How Much Does It Cost To Build An App Like N26

How Much Does It Cost To Build An App Like N26 – N26-like apps are undoubtedly ruling this world since users are switching their banking needs toward the digital landscape. However, with its extreme success, many startups or entrepreneurs look for ways to develop app like N26. 

But let’s be honest with you, while you may get an app like N26 development anywhere, having the right quality work that is more effective in bringing a huge audience to your brand can be a difficult task. In fact, one of the biggest concerns anyone can go through is how much will the investment cost in the development of app like N26.

You always need an ideal and the best mobile app development company that will help build an effective NEO bank app for you. And that company is none other than the RichestSoft. So, have you decided to develop app like N26, but baffled by the cost concern? 

Don’t worry, keep reading this post! Below we have shared a guide that will help you know about the right cost of N26 like app development. 

First, let’s have a short understanding of the marketing stats of the N26-like app so that you won’t doubt your app development decision, and invest with no stress. 

Marketing Stats Of NEO Banks 

• Transaction value in the Neobanking market will reach over US$1.79tn in 2024.
• Transaction value is expected to show an annual growth rate (CAGR 2024-2028) of 11.83% resulting in a projected total amount of US$2.80tn by 2028.
• The average transaction value per user in the Neobanking market amounts to US$28.85k in 2024.
• From a global comparison perspective, it is shown that the highest transaction value is reached in the United States (US$1,785.00bn in 2024).
• In the Neobanking market, the number of users is expected to amount to 80.78m users by 2028.
• User penetration will be 18.27% in 2024 and is expected to hit 23.35% by 2028.

Source: Statista

Development Cost To Build an App Like N26

Well, cool down your concern since we are here to help you. Talking about the app development cost of N26, it is usually around $30,000 to $3,00,000. But remember this cost range is just an estimate, it typically depends on various factors. 

Usually, people get into the trap of fraudulent companies, taking an unexpected amount for the development of N26-like apps, that come nowhere to the exact cost range. In fact what result do you think you might get after investing a huge amount? Only disappointment and nothing else! 

But don’t worry! Here is the right cost knowledge about the NEO banking app development in detail, explained with each factor affecting it: 

Note: These costs are just the estimated range. However, these estimates can vary greatly depending on factors. Additionally, ongoing maintenance costs may include server hosting fees, bug fixes, updates, and customer support.

5 Main Factors Affecting the Development Cost of App Like N26 

• Features Complexity 

The more complex the features required in the app, the higher the development cost. Features like budgeting tools, multi-currency support, security measures, and transaction categorization directly enhance development time and effort.

Costing range: $10,000 to $100,000+ depending on the complexity and number of features.

• Design and User Experience (UX/UI)

The complexity of the app’s design, including user interface (UI) and user experience (UX) elements, affects the development cost. Intricate designs, animations, and custom graphics require more time and resources from designers and developers.

Costing range: $5,000 to $50,000+ depending on the level of customization and complexity.

• Platform Compatibility

Developing an app for multiple platforms (iOS, Android, web) increases the cost compared to focusing on a single platform. Each platform has its development requirements, UI guidelines, and testing processes, leading to additional expenses in development and maintenance.

Costing range: $5,000 to $30,000+ per platform depending on complexity.

• Security Measures

Apps like N26 need to comply with various regulatory standards and security measures, such as GDPR, PCI DSS, and financial industry regulations. Implementing robust security features and ensuring compliance with these standards require additional development time and expertise.

Costing range: $10,000 to $50,000+ depending on the level of security required.

• Integration with Third-Party Services

Integrating the app with third-party services such as payment gateways, financial APIs, identity verification systems, and data analytics tools adds to the development cost. The complexity and number of integrations needed impact both time and resources.

Costing range: $5,000 to $50,000+ depending on the number and complexity of integrations.

So these are some of the factors affecting the cost of developing an app like N26, also it can vary widely depending on the specific requirements, features, and quality standards. Generally, it can range from $30,000 to $300,000 or more. However, these estimates are subject to change based on the developer’s rates, project scope, and other variables.

Mobile App Development At RichestSoft With More Accuracy

What comes to your mind after hearing about the best mobile app developers? Nothing but confusion?  

Jokes apart! On a very serious note let us tell you your investment is a waste of money if your app isn’t working as you expected while getting it developed. That’s why hiring the best mobile app development company is more important than anything. And RichestSoft is one ideal company that will build a unique app for you and help you stand out in the marketplace. 

We understand our client’s concerns and we set ourselves apart by providing innovative solutions that offer a competitive business edge and flawless integration with the wide wor. As part of our commitment to offering limitless outcomes, we distinguish ourselves from the competition by offering the following: 

• Superior services are what distinguishes our dedicated mobile app developer team from the competition.
• Our project-based methods and software development capabilities are always available to our clients.
• If you choose us, you may collaborate with devoted Android app developers who provide a variety of engagement techniques to produce first-rate custom mobile app development.
• Our team expansion service is beneficial to clients who want to expand their workforce and hire more workers with the skills that their business needs.
• Owing to their extensive training and experience, our app development team adhered to several protocols to ensure an excellent outcome.

Conclusion

So, we hope our guide was helpful for you in understanding the overall, development cost to build app like N26. And don’t forget to get in touch with a mobile app development company, which is none other than RichestSoft itself.  We are the best on-demand mobile app development company, that ensures accuracy and quality work. Our team is truly dedicated and responsible and works hard to provide an effective app that stands out in the marketplace.