{"id":2446,"date":"2022-09-27T11:08:31","date_gmt":"2022-09-27T11:08:31","guid":{"rendered":"https:\/\/wafflebytes.com\/blog\/?p=2446"},"modified":"2022-09-27T11:08:34","modified_gmt":"2022-09-27T11:08:34","slug":"development-cost-of-app-like-cred-android-and-ios","status":"publish","type":"post","link":"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/","title":{"rendered":"Development Cost Of App Like CRED | Android And iOS"},"content":{"rendered":"\n<p>The total cost of developing an app like CRED will cost you between $15,000 to $60,000.<\/p>\n\n\n\n<p>Quite a difference, isn&#8217;t it? It completely depends on the technology chosen, the fee of the partner company, number of functionality, level of security etc. If a development partner company has already developed an app like Credit, it will cost you less. In this case, the Cred Like app will cost you around $10,000 to $35000. The White Label Credit app will cost you around $15,000 with one year of maintenance.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">On This Page:<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999999;color:#999999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999999;color:#999999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#How_much_does_it_cost_to_build_an_app_like_CRED\" >How much does it cost to build an app like CRED?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#Hourly_Rate_of_CRED_App_Development_Cost\" >Hourly Rate of CRED App Development Cost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#Time_and_money_required_to_build_an_app_like_CRED\" >Time and money required to build an app like CRED!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#Cost_Estimation_Breakdown_for_CRED_%E2%80%93_Credit_Card_Bill_Payment_App\" >Cost Estimation Breakdown for CRED &#8211; Credit Card Bill Payment App<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#Location_and_Structure_Development_Team_Cost\" >Location and Structure Development Team Cost.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#The_Cost_of_Maintenance_a_CRED_App_Updated_and_Secured\" >The Cost of Maintenance a CRED App: Updated and Secured<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wafflebytes.com\/blog\/development-cost-of-app-like-cred-android-and-ios\/#In_Conclusion\" >In Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_does_it_cost_to_build_an_app_like_CRED\"><\/span>How much does it cost to build an app like CRED?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to recent research from Goodfarm, the average cost of a native app is between $38,000 and $91,000. Medium-complexity apps range in cost from $55,550 to $131,000. A complex piece of software can cost between $91,550 and $211,000. <\/p>\n\n\n\n<p>So, to give a general idea of \u200b\u200bhow much it costs to build an app (assuming a $25 per hour fee), a basic app would cost around $90,000. Apps with medium complexity will cost between $160,000 and $170,000. Complex apps usually cost over $240,000.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Type Of App<\/th><th class=\"has-text-align-center\" data-align=\"center\">Cost<\/th><th class=\"has-text-align-center\" data-align=\"center\">Time To Develop<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Simple<\/td><td class=\"has-text-align-center\" data-align=\"center\">$70,000-$100,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">3-6 Months<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Medium <\/td><td class=\"has-text-align-center\" data-align=\"center\">$120,000-$170,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">6-10 Months<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Complex<\/td><td class=\"has-text-align-center\" data-align=\"center\">$200,000-$250,000+<\/td><td class=\"has-text-align-center\" data-align=\"center\">10+ Months<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hourly_Rate_of_CRED_App_Development_Cost\"><\/span>Hourly Rate of CRED App Development Cost<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Region<\/strong><\/td><td><strong>iOS ($\/hour)<\/strong><\/td><td><strong>Android ($\/hour)<\/strong><\/td><\/tr><tr><td>North America<\/td><td>150<\/td><td>150<\/td><\/tr><tr><td>Australia<\/td><td>92<\/td><td>92<\/td><\/tr><tr><td>UK<\/td><td>71<\/td><td>71<\/td><\/tr><tr><td>South America<\/td><td>43<\/td><td>37<\/td><\/tr><tr><td>Eastern Europe<\/td><td>40<\/td><td>40<\/td><\/tr><tr><td><strong>India<\/strong><\/td><td><strong>25<\/strong><\/td><td><strong>28<\/strong><\/td><\/tr><tr><td>Indonesia<\/td><td>35<\/td><td>35<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Time_and_money_required_to_build_an_app_like_CRED\"><\/span>Time and money required to build an app like CRED!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To address this problem, it is important to understand that not all mobile apps are created equal. And inequality is not limited to the platform for which it was created. The time required to implement specific app features is calculated in a breakdown of both iOS and Android application development. Let us classify on the basis of proper timing requirements.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A basic app with minimal functionality takes around 500-800 hours to develop. There is a time frame of 3-6 months.<\/li><li>A medium-complexity software can take anywhere from 800 to 1200 hours to complete. Time frame: 5 to 9 months.<\/li><li>In most cases, a complex time-consuming app takes more than 1200 hours to complete. Timeline: 8 months or more.<\/li><\/ul>\n\n\n\n<p>Related: <a href=\"https:\/\/wafflebytes.com\/blog\/cost-to-build-food-delivery-app-like-zomato-or-swiggy\/\">Cost To Build  Food Delivery App Like Zomato Or Swiggy<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cost_Estimation_Breakdown_for_CRED_%E2%80%93_Credit_Card_Bill_Payment_App\"><\/span>Cost Estimation Breakdown for CRED &#8211; Credit Card Bill Payment App<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Description<\/strong><\/td><td><strong>Approx time<\/strong><\/td><\/tr><tr><td>Map<\/td><td>Detect user\u2019s location search on the map Set pickup point on the map<\/td><td>75 \u2013 111 hours<\/td><\/tr><tr><td>Payments<\/td><td>See balance list of transactions add card Add PayPal<\/td><td>60 \u2013 78 hours<\/td><\/tr><tr><td>Streaming<\/td><td>Start\/stop broadcast View broadcast Switch between broadcasts<\/td><td>90 \u2013 140 hours<\/td><\/tr><tr><td>Calls<\/td><td>Audio calls Video calls List of contacts<\/td><td>257 \u2013 365 hours<\/td><\/tr><tr><td><strong>Feature<\/strong><\/td><td><strong>Description<\/strong><\/td><td><strong>Approx time<\/strong><\/td><\/tr><tr><td>Map<\/td><td>Detect user\u2019s location search on the map Set pickup point on the map<\/td><td>75 \u2013 111 hours<\/td><\/tr><tr><td>Payments<\/td><td>See balance list of transactions add card Add PayPal<\/td><td>60 \u2013 78 hours<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Location_and_Structure_Development_Team_Cost\"><\/span>Location and Structure Development Team Cost.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As stated earlier, the location of your app development team has a significant impact on the final pricing of the product. The cost of developing an app in the United Kingdom will be different from the cost of developing an app in the United States and other regions.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Title of Employee<\/strong><\/td><td><strong>United States<\/strong><\/td><td><strong>Latin America<\/strong><\/td><td><strong>Eastern Europe<\/strong><\/td><td><strong>Asia<\/strong><\/td><\/tr><tr><td>Business Analyst<\/td><td>$110 \u2013 $205<\/td><td>$45 \u2013 $55<\/td><td>$40 \u2013 $63<\/td><td>$30 \u2013 $42<\/td><\/tr><tr><td>Architect<\/td><td>$198 \u2013 $292<\/td><td>$60 \u2013 $72<\/td><td>$50 \u2013 $77<\/td><td>$35 \u2013 $48<\/td><\/tr><tr><td>Project Manager<\/td><td>$133 \u2013 $233<\/td><td>$55 \u2013 $66<\/td><td>$45 \u2013 $70<\/td><td>$35 \u2013 $48<\/td><\/tr><tr><td>Jr. Developer<\/td><td>$105 \u2013 $111<\/td><td>$35 \u2013 $44<\/td><td>$25 \u2013 $42<\/td><td>$18 \u2013 $24<\/td><\/tr><tr><td>Mid-Level Developer<\/td><td>$132 \u2013 $140<\/td><td>$30 \u2013 $52<\/td><td>$35 \u2013 $56<\/td><td>$24 \u2013 $35<\/td><\/tr><tr><td>Sr. Developer<\/td><td>$154 \u2013 $163<\/td><td>$45 \u2013 $55<\/td><td>$45 \u2013 $70<\/td><td>$30 \u2013 $42<\/td><\/tr><tr><td>Lead Developer<\/td><td>$176 \u2013 $187<\/td><td>$50 \u2013 $61<\/td><td>$45 \u2013 $70<\/td><td>$30 \u2013 $42<\/td><\/tr><tr><td>Junior QA<\/td><td>$77 \u2013 $81<\/td><td>$30 \u2013 $39<\/td><td>$25 \u2013 $42<\/td><td>$15 \u2013 $24<\/td><\/tr><tr><td>Mid-Level QA<\/td><td>$99 \u2013 $105<\/td><td>$35 \u2013 $44<\/td><td>$30 \u2013 $49<\/td><td>$20 \u2013 $30<\/td><\/tr><tr><td>Senior QA<\/td><td>$143 \u2013 $169<\/td><td>$40 \u2013 $50<\/td><td>$40 \u2013 $63<\/td><td>$25 \u2013 $36<\/td><\/tr><tr><td>Graphic Designer<\/td><td>$79 \u2013 $163<\/td><td>$40 \u2013 $50<\/td><td>$35 \u2013 $56<\/td><td>$25 \u2013 $36<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Cost_of_Maintenance_a_CRED_App_Updated_and_Secured\"><\/span>The Cost of Maintenance a CRED App: Updated and Secured<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Last but not least, think about how much it costs to maintain an app. It is standard practice to spend between 15% to 20% of the initial app development cost on maintenance each year. Bug fixes, new features, and getting ready for a new OS version are all examples of app maintenance expenses. It also depends on how many features you want to add each year and how complex they are.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_Conclusion\"><\/span>In Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Lastly, This is the overall cost of developing an app similar CRED. We think this article meets your expectations about Estimate of Developing CRED app, if it doesn&#8217;t please let us know in the comments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total cost of developing an app like CRED will cost you between $15,000 to $60,000. Quite a difference, isn&#8217;t it? 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Quite a difference, isn&#8217;t it? 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