Tarun Nagar 
Do you want to build an app like Brigit? If yes, you are at the right place. This blog will provide the complete information you need to turn your Fintech app development vision into reality.
You can take out a modest loan from your next paycheck before you receive it by using an instant cash app like Brigit. It has shown to be very helpful in avoiding costly overdraft fees when you need cash. With a compound annual growth rate (CAGR) of more than 14% from 2024 to 2029, the size of the global fintech market is predicted to be USD 312.92 billion in 2024 and USD 608.35 billion by 2029. Hence, the success of the fintech market is an aspiration for businesses to invest in fintech app development.
If you also want to build an app like Brigit, read this blog. It will delve into the critical considerations and major steps required in embarking on the development journey of your money-lending app.
Table of Contents
What Is a Brigit App?
Brigit is a fintech app that helps individuals manage their finances and avoid overdraft fees. The app helps analyze user’s buying patterns and bank account balances to forecast if they want overdraft fees. Brigit App offers a credit builder service, allowing users to apply for a 24-month loan. It guarantees to keep the loan secure in deposit accounts, and at the end of the user’s loan period, their deposits pay off the Brigit loan, strengthening the user’s credit history.
With this understanding, if you also want to build an app like Brigit, get assistance from the mobile banking app development company. The company’s experience, skills, and financial industry knowledge will help you in developing a finances tracking app development.
Market Stats of Brigit App
- With an AUM of US$80.08 billion in 2024, Digital Assets will be the largest market.
- In the digital assets sector, the average annual maintenance income (AUM) per user is expected to reach US$96.05 by 2024.
- In 2025, the market for digital assets is projected to increase at a rate of 17.38% in revenue.
- It is anticipated that there will be 4,805.00 million users in the digital payments sector by 2028.
- Digital asset market total assets under management (AUM) is expected to reach US$80.08 billion by 2024.
- The worldwide fintech business saw a strong increase in income between 2017 and 2023. The sector was projected to generate 79.38 billion dollars in sales overall in 2023.
- As per Statista Market Insights, there is a projected surge in the worldwide fintech sector’s revenue in the upcoming years, with a projected total of around 141.18 billion US dollars by 2028.
Top 5 Fintech Apps Like Brigit
An in-depth look into the digital realm where apps like Brigit help users by lending money when their wallet’s on a diet. Examining the financial planning app market and observing all these tools will assist them in choosing the newbie buddy for your pocket. Hence, if you want to develop a wealth management app like Brigit, the services of the following apps will help you understand the user’s needs.
| Apps | AVailable Platform | Rating | Downloads |
| EarnIn
|
Android | iOS | 4.6 | 5M |
| Stash
|
Android | iOS | 4.3 | 10M+ |
| EveryDollar
|
Android | iOS | 3.4 | 1M+ |
| Myfawry
|
Android | iOS | 3.8 | 5M+ |
| Empower | Android | iOS | 4.2 | 1M+ |
1. EarnIn
The app lets users access their paychecks early based on the hours worked. To build an app like EarnIn, your app should help people manage their money flow without incurring fees or interest between paychecks.
2. Stash
It’s an investment application that offers fractional shares and personalized portfolios. For new users, you must develop a fintech app like Stash that facilitates friendly educational resources that enable users to invest in retirement accounts, equities, and exchange-traded funds.
3. EveryDollar
It’s a budgeting application document on zero-based budgeting. For your app’s success, build a fintech app like EveryDollar that allows users to create budgets, track expenses, and keep tabs on their financial objectives.
4. Myfawry
These platforms facilitate mobile top-ups, bill payments, and online purchases. You can build an app like Myfawry by allowing users to handle their financial transactions more securely and efficiently through your application.
5. Empower
It’s a personal financial application that offers budgeting tools, cash advances, and automated savings features. Hire android or iPhone app development company to enable users track spending, save money, and optimize their financial health by providing customers with relevant information and recommendations.
7 Key Steps To Build an App Like Brigit
Now that you have understood what the Brigit app is and why it is used, let’s jump over some steps to let you get started with the development process to build an app like Brigit. As per the mobile app development company in USA, building a cash advance application requires careful planning, development, and implementation. Following are some critical steps that you need to consider:
2. Choose the Right Tech Stack
5. Testing and Quality Assurance
1. Conduct Market Research
First, to build an app like Brigit, discover the user’s requirements and appreciate their challenges. It will help create app apps that meet users’ needs and provide a viable alternative. Moreover, you are advised to examine pricing, features, and user evaluation of fintech apps available in the market, providing you with vital information to stand out.
2. Choose Right Tech Stack
After conducting market research, it’s time to choose the right tech stack to build an app like Brigit. In this, you can get help from a professional with a good knowledge of what tech stack will suit your app development. So, hire dedicated developers to choose appropriate technologies for both the backend and front end to ensure your app’s optimal performance, maintainability, and scalability.
3. UI/UX Design
UI/UX is very critical to make your app successful. It would help if you designed your app interface focusing on accessibility and usability to enhance user satisfaction and retention. As apps should be user-friendly and visually appealing, hire android app developers or iPhone app developers. Prototyping, wireframing, and user testing help refine the app’s design and ensure it aligns with users’ expectations and preferences.
4. App Development
Once the design is finalized, develop the core features, including user authentication, transaction tracking, account management, and more. When creating the features, pay attention to detail and adhere to best practices. For this, you should hire an iPhone or Android app development company that can follow agile development methodologies, allowing flexibility in responding to changing requirements.
5. Testing and Quality Assurance
Now that your money lending app is ready, you must test it before introducing it to the market. Without working on this stage, no app development process is complete as it verifies the app’s functions. To complete this stage, you are advised to hire developers in USA as professionals can effectively identify and address the glitches and bugs in your fintech app.
6. Launching and Marketing
Launching and marketing are vital to your app’s success as they help gain traction and track users. You must develop a well-planned launch strategy and targeted marketing efforts across different promotional channels such as content marketing, social media, and app store optimization. To maximize visibility and user acquisition, you should collaborate with a fintech app development company, helping to build an app like Brigit.
7. Scale and Maintenance
This is the final stage, where scaling your app to accommodate a growing user base and maintaining its performance is crucial. Here, you need to keep your app up-to-date. Hire mobile app developers to regular updates with bug fixes, new features, and security patches so your app remains competitive and simultaneously meets users’ requirements and business goals.
10 Must-have Features of a Fintech App Like Brigit
What can make your app successful? The feature! The feature you add can help in your fintech app, but you have to be strategic about it. Investment app development services provider, you should prioritize the features that can add value to your cash advance app. Hence, this blog section will compile 10 must-have features that will add value to your app while also booting usability for the users.
1. Signup/ Login
Ensure a quick and seamless registration process for users, focusing on user experience and through verification to safeguard their financial interests.
2. On-demand Function
Build an app like Brigit that allows instant access to funds when required, ensuring convenience and flexibility for users.
3. Options For Repayment
The credit borrow app development must facilitate several replayer options tailored to users’ preferences and financial situations.
4. Quick Notification
Add on the feature of quick notification in your app that informs users about transactions, balances, and account activists for real-time awareness.
5. Messaging
Build an app like Brigit, enabling communication for lenders and borrowers to communicate regarding negotiated terms, and establish trust in the lending process.
6. Cards (frozen or unfrozen)
The feature allows the freezing or unfreezing of debit cards for enhanced security and control that ensures privacy for users’ data.
7. Loan Calculator
The feature offers a ballpark calculator for the sum owed after interest to users. It encourages users to make wise decisions.
8. Credit Score Improvement
The feature enables users to track real-time rent payments and report them to credit bureaus. It increases their credit rating, facilitating a benefit in credit-building.
9. Transfer and Withdrawals
Your app must provide different options for browsers to withdraw or transfer accepted loans, such as withdrawals into a selected bank account and then transfers to specified cards, etc.
10. Bank Account Analysis
It allows users to obtain a better understanding of their money and make wise decisions to attain their financial goals by using this feature.
All the above mentioned features will be helpful for you in making your app successful. However, if you want to integrate advanced features in your app, it may impact the overall mobile app development cost.
How Much Does It Cost To Build An App Like Brigit?
It’s not feasible to estimate the cost to build a personal finance management app. If you want to create an app like Brigit, the cost depends on the app’s complexity, tech stack, features, and so on. On average, the Brigit app development cost ranges between $8000 to $25000 based on the app’s complexity.
Fintech App Types and Complexity
| Based On Complexity | Estimated Cost |
| Simple App | $8000 – $15000 |
| Moderately to Complex App | $15000 – $20000 |
| High-end (highly) Complex App | $25000+ |
It’s just an estimation of the cost to build an app like Brigit. If you want to know more. Consult with an expense management app development company. The expertise of a professional will give you the time to develop a fintech app successfully within your budget.
How Much Does It Cost To Maintain An App Like Brigit?
The mobile app maintenance cost can be different depending on numerous elements. You must invest around 15 to 20% of the overall app development cost for your app’s maintenance. A fintech like the Brigit app requires ongoing maintenance to ensure its security, functionality, and compatibility with evolving operating systems and devices. Moreover, regularly monitoring and optimizing your app’s performance is critical to providing users with a seamless experience. So, you are advised to hire a mobile app maintenance services provider to handle the maintenance tasks.
How Can Dev Technosys Help You to Build an App Like Brigit?
Nowadays, the success of money management apps is not a secret. Applications for payday loans are in demand, opening new revenue streams for fintech businesses. Embarking on the journey to build a fintech app involves a meticulous process that combines user-centric design and innovative features.
If you want to build an app like Brigit, work with a professional who understands the field and user expectations from your app. Dev Technosyys is a leading mobile app development company in India. It not only streamlines the technical complexities or issues but also assist businesses enhance their application’s overall quality and functionality.
Frequently Asked Questions
1. How Much Does It Cost To Build A Fintech App?
The fintech app development cost ranges from $8000 to $25000+ depending on complexity and features such as user authentication, data security,and budget tracking.
2. What Time Period Does It Take To Make An App Like Brigit?
Building a fintech app typically takes 3 to 8 months, considering development, design, testing,and deployment stages.
3. Why Should Businesses Invest In Fintech App Development?
Business are advised to invest in developing fintech app for following benefits:
- Enhance financial services
- Streaming operations
- Improv customer engagement
- Capitalize on emerging digital trend in finance industry
4. Will The App Development Company Provide Support And Maintenance?
Yes, the money control app development company will provide support and maintenance service after launching your application in the market. It ensures app’s performance and compatibility with evolving p;atforms and technologies.
