What You Need to Know About Web 3.0

Creating simple yet effective versions of new products, known as Minimal Viable Products (MVPs), is a crucial strategy for improving services and making the most of resources. This method focuses on testing products gradually and getting feedback from those who matter most. In this article, we'll look at what MVPs are and give examples of how they've been successfully used to develop better final products.

What is MVP and Why Create It?

An MVP, or Minimal Viable Product, is an important step in creating new products. It uses a straightforward method where a product is built with just enough features to be usable. This approach allows for regular feedback from users, making it easier to adjust and improve the product over time. Starting with the basics, it helps to quickly see if an idea is worth pursuing, saves time and money, and ensures that the final product meets the needs of its users more accurately before it's fully developed and released.

Benefits of MVP

An MVP offers a cost-effective means of gaining insight into a product's potential early on. It comprises essential features, allowing for validation and subsequent addition of functionalities in the final version. Typically, these features are outlined in the product roadmap. Now, let's explore the advantages of introducing an MVP to the market:

• Time to Market. MVP enables a faster route to market, helping you stay ahead of competitors by launching quicker than with a fully developed product.
• Cost Savings. By creating a basic functional version with innovative features, MVP saves money, which is especially beneficial for startups.
• User Testing. MVP allows real user testing, providing valuable feedback to identify what works and what doesn't, enabling you to add only requested features and reduce market risks.
• Flexibility. MVP offers flexibility in product development, allowing you to adapt based on user feedback and market responses, ensuring the product meets evolving needs.
• Investor Appeal. Utilizing MVP demonstrates the product's real value to users, increasing the likelihood of securing funding from investors, even at the concept stage, before market entry.

MVP Development Team

Creating innovative solutions requires a talented team. This team, made up of different experts, works together to make sure the products they develop are both useful and easy to use. Let's take a closer look at the key roles:

• Project Manager. Leads the team, providing guidance, motivation, and problem-solving support to keep the project on track. They also suggest ideas for making the product better and plan for its future.
• Business Analyst. Focuses on understanding what users need and how they use the product. They use data to figure out how to improve the product and make suggestions for changes or new features.
• UI/UX Designers. Create a user-friendly and attractive look for the product. They make sure it's easy to use and looks good, so people enjoy using it.
• App Developers. Build the product based on the design. They write the code that makes everything work properly.
• QA Engineers. Test the product to find any problems and make sure it works well. They help make sure the product is good quality and works as it should.

MVP Development Process

Crafting an MVP demands a carefully planned approach to ensure it meets the needs of users and aligns with market trends. Here's a detailed breakdown of the steps to help you navigate this process effectively:

• Market Research. Conduct thorough research to understand the MVP's purpose, target audience, and competition. Define the ideal customer and assess competitors to find opportunities. Clarify what makes the MVP unique and better than existing options.
• Define Product Value. Clearly explain the problem the MVP solves. Figure out why people would use it and make sure it meets their needs well. Make sure the business model, design, and services all add value for users.
• Feature Prioritization. Decide which features are most important based on what users need and want. Customize features focusing on what's essential for the MVP's success.
• Budgeting and Resourcing. Develop the MVP within a reasonable budget to save money. Decide whether to use your team or hire outside help. Consider hiring professional MVP developers for specific tasks.
• Development and Iteration. Build a skilled team, using outside help for convenience. Focus on making the MVP user-friendly and useful. Keep improving based on user feedback to make it even better.

MVP examples

Even the biggest names in the business world started small: launching a basic version of their product, known as a Minimal Viable Product (MVP). These early versions were their first steps, proving there was a real demand for their vision. By smartly using MVPs to engage early users and gather crucial feedback, they laid the groundwork for what would become global success stories.

Dropbox - Cloud Storage

Dropbox is a classic example of an MVP that used a simple video demonstration to validate consumer interest and market demand for cloud storage solutions. Without initially developing the technology, Dropbox focused on showing potential users the ease and functionality of file syncing across multiple devices. This approach allowed them to gather significant interest and feedback, for refining their product and scaling their user base effectively.

Airbnb - Accommodation Sharing

Airbnb started with a basic website that offered short-term living quarters, breakfast, and a unique business networking opportunity for attendees of large conferences who had trouble finding accommodation. Using their apartment as the first listing, the founders were able to test the market's response to their concept. This MVP proved a demand for such a service, paving the way for the platform's evolution into a global peer-to-peer accommodation service.

Zappos - Online Shoe Retail

Zappos began as a simple website testing the online demand for shoes. The founder, Nick Swinmurn, started by posting photos of shoes from local stores without actually holding inventory. When a pair was ordered, he would purchase the shoes from the store and ship them to the customer. This MVP approach validated the concept that people were willing to buy shoes online, leading to the development of a billion-dollar e-commerce platform.

Uber - Ride Sharing

Uber's MVP started in San Francisco as a simple mobile app that connected users with luxury car services. The initial focus was to solve a specific problem—finding a reliable ride in the city. By limiting the initial service to a small market and focusing on a premium service, Uber was able to refine their model, understand user needs, and eventually expand to offer various transportation options globally.

Spotify - Music Streaming

Spotify's MVP tackled the issue of illegal music downloads by offering a legal streaming service with a vast library of songs. The initial product was a desktop application that provided free, ad-supported music streaming. By addressing copyright issues and focusing on user experience, Spotify was able to demonstrate the viability of streaming as a business model, leading to partnerships with major record labels and a rapidly growing user base.

Conclusion

Creating an MVP demands careful planning and execution. MVPs offer advantages such as quicker market entry, cost-effectiveness, and user-focused design. By adhering to the MVP development process, organizations can drive innovation and enhance customer service in the dynamic industry. Ready to develop your MVP? Contact us to start right now.

In recent years, mental health has taken center stage globally. Currently, approximately 792M people globally have mental issues and lack access to traditional therapy due to financial constraints or societal stigma. The best way to solve the issue — is to go digital. That is where mental health app development comes into play. It cuts costs and makes mental health available to everybody around the globe. 

As to the market, in 2024 alone, the app market saw expansion to approximately $7.38B. In a decade, forecasts promise growth up to nearly 10% annually, scorching $17.52B. 

If you are ready to build a new solution — now is the perfect time to start. Below, we will explain how to develop a mental health app, share standout mental health app ideas, and highlight key factors to keep in mind.

Why mental health apps are in demand

Even though people have faced mental disorders throughout the entire history, only in recent years solving these problems become normal and generally accepted. And it won’t stop. Let’s numbers speak louder — according to 2019 alone, the global capitalization for the global antidepressant market was estimated at $11.67B. By 2027, the market promises to grow to a record $18.29B. 

Of course, depression is not the only issue. According to the World Health Organization (WHO), there is a growing tendency for PTSD, anxiety, and OCD (due to economic instability, military conflicts, pandemics, as well as personal problems). 

Additionally, the fast-paced world daily brings panic attacks, triggers, and burnout (prevalent among doctors, teachers, and IT workers). Youngsters are prone to issues, too; among the most “popular” — are low self-esteem and social isolation.

Financial constraints and a lack of free time put hefty pressure on those who need a traditional approach to addressing mental problems. Then, an in-person visit to a psychologist or psychiatrist becomes a real luxury. But what if there is a more efficient, accessible alternative? That’s where developing your mental health app comes in.

Business and monetization models of mental health applications

For mental health app development, the following monetization models have proven to be the most profitable:

• Fee for the services of real psychologists.
  According to this model, the application acts as a platform, connecting users with professional psychologists, coaches, or therapists (similar to a marketplace with reviews, ratings, cost of services, and other attributes). In this case, the application earns the commission from each transaction (usually 15-30%).
• Subscription-based model.
  This model has a fixed fee for regular access to content and/or services for a certain period (month, year, etc.). If your app has diverse content and functions, offer multiple pricing models. This lets users pick a plan that suits their needs best.
• Freemium.
  These models give free access to basic functionality, with particular features to be paid. Usually, there are personalized recommendations, access to exclusive courses, advanced progress analytics, etc.
• One-time purchase.
  This model involves a one-time purchase of the application, after which the user has access to all its functionality.
• In-app purchases.
  Here, the basic functionality is available for free, but additional materials or services are paid (personalized plans, unique selections of tracks for meditation, etc.).
• Ad-supported model.
  In this case, app is free but includes built-in advertising (banners, videos, native advertising, etc.). At the same time, to improve the user experience, you can offer an option to turn off ads for an extra fee.
• B2B model.
  This model translates into you selling licenses to companies with internal programs to support employee mental health.
• Selling merch.
  This model focused on branded wellness merchandise promotion via scented candles, self-improvement guides, and mindfulness notebooks.

Top mental health apps on the market

Now, let's explore the most popular mental health apps. Perhaps they'll give you extra inspiration for your mental health app development project.

Headspace

Endorsed by the editors of the New York Times and 2.8 million users globally, Headspace is a product of the mental health company of the same name. Its core functionality includes meditations dedicated to improving sleep quality, relaxation, and cultivating mindfulness. They also offer courses on meditation, managing borderline emotional states, and more. Moreover, the platform has scientifically proven results in stress reduction and a user-friendly interface.

Calm

The Calm app is loved for high-quality content and a simple and intuitive interface. by 4.5 million (2023). And it is rightfully so. This app spins everything, from meditation sessions and effective breathing exercises to audio programs that are good for falling asleep faster. As for monetization, there is a free version with limited access.  Full access to functionals is only available with a paid subscription.

BetterHelp

BetterHelp has over 2 million users and connects with licensed therapists via text, phone, and video. Patients must pay a fee to continue their subscription and can also volunteer to donate to others. This app goes far beyond mood issues. It covers complex disorders and symptoms, such as clinical depression and PTSD.

Talkspace

Talkspace provides online therapy with licensed therapists through a tiered subscription model (with health insurance coverage). Moreover, this app is ideal for managing medication treatment and has many formats for direct communication with psychotherapists (including cases of emergencies).

Moodfit

Founded in 2018, Moodfit has become the top mood assistant for more than a million people worldwide. It has personalization options, customized mood data analysis through visualization tools, and mood-improving recommendations. In addition, the app has cognitive-behavioral therapy exercises as a handy and entertaining way to deal with mental issues. 

Woebot

Woebot is a free AI-driven bot founded by Dr. Alison in 2017.  It is based on text format and has cognitive behavioral therapy methods. Initially, this software was intended for youngsters in college and graduate school, but today, people of all ages use it.

Sanvello

Sanvello, created by Dale Beermann and Chris Goettel, provides evidence-based CBT techniques and tools to support mental well-being. Since 2015, the app has offered free features and premium content through subscription or insurance.

Key components of a mental health app

Let's determine what mental health app features should be included by default.

Registration/authentication/authorization system 

The main functionality of this system includes two types of registration: full-fledged, with the user’s email, and fast, through social networks (this is implemented through the OAuth 2.0 protocol, which is suitable for integration with Google, Apple, and Facebook). 

For better protection of user data, use two-factor authentication and store hashed passwords. This can be done, for example, using bcrypt. Additionally, allow password recovery via email or SMS and register log-in/logout events for a data security audit.

User profile

Include the functionality for adding, saving, and changing personal information (name, age, mental health goals), maintaining the user’s activity history (exercise completed, courses, sessions with psychologists, etc.), and privacy settings (public/anonymous profile). Typically, profile data is stored in a relational database (PostgreSQL/MySQL); it is also necessary to set a clear separation between public and private user data.

Home screen and navigation

The home screen should feature a clickable menu, allowing users to update content based on their settings. You can also add push notifications (for example, using Firebase Cloud Messaging). As for the menu, place meditations, psychological tests, stretching, and yoga exercises in text, video, and/or audio format. You can also include real-time communication with specialists via text, voice, and video chats.

Use cloud platforms such as AWS S3 to ensure scalable content storage. If your application is media-rich — add media streaming via HLS. 

Finally, localize content for users from different regions if you plan to maximize your target audience. 

In-app payment system

If you plan to monetize your app through subscription payments or in-app purchases, integrate App Store and Google Play to process payments via the In-App Purchase API. You can deploy the web version via Stripe. Once everything is ready, provide access control based on the paid features.

Analytics and recommendations

Place functionality for tracking user progress and boosting their motivation (e.g., mood changes) and recommendations based on analytics. The latter makes sense to implement using machine learning models (e.g., based on TensorFlow).

What to consider before creating a mental health app?

The basic functionality of a mental health app goes far beyond making it popular and profitable. Therefore, to maximize your chances of success, consider the following factors before creating a mental health app.

Competitive environment

Usually, it involves the user interface, content accessibility, and the quality of the exercises/recommendations. Notably, the Calm application (sleep stories) and BetterHelp (online chat with therapists) are prime examples of such. 

Analysis of bad ratings — matters too. In particular, users usually complain about the high subscription costs, lack of personalization, navigation problems, and negative experiences with customer support service. You can use it to make a competitive feature. 

Target audience

Your target audience — above all. This can be young people (18-35 years old) who need an effective solution for stress management and improving sleep quality. Or the elderly might be searching for a more convenient professional in-home/palliative care format. Finally, it could be corporate clients who want to implement programs for the mental support of their employees. 

Ultimately, user needs may vary. Based on the insights, determine the preferred content format (e.g., meditation, CBT, DBT, video sessions) and presentation style.

Regulatory requirements and user data privacy

The most common and comprehensive regulations are GDPR and HIPAA regulations, which govern the processing of personal data and medical information. To comply with them under the mental health app development process, you must implement data encryption (via SSL/TLS) and ensure transparent privacy policies.

Marketing strategy

To attract a broad user base, create a unique selling proposition. This can be achieved through AI diagnostics, integration with wearable devices via IoT, or simply offering a lower price than competitors. Next, point out the comprehensive marketing strategy. Select the right promotion channels: social media, partnerships with therapists, or advertising through user reviews. is essential for developing a comprehensive marketing strategy. Additionally, to retain users — regularly update content. 

Testing and feedback

It’s better to subject an app with a diverse target audience to beta testing. To do so, find the first users who could be your potential consumers, gather feedback, and optimize the app based on their input.

Financial costs and ROI

Finally, estimate the project budget. It should include development, marketing, updates, customer support, and infrastructure maintenance. Given the costs, you must also estimate how long it will take till your project is profitable. It might be useful for future investors.

What are the main phases of mental health app development?

Now that you have so many insights at hand, you can start the mental health app development process. Let's find out how this happens in practice.

Ideation 

First, define the problem. It is the mental health issues that trouble your audience and their goals. Obviously, your app should cover it. The solution might vary. It could reduce stress, help with sleep, or heal depression. Moreover, in the very first stage — conduct a competitive analysis. This will help identify niche leaders, find the target audience, and formulate a USP.

Planning 

At this stage of the mental health app development process, you will already have enough information to determine the main functionality of your teletherapy application. Select a technology stack (or at least decide whether it will be a native or cross-platform solution), and clarify the business model. Based on this, you can calculate an approximate project budget.

Design 

From now on, your mental health app developers can start creating prototypes and gradually turn them into a full-fledged design. Note that to develop mental health apps, you must use WCAG 2.0 guidelines, which ensure all users can access the app's functionality. Once the mental health app design is complete, test usability with real users to refine the navigation.

Development 

The mental health app development process is divided into frontend and backend. The first includes the implementation of the user part of the software, and the second – everything that happens on the server side. As individual modules are ready, your mental health app developers will need to perform unit and integration testing to prevent difficult-to-fix bugs in the future.

Testing 

Once the entire codebase is ready, QA specialists and testers will create test cases to ensure each function works correctly and the app performs well under high user load. This testing also ensures that all user actions within the app are secure and protect their privacy.

Release

Now that testing is complete, and all detected bugs are fixed, you can publish the application in the App Store and/or Google Play (your development team will first need to check whether it meets all platform requirements). After publishing, you can launch an advertising campaign to attract the first users, as well as set up tracking tools like Google Analytics and Amplitude to analyze user behavior.

Post-release support

At this mental health app development stage, you must check your application's speed and stability regularly. You will also need to update/expand its functionality once in a while and optimize what already exists based on feedback from real users. An equally important point is ensuring compatibility with newer versions of iOS/Android.

Challenges in mental health app development

Various challenges can arise during the mental health app development process. Let’s analyze them:

• Compliance with regulations.
  Mental health apps often handle and maintain personal information, including medical data, which imposes obligations on you as a developer to implement GDPR, CCPA, or HIPAA compliance.
• Balance between personalization and privacy. 

While personalization — is a key feature of these apps, it sometimes conflicts with privacy requirements. To address this, implement advanced mechanisms for anonymizing user data, which will reduce the need to send sensitive information to the server.

• Evidence base.
  The content provided by your app must be scientifically sound and effective for users. To do this, you should either accompany all your treatment plans with individual recommendations from real therapists or initially use approaches with proven effectiveness.
• User retention.
  Many users abandon apps after a few days of use, so your app may need additional retention mechanics (such as gamification and adaptive push notifications) that won’t make users feel guilty or overwhelmed.
• Monetization efficiency.
  Most users search for free or cheap health-related apps. At this point, you need to figure out the balance between user accessibility and the financial sustainability of your software.

How much do developers charge to build a mental health application?

The budget for developing a mental health app development depends on its complexity. So, we can't give exact numbers without first discussing your idea with your development team. But the approximate price ranges from:

• $140K for a teletherapy app.  
• $70K for a simple mood-tracking app with self-monitoring features.

Back-end features, like a database and admin panel, are often overlooked in cost estimates. Developers typically include these in the overall pricing for mental health applications.

If you want to get an estimate of your project, please contact us. 

Mental health app design: Best practices

Now, let's analyze several mental health apps (some of which have already been presented to you above) whose design has pleasantly surprised us. Maybe they will help you think better through your mental health app development process. 

Headspace

This app is praised for its simple and minimalistic interface, with bright illustrations and smooth animations that literally "nudge" users to meditate with its help. It is also adapted for beginners and is generally perceived as intuitive. This approach to design minimizes anxiety in users and motivates them to meditate regularly.

Calm

The aesthetics of the Calm app lie primarily in the author's images of nature, a soft color scheme, and smooth animations. Together, they create an atmosphere of relaxation  - that’s what you need to reduce stress. The app also stands out from its competitors with its "sleep stories" that help people with high anxiety fall asleep faster. 

Reflectly

Reflectly's unique design uses artificial intelligence to offer a personalized experience. A clear, user-friendly interface, dynamic prompts, and mood analytics complement this. Together, these features make the app an ideal choice for audiences of all ages.

Daylio

Daylio's intuitive interface is accompanied by simple icons for tracking the user’s mood and activity. Moreover, all these application elements are easy. Developers ensured that performing target actions doesn’t take too long. The application also has a built-in report generator with visualization elements so that users can monitor their progress.

Happify

The Happify app has a gamified interface. It simplifies and informalises the process of improving the psycho-emotional state. The gamification principles here are based on scientific methods to improve mood. So, it does not add to users' cognitive load.

Mental health app ideas to succeed in 2025

In this section, let’s look through the most viral mental health app development ideas so you can pinpoint your project to success:

• Integration of AI.
  AI assistants can help analyze moods and behavior patterns, give personalized recommendations on how to improve well-being, and remind them of any regular upcoming activities, like a daily mood rate system.
• Social interaction.
  This can be implemented via in-app groups of users with similar mental problems where they could share their healing experiences and receive mutual support.
• Integration with wearable devices.
  Through the IoT, you can analyze heart rate, assess stress levels, determine sleep quality, and create a common mental health map.
• AR and VR tools integration.
  It might be useful for relaxation (to enhance the immersion effect).
• "Instant help".
  Through the screen for quick access to ready-made materials and an online chat with a psychotherapist.
• Content specially adapted for children and adolescents.
  For example, these could be games for managing emotions or recommendations for teenagers on dealing with anxiety and stress;
• B2B solutions for companies.
  in particular, these could be psychotherapeutic assistance to prevent burnout.

Highlights of our experience in delivering healthcare solutions

Finally, we'd like to share our experience developing a mental health app. A client approached us to expand their services to the web, specifically to support small businesses recovering from the recession caused by the coronavirus pandemic. The objective was to create a platform to attract a target audience seeking health-related products and services.

For this project, we assembled a team of ten specialists. We chose Ionic and Vue.js for the frontend tech stack, with Laravel for the backend. The result was an online platform featuring a simplified login process, the ability to schedule and reschedule meetings between clients and trainers, an intuitive search for events and classes, role-based access, and an integrated payment system for online payments (covering group and individual courses, as well as event participation). We also implemented live session connections via Google Meet and Zoom. The solution was complemented by a clean, minimalist design with a calming color scheme, ensuring a pleasant and user-friendly experience.

If you want to learn more about this project, please follow this link.

Final thoughts

With this comprehensive guide, you can confidently start looking for specialists who would bring your idea to life. Don’t go any further, as you are already in the right place! Just fill out this form, and our mental health app development team will contact you as soon as possible!

These days, Fintech is becoming one of the world's fastest-growing industries. Every year, the number of new Fintech startups increases. In 2024, more than 13,000 such enterprises were recorded in the Americas.

Financial technologies include online banking applications, lending platforms, trading platforms, and robo-advisor apps for investing and budget planning. All these innovations demand top-notch Fintech solutions to serve customers, so aspiring Fintech startups need to find a talented team that can build an advanced product.

Key considerations when hiring

Before hiring a FinTech development company, it’s crucial to ensure the specialists have all the essential hard and soft skills. This way, the Fintech application project will have more chances to succeed. So, to hire reliable developers for your project, you need to understand the essential compliance requirements, which you will need to check. 

What are the must-have competencies of web development companies for Fintech?

• Technical knowledge. The company's developers must be well-versed in all the necessary coding languages, frameworks, technologies, and security norms. 
• Background in your niche. Check if a company has a portfolio of projects related to the financial field. 
• Familiarity with applicable finance legislation. The company must know industry norms such as PCI DSS and GDPR.
• Social skills. Seek a team that is able to ensure transparent communication, flexibility, well-organized teamwork, and attention to detail.

Experience in FinTech

Familiarity with the industry is obligatory for financial services development because the specialists must comprehend the main finance principles. A deep understanding of monetary standards and risk management allows developers to craft solutions that meet the niche requirements. Look for a company that has worked on apps or websites for mobile banking, budget management, cryptocurrency wallets, or other products related to Fintech app development. 

Technical Expertise

First of all, make sure the tech specialists know the necessary programming languages. For instance, frontend development for Fintech may require knowledge of JavaScript, libraries and frameworks such as React.js, adaptive and cross-browser layouts, as well as principles of responsive web design and great user experience. At the same time, Python paired with Node.js may be useful for backend development for Fintech.

Secondly, developers must ensure the product's security. To achieve this, they must understand finance APIs and data encryption protocols. Similarly, implementing secure coding methods and following best practices are critical to providing data security. Additionally, expertise in cloud and blockchain technologies can be vital for the safe and reliable launch and scaling of Fintech products.

In many cases, especially for lending platforms, a key functionality is digital credit scoring — the ability to assess a user’s creditworthiness based on real-time data automatically. Implementing such systems requires backend development expertise and experience working with financial scoring models, third-party data providers, and data compliance protocols. A development partner with proven experience building custom scoring logic can help you avoid regulatory risks and launch a more competitive product.

Security and Compliance Knowledge 

Fintech solutions must meet the latest regulations and standards for user data security. Since Fintech startups and online banks carry sensitive customer data, they are often victims of cyber attacks. That’s why there are legal regulations aimed at the safety of clients and ensuring secure accounting transactions. So, to get secure Fintech development services, check if a company has relevant experience and understanding of the best practices in data protection along with industry norms such as PCI DSS and GDPR.

Communication and Collaboration

Effective communication is crucial for successful Fintech website development. A simple and streamlined interaction provides quick response, the ability to adjust tasks quickly, and full transparency of their implementation. Also, the tech team members must evolve their problem-solving skills, be adaptable, and demonstrate excellent collaborative skills. The last thing can be reached only by an experienced provider, so you should assess the management style in a company.

Research Potential Partners 

Before hiring a Fintech development company, conduct research on your own. A company must have a website providing all the information about its expertise, portfolio, and contact details. Besides, don’t forget to check customers’ testimonials to determine the quality of the services provided. Likewise, case studies of Fintech projects will best demonstrate a company’s expertise and outcomes achieved. 

Develop a Request for Proposal

When you already have a candidate for possible cooperation, the next step is to write a project proposal. Initially, you need to define the project's goals, target audience, desired functionality, and budget. This process will help your possible contractor fully understand your business demands and provide you with a personalized offer.

Conduct Interviews

While conducting a technical interview, ask detailed questions about the development process to check your possible contractor’s skills. Secondly, the organization's leadership style and structure should be analyzed. Inquire about any cross-functional initiatives the company has worked on.

It’s also important to find out who is on the team. In addition to the usual members of a tech team, such as a technical lead, developers, and QA testers, there should also be an expert who works on UI/UX design for Fintech. And, of course, don’t forget to ask about their previous experience in the niche and evaluate their grasp of your business needs and vision of the product.

Portfolio Review

When selecting a software development company, experience is a key consideration. And the easiest way to assess it is by checking the portfolio. Companies that have been on the market for a while usually have numerous projects. However, you need to pay the strongest attention to those connected to the Fintech industry. Check for mobile banking apps, home loan calculators, or trading tools technologies to make sure their design, usability, and the achieved results are close to your goals and needs. 

Conclusion

Developing a Fintech product is not an easy task. Besides the fact you need to retain customers by providing an outstanding service, you also have to worry about things like regulations and data security. That’s why it’s essential to learn how to recruit decent Fintech development specialists. By following the clues given above, you will be able to find suitable candidates.