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Money management apps are a necessity due to the multiple benefits it holds. It not just keeps track of your income and savings but ensures users reach their financial goals by detailed analysis of their income and spending patterns, reports about investments, and how to plan better.

Essential Features
1. Safety and security - Gaining the trust of people that their financial information is safe is of primary importance. It can be implemented by two-factor authentication - username and password or PIN code and password. Blockchain Security ensures the secure sharing of data across platforms maintaining complete security of the user's financial data.

2. Simplified UX design - A simple screen with all valuable information like current financial status, investments, and upcoming bills displayed to users will help save a lot of time and energy. Without any compromise on the quality of UX, a simplified user experience is important.

3. Artificial Intelligence - A lot of fintech apps nowadays use AI for most commonly being used in the form of chatbots to improve interactions with customers, It also helps advise customers in case of negative spending patterns.

4. Customer support - In case of financial matters users expectation is quick response and solutions. 24/7 customer support should be ready to respond to any task at any time.

5. Mobility - When it comes to tracking and managing financial being mobile is of key importance. Your app should be compatible with all devices like iOS, Android, and window devices. This will enhance user confidence in the application.

Our Tech Stacks
Android - Kotlin, RxAndroid, Recommended Android Architecture
iOS - Swift, RxSwift, MVVM
Backend - Rails
Design pattern - MVP, MVVM
Networking - RetroFit

Monetization Model
1. Freemium Model- Many financial apps offer free trials to get consumers on board and later on, charge a monthly fee for continuous usage. Apps like Spendee offer limited features in its free version and charge a fee for the use of premium features.

2. Adv Based Revenues-Lot of budgeting apps earns by displaying ads in the form of banner ads, podcasts, videos, native content. Native content which is a form of paid content like tips for best mutual fund investment integrates seamlessly in the app format without hampering user experience.

3. Product Referrals- Credit score apps like Credit Karma display very targeted products as per your financial history or policy bazaar displaying best insurance plans as per the user's investment pattern. However, the app does not share your data but uses it to show relevant products that may appeal to you. The app earns a commission if you opt for the product.

For the detailed understanding of the app development framework, implementation of key features, development cost read: Key Considerations While Developing A Personal Finance App
Glen 22 may 2020, 7:27

In 2018, approx users for online dating apps were 33.9 million which is projected to reach 37.5 million by 2023. So, when planning to launch your own Tinder-like dating app, here are the key features to be considered.

The swipe - This is Tinder’s USP making it very easy for the users to accept or reject a match just by a swipe.
In-app chatting - Once the user finds the match, they can immediately start a private conversation by chatting. Users can even send and view messages.
Facebook/Google log in - the app automatically fetches data from social media accounts of users making the interface easy and interesting.
Geo-Tagging - The app provides contact or matches preferences as per the user's locations making them reach out to nearby potential matches.
Advanced search filters - The app enables you to adjust the search as per age, location, gender.
Real-time alerts - The app notifies its users whether there is a potential match or a new message.

Revenue Model

Freemium - On popular dating apps, a user spends approx 90 minutes in a day, making them addicted to paying for premium services like tinder offers its users in “Tinder Plus” version option of unlimited swipes, find a match at any location - passport, more than one super like per day, one boost every month, and much more.
Sponsored profiles - Many companies have started partnering with dating apps like Tinder to show sponsored content as profiles. This means whenever a user swipes right a sponsored profile will be visible which will send an automated message about the service or product.
Boost - Boost makes the user profile the top profile in the area for 30 minutes which increases the chances of finding the match.
Offline monetization - App companies are nowadays hosting events for its users giving them a platform to meet without fixing any date and enhancing chances of better connections.
In-app purchases - Give users a chance to make in-app purchases may be for special days like valentine dates, birthdays, etc.

Cost Of Development
App development platform (iOS or Android)
Backend development
Infrastructure cost
App designing and testing
App developer cost
Support system and maintenance

Our Tech Stack
Android - Kotlin, RxAndroid, Recommended Android Architecture
iOS - Swift, RxSwift, MVVM
Backend - Rails
Design pattern - MVP, MVVM
Networking - RetroFit

To understand the complete framework, how to implement key features, and case studies of successful dating apps you can read here Things To Consider While Creating A Dating App That Meets User Expectations
Glen 15 may 2020, 15:25

Retail Automation Realities
Automation in the retail industry is shifting the existing business models. So it’s a good idea to start with finding out what the new realities are.

Retail automation: demand, not an option
There's no way to compete on the fast-changing market with increased retail-margin pressure, investments in e-commerce, lack of specialists – and thus a high demand on them – using traditional cost-reduction means. That's primary why retailers are turning to automation to support and increase their profits.
cleveroad 2 july 2019, 8:30

What is Uber for X?
In Uber for X, ‘X’ means any deliverable service in the market. How does it work? First, customers connect with service providers by placing their orders via mobile app or website. Then, the provider looks through and accepts the request, and – if everything works for them – delivers the service.

In different Uber-like apps, connecting buyer and service provider sometimes takes more than pressing a button. But that’s still the main concept of it. Mostly, Uber for X platforms have a variety of in-built filters making the search process both very fast and convenient.
For example, to get from point A to point B all Uber users have to do is to place a request, and wait for matching with a driver. Few minutes – and the car’s right at the corner.
cleveroad 25 june 2019, 11:25

These days, the question of how to make a booking app for hotel rooms is quite relevant for diverse groups of people. The success stories of such mammoths as Airbnb and Booking.com have pushed the eTravel industry forward stimulating a phenomenal growth. In fact, this is why not only hospitality professionals are wondering how to create a booking app but many startuppers and entrepreneurs from various industries too.

This article is written with the intent to help you create a booking app and make this process less questionable. I'm going to guide you through the hotel booking app market, show the most suitable basic and additional features, monetization models, and many more.
cleveroad 14 november 2018, 9:33

Telecom businesses must now deliver seamless, high-quality voice transmissions, multimedia services and high-speed data transfers in multi-device and mobile environments. Traditionally, telecom's have been very quick to react to new developments and technological advances, such as the internet and cell phones. However, they seem to be faltering, especially in the area of revenue generation, with their latest challenge — OTT content providers.
ajayjay 12 november 2018, 15:22

Dating app development can be both profitable for you and a good solution for people that want to find a soulmate. So check this article out to see how to build your dating app.
How to create a dating app

To give you a hint on how to create a dating app, follow these steps below:

Step 1. Study the functionality principle of the dating app
Step 2. Analyze main benefits before you build a dating app
Step 3. Create the structure and design of a dating app
Step 4. Use a right tech stack to create dating app
Step 5. Add MVP features to your dating app
Step 6. Choose your monetization way
Build an app structure and design

When we have listed main benefits, we can proceed directly to the development process and start with making a dating app structure. Let's see how to do it!

Choose a catching name
'Catching' word is the most appropriate word in this case. People need to remember the name of your service, it should be short and associative so users will be able to hear it once and remember forever. Word of mouth will also work here since users will share the name of your app with their friends.

Determine your target audience
What is the age range of users you create an app for? Of course, you can create a general dating app that can meet the requirements of both youth and an older generation. Ok, then, what will be a distinctive feature of your app? It will be similar to other counterparts and you will gain nothing. So, it would be a better option to create an app for a specific audience, a specific region and so on. It will help your app stand out from the crowd and achieve a success.

Make an amazing UI/UX design
The interface of the app should be catchy as well so users will feel positive when they start using it. Keep up with a simple principle - build simple and intuitive design. Users want to deal with a clear UX that is not extremely unique and that isn't confusing. As for UI, bright colors and clear buttons will surely be adopted well by users. Don't complicate - and you will succeed!

Deal with a marketing plan
Apart from good design and the right target audience, you shouldn't ignore brand promotion and increase your customer base when you create your own dating app. That is why you should create a marketing plan and think over each step to increase customers' loyalty and engage more users to your app. Marketing plan plays a very important role in the brand promotion and it should be competent, so mind it.

So when you decide on how to make a dating app for Android or iOS, these 4 simple steps will help you create an overall structure of your dating app and promote it wisely.
cleveroad 22 october 2018, 8:15

WhatsApp: its role and history

WhatsApp was founded by Jan Koum and Brian Acton in 2009. At the end of the year, it was launched on the App Store for iPhone with no alternatives in the world at the time.
This application, referred to as an instant messenger, was intended to give users an opportunity to exchange messages in real time using mobile Internet or WiFi. Today WhatsApp is available for all popular mobile operating systems.

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cleveroad 14 september 2018, 15:36

Forbes magazine has published a splendid article about the history of Dropbox that is one of the most successful startups in the world of IT-industry in recent years.

Drew Houston has gotten the startup idea on the bus from Boston to New York. The journey was four hours, Drew took a laptop, but he forgot the flash drive, so he did not have any files to work in his notebook. Drew started to write a code to synchronize files over the Internet on the bus. Four months later, he flew to San Francisco to present his technology in the startups incubator of Paul Graham (Y Combinator), but he refused to accept the project until Houston finds a co-founder. Only after that they gave 15 thousand dollars for development of the project. This money was enough just to rent an apartment and to buy a mackintosh.

One of the bright moments in the history of Dropbox is a meeting with Steve Jobs in December 2009, when Apple's CEO tried to persuade the young startup founders to sell the project. Steve Jobs said that Apple will come on this market soon, and Dropbox is a feature, not a product.
Pirat 21 october 2011, 16:42

The website habrahabr.ru has a lot of articles about the completed projects (startups), advice on how to become successful and how to finish the game.

So, advice on how to fail the project:

1) If you need in a project graphics, everyone should try to be an artist in the team. If the job is given to one artist, all should to take part in the discussion of result, give advice and generally help in every way. The artist constantly should redraw and revise in order to please everyone at once. In general, democracy is the best way to solve all the problems in the project.

2) The concept is not needed, why should you waste the time? The main thing is to start as quickly as possible to write code and the ideas and concept should come on the way. Who will quickly begin to program that will be able to book the most interesting tasks.
Tags: advice, startup
Pirat 2 september 2011, 11:08
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