Australia boasts one of the most exciting and innovative fintech industries in the world, with many domestic start-ups complimented by the expansion of overseas brands to our shores.

Below we break down five of the best apps for your financial needs.

Frollo

Built as a free personal finance and budget management app, Frollo not only lets you track all your spending and savings, it also helps you set goals and challenge yourself to make saving easier.

The app allows you to see all your various financial accounts, be they banking, savings, superannuation, investments or loyalty points, on a single dashboard so you know where you stand.

It’s the ultimate in convenience, eliminating the need to surf through multiple applications and logins check your balance. They’ll even give you a ‘Frollo Score’ based on your net financial health.

Raiz

Formerly known as Acorns, Raiz boasts a simple but strong premise – enabling millennials, or anyone for that matter, to get involved in stock market investing without large upfront spending.

They do this through “micro-investing” which provides a means to introduce financial literacy to those who may not have considered investment in the past.

Launched in 2016, more than 40,000 signed up for Raiz in the first month.

Revolut

With a customer base of over 10 million users, Revolut self-brands as a ‘radically better account’.

Founded in 2015 in the U.K, Revolut initially gained popularity by letting users spend money abroad without paying steep fees. It’s now one of a wave of new mobile app-based challenger banks which offer banking services without a costly network of physical branches.

New features including cryptocurrency and stock trading have steadily been introduced, and more additions can be expected after a lucrative recent round of investment.

Cheq

Pitched as an alternative to payday loans, Cheq offers users early access to their wages to alleviate the concerns of looming bills.

The app allows you to cash out up to $200 of your wages, with the app recouping that money plus a 5% interest fee upon receipt of your pay from your employer.

While being a cheaper alternative to a traditional lender, Cheq will also use machine learning, AI and statistical analysis to offer financial management solutions and help you to budget better.