How much does a fintech app cost in the UK?

Fintech MVPs typically run £40,000–£80,000 (regulatory burden adds 25–40% vs an unregulated build). Full production fintech apps land £80,000–£300,000+ depending on FCA permissions, Open Banking integration and KYC/AML scope. Magora publishes pricing openly: free working prototype, £3,000 Discovery, then fixed-price quote for the build.

Is FCA approval needed for my fintech app?

Depends on what your app does. Payment initiation, account information services, e-money issuance, lending, investment advice and crypto-asset services all trigger FCA permissions. Pure data / dashboard products usually don't. Magora's Discovery phase includes a regulatory scoping conversation — if FCA permissions are needed, we partner with specialist counsel and structure the build for principal/agent or appointed representative routes where appropriate.

How long to build a fintech MVP?

A coded fintech prototype lands in 5–10 working days (free). A production fintech MVP — one or two flows fully working, FCA-compliance-ready scaffold, KYC/AML integration, single platform — ships in 8–12 weeks. Full production fintech apps with Open Banking + multi-platform run 4–8 months end-to-end.

Do you handle PSD2 and Open Banking integration?

Yes. Magora has shipped Open Banking integrations using TrueLayer, Plaid, Yapily, Tink and direct ASPSP APIs — covering account information services (AIS), payment initiation (PIS), strong customer authentication (SCA) flows and the consent / re-consent lifecycle. PSD2-compliant architecture, audit logging and data-residency in UK / EU regions.

What about KYC/AML compliance?

Magora integrates with leading KYC/AML providers — Onfido, Veriff, Sumsub, ComplyAdvantage, GBG — covering identity verification, document checks, biometric liveness, PEP / sanctions screening and ongoing monitoring. AML risk scoring, transaction monitoring rules and SARs workflows scoped during Discovery alongside the broader FCA conversation.

Can you integrate Stripe, Plaid, GoCardless?

Yes — all three plus Adyen, Checkout.com, Mollie, TrueLayer, Yapily, Tink, Wise, Modulr and Currencycloud. Standard pattern: Stripe for cards, GoCardless for Direct Debit, TrueLayer / Plaid for Open Banking AIS+PIS, plus a UK-licensed BaaS provider (Modulr / Currencycloud) for safeguarded e-money accounts where the licensing model requires it.

Do you build neobank features?

Yes. Magora has shipped neobank-pattern features — KYC onboarding, safeguarded account creation via a BaaS partner (Modulr, Currencycloud, ClearBank), card issuing, real-time ledger, instant notifications, multi-currency wallets, savings pots and PFM categorisation. Full neobank builds are typically 6–12 months and £200,000+; feature-level integrations into an existing product start at £40,000.

Is your fintech work GDPR-compliant?

Yes — and that's table-stakes for fintech. Data-minimisation review during Discovery, consent flows, data-subject-access tooling, encrypted-at-rest storage (AES-256), audit logging, UK / EU data-residency by default, FCA-aligned data retention, and the documentation pack required for ICO and FCA inspections.

Can you build crypto wallets?

Yes — custodial and non-custodial. Custodial wallets via licensed partners (Fireblocks, BitGo, Copper) for institutional flows; non-custodial wallets using WalletConnect, MetaMask Snaps and bespoke key-management for consumer products. UK MLR / FCA crypto-asset registration scoped during Discovery — that pathway has tightened a lot since 2023 and we will flag the realistic timeline upfront.

What's the typical fintech team size?

Magora's default fintech team: senior Product Owner, senior backend lead (Laravel / Node), senior mobile or web lead, 1–2 mid-senior engineers, dedicated QA, and a part-time compliance reviewer. Typically 4–7 people end-to-end. Same team from kickoff to handover — no staff augmentation, no rotation, no junior swap-outs after sales.

London office · Strategy room

Industries / 02 — Finance & FinTech

FinTech,
FCA-friendly.

Open Banking, FCA-aware integrations, KYC/AML pipelines, custodial and non-custodial wallets, lending platforms and white-label trading. Built to survive a regulator's audit.

Let's discuss your project See our case studies

Updated June 24, 2026

Typical timeline: 16 – 36 weeks
Engagement: Fixed-scope or T&M
Team: 4 – 8 senior people
Outcome: Live FinTech product, integrated, regulated

Trusted by Lloyds Tide Wise Plaid Stripe TrueLayer

FinTech projects shipped

KYC/AML pipelines

Open Banking integrations

Enterprise software solutions

What we do

FinTech software
we ship.

Open Banking, FCA-aware integrations, KYC/AML pipelines, custodial and non-custodial wallets, lending platforms, white-label trading. Built to survive a regulator's audit.

01 — Banking

Open Banking apps

TrueLayer, Plaid, GoCardless integrations — account aggregation, payments, scoring.

02 — KYC/AML

KYC & AML

Onfido, Sumsub, Jumio — identity flows that satisfy compliance without losing customers at signup.

03 — Payments

Payments & cards

Stripe, Marqeta, Adyen — bespoke checkout, virtual cards, BNPL, PCI-DSS-scoped architectures.

04 — Lending

Lending platforms

Decisioning engines, document workflows, servicing portals — for prime, near-prime and SME credit.

05 — Wallets

Crypto wallets

Custodial & non-custodial — Bitcoin, Ethereum, L2 — institutional-grade key management.

06 — Trading

Trading & investments

White-label brokerage, robo-advisors, portfolio platforms — FCA-friendly, latency-aware.

How we build

How we build successful
FinTech platforms.

From the start of the journey we ensure transparency. Plan, roadmap, weekly demos. You're in the room at every stage.

Pillar 01

Product development consultation

Transparency from day one. We discuss the plan of action and build a precise app deployment roadmap. At each stage of development, we encourage you to participate in discussions.

Pillar 02

User-oriented design

A talented team of designers creates an accurate user-journey map — predicting intuitive nature and functionality. User-friendly interfaces built on extensive research.

Pillar 03

Agile development

A decade of experience in Web, iOS and Android development. Customised bespoke solutions, delivered in a collaborative environment — your boldest ideas, realised.

Process

A regulator-ready FinTech app,
in six steps.

Same six-stage process we run on every engagement — adapted to logistics constraints (carrier integrations, regulatory mode, fleet telemetry).

Step 01

User research

1 – 2 weeks

Strategic processes define user roles — driver, dispatcher, warehouse worker, ops manager — and run up to 10 impactful interviews. Insights become a guaranteed roadmap.

Field interviews Personas Roadmap

Step 02

Product scope

1 – 2 weeks

We determine feature priority, set timelines, design interactions and define the logistics behind the app. Basic prototype first — adding functionality later.

User stories Carrier APIs Compliance

Step 03

Design

2 – 3 weeks

Software architecture schemes, UI mockups, graphic imagery — reflecting your business identity. Interactive prototype for testing and presentation.

Figma Driver UX Dashboards

Step 04

Development

10 – 20 weeks

Agile development transforms the process into a customer-driven journey. Iterative approach, collaborative mindset, change embraced seamlessly.

CI/CD Trunk-based Feature flags

Step 05

Testing

2 – 3 weeks

From feature-rich development to rigorous staging. Each step a precision move toward a seamless user experience. QA as continuous guardians.

Playwright k6 · load Pen-test

Step 06

Deployment

1 week

Planning, version control, testing, cutting-edge strategies like canary releases. Swift, trouble-free installations with continuous monitoring.

Canary Runbooks SRE on call

Tech stack

Technologies
we work on.

The actual stack on FinTech engagements — regulated, observable, and built to survive an audit.

Languages

TypeScript
Python
Java · Kotlin
Solidity (web3)

Mobile

Swift · SwiftUI
Kotlin · Compose
React Native
Flutter

Realtime

WebSockets
Kafka · NATS
SSE
FIX protocol

Backend

Node.js · NestJS
Python · FastAPI
Java
.NET

Data

PostgreSQL · TimescaleDB
ClickHouse
Redis · Kafka
S3 · Parquet

AI / ML

Fraud · risk models
OpenAI · Anthropic
PyTorch · scikit-learn
pgvector · RAG

Compliance

FCA · PSD2
Open Banking · SCA
PCI-DSS · 3-D Secure
SOC 2 · ISO 27001

Integrations

Stripe · Adyen
Plaid · TrueLayer · Tink
Modulr · Currencycloud
KYC vendors (Onfido · Veriff)

Client reviews

What clients
say.

Pulled from independently-verified Clutch reviews — 60+ of them, 4.9 average.

Open Banking integrations passed FCA assessment with no remediation. They had the playbook from prior builds.

Imogen Reade

Head of Compliance, lending platform

KYC drop-off fell from 31% to 9% after their onboarding redesign. Same checks, better UX.

Olivier Beaumont

VP Product, B2B FinTech

They built our card programme on Marqeta when our previous team had given up. Production in 11 weeks.

Sarah O'Reilly

CTO, neo-bank

Selected work

FinTech platforms
we've shipped.

Four from the wider portfolio — operational platforms running today across rail, marine, road and warehouse.

Personal finance · Mobile

MoneyWiz

Personal finance management app — multi-currency, budgets, reporting.

See case study → Payments · Mobile

Expensify

Mobile expense tracking + virtual card — corporate spend on iOS and Android.

See case study → FinTech · Web

GAIN

Bespoke FinTech solution for the GAIN team — automated advisory and decisioning.

See case study → Open Banking · API

Abacus Pay

Bespoke payment platform — Open Banking integrations and ledger reconciliation.

See case study →

Frequently asked

The honest
questions.

Why choose Magora for hiring FinTech developers?

Magora is a London-based custom software house in business since 2010. We field senior FinTech developers who own the work from the first commit, ship in tight feedback loops with weekly demos and hand over code your team can maintain — no offshore rotation, no juniors in disguise.

How long does it take to build a FinTech platform?

It depends on scope, but our typical engagement runs 8–24 weeks from kickoff to production. A discovery sprint at the start (2–4 weeks) gives a fixed timeline you can actually defend to a board, instead of a ten-page Gantt that slips by week three.

What does a FinTech platform cost?

Honest ranges: a small build starts at £40–£60K, a mid-size scope sits around £100–£250K, enterprise / multi-platform work runs £350K+. We can do fixed-scope or T&M; either way, the estimate is grounded in comparable projects we've already shipped.

Do you provide support after launch?

Yes. We stay on as the maintenance team — security patches, OS / framework upgrades, third-party deprecations, on-going feature work. Most clients keep us on a part-time SLA after launch; some bring the code in-house once their team is ready.

Who owns the code and IP?

You do. Magora's IP terms transfer ownership of bespoke work to the client on payment — the repository is licensed to you from the first commit, full stop. We use OSS dependencies but contribute back rather than baking proprietary forks into your codebase.

Free 30-minute consult

Pick a slot below
and let's talk.

No commitment, no charge. We'll review your project, scope the next step, and tell you the realistic price + timeline. Free working prototype + senior PO analysis before any paid engagement.

★ 4.9 / 5 · 50+ reviews on Clutch NDA day 1 UK Companies House #03637036 GDPR-compliant

FinTech idea
on the brief?

30-minute call with a senior architect who's shipped fleet, warehouse and tracking platforms before. We'll review your constraints and tell you what we'd actually build if it were us.

Book a call All industries

FinTech softwarewe ship.