square’s custom fintech software development services are designed to help businesses of all sizes streamline their payment processes and improve their customer experience. The company’s flagship product, Square Point of Sale, is a popular payment processing platform that allows businesses to accept payments through credit and debit cards, contactless payments, and mobile payments.

In addition to payment processing, Square also offers a range of other fintech solutions, including loans and financing, payroll management, and business analytics. When it comes to pricing, Square offers competitive rates with an average hourly rate of $50-$99 for its custom fintech development services. As a result, they are a cost-effective choice for companies looking to implement cutting-edge payment solutions.

3. Sofi

Sofi, a pioneering software development enterprise, has been delivering inventive financial solutions to its clients since 2011. The company, with its headquarters in San Francisco, California, and several other locations throughout the nation, has emerged as one of the quickest-growing fintech corporations in the United States, employing over 2,500 people.

Sofi specializes in providing digital financial services such as personal loans, student loan refinancing, mortgages, and investment management. The business also provides customers with a mobile app that enables them to manage their finances while on the go. Sofi has been recognized as a top fintech company by Forbes, Inc., and Fortune.

Sofi’s average hourly rate for software development services is around $150 per hour, which is on the higher end compared to other fintech development companies. However, the firm is a top pick for companies looking for top-notch fintech solutions due to its reputation and expertise.

The platform is equipped with a range of resources to help borrowers manage their finances and loans. Sofi’s personal loan platform is also popular among customers, as it offers quick and easy access to personal loans at competitive rates.

4. Robinhood

Robinhood is a popular fintech development company that offers investment services and a trading app. The company was founded in 2013 and was headquartered in Menlo Park, California. Robinhood has grown rapidly over the years and currently has over 1,000 employees. The company has an average hourly rate of around $150 for software development services.

Robinhood’s trading app has gained immense popularity due to its user-friendly interface and zero-commission trading. The application provides the opportunity for users to invest in a variety of financial instruments, including stocks, cryptocurrencies, options, and exchange-traded funds (ETFs). In addition, Robinhood offers a premium service called Robinhood Gold, which offers extended trading hours, access to margin trading, and other features for a monthly fee.

One of the notable features of Robinhood is its commitment to democratizing finance. In addition, Robinhood has a strong focus on education and offers various resources to help users understand investing and make informed decisions.

5. Plaid

Plaid is a software development company based in San Francisco, California that specializes in fintech blockchain software development. Founded in 2013, Plaid has quickly grown into a leading provider of APIs that enable financial services companies to connect with their customers’ bank accounts. Currently, the company employs about 1,000 people, and the average hourly wage is $150.

Plaid’s software development services are focused on providing secure and reliable financial data connectivity to a wide range of financial services companies. The company has raised over $300 million in funding from a number of high-profile investors, including Goldman Sachs, Citi Ventures, and Google Ventures.

6. Paypal

PayPal was formed in December 1998 and is a leading fintech corporation. It is headquartered in San Jose, California, and has offices in different parts of the world. The company has around 25,000 employees globally.

PayPal’s fintech development services include online payment processing, mobile payments, point-of-sale solutions, peer-to-peer payments, and merchant services. The company also offers solutions for managing and protecting financial data, fraud prevention, and compliance.

As one of the pioneers of online payment processing, PayPal has a proven track record of providing secure and reliable fintech solutions to millions of customers worldwide. Its services are available in over 200 markets, and the company has processed trillions of dollars in transactions over the years.

PayPal’s charges are subject to change based on the transaction type and country of origin, measured on an hourly basis. Nonetheless, the firm’s fees are commonly seen as reasonable and upfront.

7. Kabbage

Kabbage is a blockchain software development company that is based in Atlanta, Georgia, USA. The company is dedicated to providing small businesses with access to working capital through innovative technology and automated funding.

Kabbage has grown to become one of the most prominent fintech development companies in the USA, with over 500 employees and an average hourly rate of $150. The company has also received funding from several top venture capital firms, including SoftBank Group, BlueRun Ventures, and Thomvest Ventures.

Kabbage’s platform uses artificial intelligence and machine learning algorithms to analyze a business’s financial data and determine its creditworthiness. This enables the company to offer fast and flexible funding solutions to small businesses, including lines of credit, term loans, and invoice financing.

8. Intuit

Intuit is a leading fintech development company located in Mountain View, California. It was founded in 1983 by Scott Cook and Tom Proulx and has since grown to become a major player in the industry with over 10,000 employees. The company’s software offerings include QuickBooks, TurboTax, and Mint, which are widely used by small businesses and individuals.

In addition to its popular software products, Intuit offers custom software development services for businesses looking to build fintech solutions tailored to their specific needs. The team of seasoned developers at the company is knowledgeable in a variety of technologies, including cloud computing and machine learning.

The average hourly rate for Intuit’s software development services varies depending on the intricacy of the task, and the expertise level demanded. Intuit has also made significant investments in blockchain technology and is exploring ways to leverage its potential to improve financial services. 

9. Gusto

Gusto is a leading software development company in the USA that provides a range of cloud-based HR, payroll, and benefits solutions for small and medium-sized businesses. Gusto was founded in 2011 and is located in San Francisco, California.

Over the years, Gusto has expanded quickly, and it now employs more than 1,000 people. The company’s mission is to make the complex and tedious tasks of payroll, benefits, and HR as simple as possible for businesses.

Gusto has expanded into new areas like time tracking and employee onboarding in addition to its primary HR and payroll solutions. The company’s blockchain software development services also enable secure and streamlined data management and transfer, ensuring that employee data is always safe and accessible to authorized parties.

Gusto’s blockchain software development solutions are highly sought after, as they offer a secure and transparent platform for managing sensitive employee data. The company’s average hourly rate for its software development services varies depending on the scope and complexity of the project.

10. Greendot Corporation

Green Dot Corporation is a fintech company based in Pasadena, California that provides financial services for individuals and businesses. Steve Streit founded the business in 1999, and since then, it has expanded to rank among the biggest and most cutting-edge fintech firms in the country.

Green Dot offers a wide range of financial services, including mobile banking, peer-to-peer payments, and tax preparation services.

The workforce of Greendot includes over 1,000 employees, with an hourly salary of $25. Green Dot has been recognized as a leader in the fintech industry, with awards and accolades from publications such as Forbes and Fast Company.

11. Stripe

Stripe was founded in 2010 by brothers John and Patrick Collison, and it has since grown to become one of the most prominent players in the digital payments industry. With over 3,000 employees spread across 14 offices worldwide, Stripe has helped to revolutionize the way that businesses of all sizes process and manage payments.

One of Stripe’s core offerings is its suite of digital transformation consulting services, which are designed to help businesses adapt to the rapidly-evolving digital landscape. This includes everything from integrating new payment methods to streamlining backend operations to improve overall efficiency.

As far as rates go, Stripe operates on a pay-as-you-go model, with no setup fees or monthly charges. Instead, users are charged a small fee per transaction, with rates varying depending on factors like location, payment method, and transaction volume. Overall, Stripe is a great choice for businesses looking for a reliable, innovative partner to help them navigate the ever-changing digital landscape and stay ahead of the curve.

12. Techforce Global

Techforce Global is a fintech development company based in Austin, Texas, with additional offices in New York, California, and India. Founded in 2015, Techforce Global has a team of over 200 employees who provide fintech software development solutions for businesses across various industries.

The company specializes in developing blockchain solutions, cryptocurrency exchanges, and other fintech software products. They offer end-to-end services, from ideation and design to development and deployment, and their portfolio includes successful projects for a variety of clients, from startups to Fortune 500 companies.

Techforce Global has earned a reputation for delivering quality services, and they pride themselves on being able to provide innovative solutions to complex business problems. They have an average hourly rate of $50-$99 per hour, which is competitive in the fintech software development industry.

13. Kanda Software

Kanda Software is a development company located in Cambridge, Massachusetts, USA. Since its founding in 1993, the business has served clients in the finance sector by offering cutting-edge digital transformation solutions. Kanda Software has a team of more than 100 skilled professionals who have expertise in various technologies like Java, .NET, Python, Angular, and React. Kanda Software has worked with some of the biggest names in the finance industry, such as JPMorgan Chase, Fidelity Investments, and Citigroup.

The typical hourly wage at Kanda Software is $150. The business has an open pricing structure, and they only bill for the actual project hours spent on it. This ensures that the clients get value for their money, and there are no hidden charges. Kanda Software has received several awards for its services, including the Best in Mobile Application Development award by the Interactive Media Awards.

14. Azumo

Azumo is a software development company based in California, USA that specializes in building innovative fintech solutions for businesses worldwide. The company was founded in 2009 and has since grown to over 100 employees with an impressive track record of delivering cutting-edge fintech development services to its clients.

Azumo’s team of experts offers a wide range of transformation solutions to help businesses improve their operations and customer experience. The company is known for its expertise in developing custom software solutions that help clients meet their unique needs and challenges.

In addition to fintech software development, Azumo offers other software development services such as mobile app development, cloud computing, and data science. Azumo’s average hourly rate is around $150 per hour, which is a reflection of the quality of service the company provides to its clients. Its clients range from startups to established enterprises across various industries.

15. Adimos

Adimos is a leading software development company based in the United States that offers top-notch IT consulting services to clients. Since its founding in 2007, the business has developed into one of the most recognizable brands in the fintech sector. Adimos has its headquarters in New York City and also has a development center in Eastern Europe.

With over 100 highly skilled professionals on its team, Adimos is well-equipped to handle complex software development projects for businesses of all sizes. Adimos offers transparent pricing and flexible engagement models to ensure that clients can get the most value for their investment.

16. Scalo

Scalo is a software development company based in New York City, USA that specializes in delivering custom software solutions and digital transformation services to its clients. The company was founded in 2015 and has since grown to employ over 50 professionals who are experts in various fields, such as software engineering, UX/UI design, and business analysis.

Scalo’s services include software development, mobile application development, cloud computing, blockchain, and big data consulting, among others. The company works with clients from various industries, including finance, healthcare, and e-commerce, to deliver tailored solutions that meet their specific needs. The company has a reputation for delivering quality work and providing exceptional customer service, which has earned it a loyal client base and positive reviews.

17. LeverX Group

LeverX Group is one of the leading IT consulting companies based in the United States. Founded in 2003, the company has grown to become one of the top providers of technology consulting, software development, and business process services in the country. LeverX Group has its headquarters in New York City, with several other offices across the United States and Europe.

The company’s team comprises over 400 professionals who provide a range of services to clients across various industries, including finance, healthcare, manufacturing, and retail. LeverX Group prides itself on delivering high-quality services to its clients, and its hourly rates reflect the value of its work. The company’s average hourly rate is around $150-$200, which is a reflection of the quality of the services provided by the company’s experienced and highly skilled team of professionals.

18. Surf

Surf is based in New York, USA, and was founded in 2015 with a mission to help clients create seamless and secure financial experiences for their customers.

Surf has a team of experienced software developers and designers who have expertise in creating custom software solutions using the latest technologies. The company’s focus is on creating cutting-edge solutions that can help clients achieve their business goals while providing a seamless user experience.

As of 2021, Surf has around 50 employees who work collaboratively to develop solutions that help clients stay ahead of their competition. The company’s team is passionate about developing solutions that are user-centric, secure, and scalable. Surf’s average hourly rate is around $100-$150, which is in line with the industry standards for high-quality fintech software development. 

19. MindK

MindX is a software development company established in 2016 and a top supplier of specialized software. Based in Houston, Texas, MindX has a team of over 50 experienced developers, designers, and engineers who are committed to providing high-quality software solutions on time and within budget.

They have expertise in Java, .NET, Python, and Ruby on Rails and can develop solutions for industries like finance, healthcare, and retail.

MindX’s hourly rate is competitive with other software development companies, and they offer flexible pricing models to accommodate clients’ unique needs. They’re dedicated to delivering solutions that meet clients’ specific needs and providing ongoing support to ensure project success.

20. Digital Suits

Digital Suits is a software development company based in New York City that provides innovative solutions to the finance, healthcare, and real estate industries. They were established in 2014 and currently employ more than 50 people.

The goal of Digital Suits is to provide superior solutions that enable companies of all sizes to increase their revenue. They have worked with companies like Citigroup, American Express, and Goldman Sachs as clients.

Digital Suits is committed to providing high-quality services at an affordable rate. Their average hourly rate is around $100-$150, depending on project requirements. Due to their dedication to providing value to clients, they have earned a reputation as one of the top software development companies in the USA.


The importance of software development services to businesses has increased in the modern era. From enhancing productivity to improving customer experience, custom software solutions can help companies gain a competitive edge in their respective industries. With so many options available, it is important to consider factors such as location, years of experience, and average hourly rate.

By partnering with a reliable and experienced custom software development service provider or hire fintech software developers, businesses can access the expertise and resources needed to develop innovative solutions that meet their specific needs. Whether you are looking to streamline internal processes or create a new digital product, a trusted software development company can help you achieve your goals.

So, if you are in need of fintech development services, do your research and choose a company that has a proven track record of delivering high-quality solutions. By investing in the right partner, you can take your business to the next level and achieve long-term success.


Q: What is Fintech?

A: Fintech refers to the use of technology to innovate and improve financial services, including banking, investment, and insurance.

Q: What are Fintech software development companies?

A: Fintech software development companies are businesses that specialize in creating custom software solutions for financial institutions or other companies in the financial industry.

Q: What are some illustrations of Fintech software?

A: Some examples of Fintech software solutions include mobile banking apps, digital wallets, investment management software, and online insurance platforms.

Q: Why are Fintech software development companies important?

A: Fintech software development companies play a critical role in helping financial institutions stay competitive by providing them with innovative software solutions that can streamline operations, enhance customer experiences, and improve overall business performance.

Q: How do I pick a reliable Fintech software development firm for my enterprise?

A: Choosing the right Fintech software development company depends on your specific needs and goals. It’s important to research companies, read reviews, and ask for references to find a company that has the expertise and experience to deliver the software solutions you need.