Chicago fintech teams can choose from local product studios, enterprise consultancies, and distributed engineering providers with experience in regulated financial software. The companies below cover banking platforms, payments, lending, investment technology, legacy modernization, data engineering, and customer-facing applications. Their different delivery models make it easier to compare focused product teams with larger firms suited to complex transformation programs.
1. Itexus
Itexus builds custom software for banks, credit unions, brokers, investment managers, insurers, and fintech companies in Chicago. It works on digital banking, payments and wallets, lending, trading platforms, and wealth management tools. It also builds KYC and AML integrations and financial data products. The team covers discovery, architecture, UX, engineering, QA, cloud delivery, and long-term support.
Chicago clients bring Itexus a new fintech product, an integration-heavy platform, or an aging financial system to modernize. The company pairs a US business presence with European engineering teams. That gives clients domain knowledge and a dedicated team without hiring locally.
Key Facts
- Best for: Custom fintech products and regulated financial platforms
- Core services: Fintech software development, fintech consulting, product design, system integration, QA, DevOps
- Financial capabilities: Digital banking, payments, lending, trading, wealth management, insurance technology
- Delivery coverage: Serves financial organizations across North America, including Chicago
- Founded: 2013
Contact Information
- Website: itexus.com
- E-mail: moc.suxeti@ofni
- Facebook: www.facebook.com/itexus
- Twitter: x.com/ItexusSoft
- LinkedIn: www.linkedin.com/company/itexus
- Instagram: www.instagram.com/itexus.soft
- Address: 8, The Green, STE road, Dover, DE 19901
2. Highland
Highland is a Chicago digital product consultancy with its own financial services practice. Its teams help banks and fintech ventures research opportunities, design customer experiences, and build new products. Its work includes open banking, embedded finance, core digital transformation, and tools that make financial services easier for customers to use.
Highland is a good choice when you need product strategy and customer research before anyone writes code. The same company then carries that work into design and engineering. That keeps the delivered software close to the original idea.
Key Facts
- Best for: Financial product discovery and customer experience projects
- Core services: Product strategy, research, UX design, digital product development
- Financial capabilities: Open banking, embedded finance, fintech product development, digital transformation
- Experience: More than 25 years in digital product work
Contact Information
- Website: www.highlandsolutions.com
- Email: moc.snoitulosdnalhgih@ksa
- LinkedIn: www.linkedin.com/company/highland-chicago
- Phone: +1 312 863 7500
- Address: 125 S Clark St, Suite 670, Chicago, IL 60603
3. Velvetech
Velvetech builds custom software from US offices in Chicago and South Florida. It takes on web, mobile, cloud, data, automation, and integration projects, and fintech is one of its industries. Its engineers build payment workflows, customer portals, analytics products, and internal financial systems that share data with existing business platforms.
The firm builds new products and also modernizes or extends software already in use. Mid-sized companies can hand one team the application code, infrastructure, integrations, and support after launch.
Key Facts
- Best for: Mid-market financial software and connected business platforms
- Core services: Custom software development, mobile apps, cloud engineering, data solutions, integrations
- Financial capabilities: Fintech applications, workflow automation, analytics, secure platform development
- Chicago presence: Operates an office in Chicago
Contact Information
- Website: velvetech.com
- E-mail: moc.hcetevlev@selas
- Facebook: www.facebook.com/velvetech
- Twitter: x.com/velvetech
- LinkedIn: www.linkedin.com/company/velvetech
- Instagram: www.instagram.com/velvetech
- Address: 5440 N. Cumberland Ave, Suite 150, Chicago, IL 60656, USA
- Phone: +1 (847) 559-0864
4. SPR
SPR is a Chicago technology consultancy that builds and modernizes custom software for financial services firms. It works in application engineering, cloud, data, UX, AI, and quality engineering. It builds customer-facing digital products and back-office platforms for reporting, workflow automation, and secure access to financial data.
With a long track record and a wide technical range, SPR fits established firms with many connected systems. It is less suited to a design-only project. Clients hire it for new builds, modernization, or programs that mix application, data, and cloud work.
Key Facts
- Best for: Enterprise financial software modernization
- Core services: Custom software, cloud, data engineering, AI, UX, quality engineering
- Financial capabilities: Secure financial applications, platform modernization, analytics, workflow automation
- Experience: More than 50 years in technology services
Contact Information
- Website: spr.com
- Twitter: x.com/_SPRConsulting
- LinkedIn: www.linkedin.com/company/spr
- Address: 233 South Wacker Drive, Suite 3500, Chicago, Illinois 60606
- Phone: 312-756-1760
5. Thoughtworks
Thoughtworks is a global technology consultancy founded in Chicago. It offers software engineering, product design, data, AI, and modernization services. In financial services, it works with banks, credit providers, and fintech companies on legacy platforms, digital channels, engineering productivity, and data-heavy operations.
The company is built for large transformation programs, where software delivery has to match architecture, organizational change, and governance. An established bank or a scaled fintech will get more from it than a small MVP with a tight budget.
Key Facts
- Best for: Large financial services transformation programs
- Core services: Software engineering, product development, data and AI, platform modernization
- Financial capabilities: Banking technology, digital channels, financial data platforms, engineering transformation
Contact Information
- Website: www.thoughtworks.com
- Email: moc.skrowthguoht@su-tcatnoc
- Facebook: www.facebook.com/Thoughtworks
- Twitter: x.com/thoughtworks
- LinkedIn: www.linkedin.com/company/thoughtworks
- Instagram: www.instagram.com/thoughtworks
- Address: 200 E Randolph St, 25th Floor, Chicago, IL 60601-6501
6. LaunchPad Lab
LaunchPad Lab is a Chicago digital product consultancy with a dedicated financial services software practice. It builds client and account portals, compliance workflows, lending and onboarding tools, and reporting systems. It also connects custodians, CRMs, and systems of record. Its financial projects use Salesforce, Heroku, Ruby on Rails, React, and PostgreSQL.
LaunchPad Lab works best for mid-market financial teams that want a modern application on top of an existing core platform. It offers product strategy, development, and managed support. Clients keep the same team after the first release.
Key Facts
- Best for: Mid-market financial portals and workflow systems
- Core services: Web and mobile development, product strategy, UX design, managed support
- Financial capabilities: Client portals, compliance workflows, custodian data integrations, loan origination
- Technologies: Salesforce, Heroku, Ruby on Rails, React, PostgreSQL
Contact Information
- Website: launchpadlab.com
- Email: moc.baldaphcnual@tcatnoc
- Facebook: www.facebook.com/LaunchPadLab
- LinkedIn: www.linkedin.com/company/launchpad-lab
- Instagram: www.instagram.com/launchpadlab
- Phone: +1 312 888 9651
- Address: 448 N La Salle Dr, Floor 9, Chicago, IL 60654
7. Caxy
Caxy builds financial services software from its Chicago headquarters. It creates modern applications that connect to core banking platforms such as Jack Henry, Fiserv, and FIS. Its work for community banks, credit unions, and fintech businesses includes digital account opening, member portals, and mobile apps. It also builds middleware, analytics, and AI-supported processes.
Caxy helps institutions that cannot replace their core system but need better digital access to its data and workflows. It also offers legacy modernization, cloud architecture, technology assessments, and product strategy. Clients can start with one of these before committing to a full build.
Key Facts
- Best for: Community banks and credit unions modernizing around core systems
- Core services: Custom software, product strategy, cloud architecture, modernization, AI and ML
- Financial capabilities: Digital onboarding, member portals, banking middleware, analytics
- Cloud capability: AWS Advanced Consulting Partner
Contact Information
- Website: www.caxy.com
- Twitter: x.com/caxy
- LinkedIn: www.linkedin.com/company/caxy-inc-
- Instagram: www.instagram.com/caxygram
- Address: 212 W Van Buren St, Suite 1000, Chicago, IL 60607
8. Foxbox Digital
Foxbox Digital is a product development agency headquartered in Chicago. It builds mobile, web, and AI products, both new and rebuilt. Its fintech clients include Rain, a cryptocurrency brokerage, and Versapay, a fintech company focused on accounts receivable and payments.
The agency offers product strategy, design, engineering, maintenance, and extra development capacity. Fintech teams with their own product leaders can hire its engineers. Companies that want one partner can have Foxbox take a mobile or web product from planning to release.
Key Facts
- Best for: Mobile and web fintech product development
- Core services: Product strategy, UX design, mobile development, web development, AI, maintenance
- Financial capabilities: Cryptocurrency products, payment applications, customer-facing fintech experiences
Contact Information
- Website: foxbox.com
- LinkedIn: www.linkedin.com/company/foxbox-digital
- Address: 211 W Wacker Dr, Suite 120 #1090, Chicago, IL 60606
9. Simform
Simform builds custom software for Chicago businesses using distributed engineering teams. Its teams handle product engineering, cloud and platform work, data, AI, web and mobile apps, quality engineering, and DevOps. Financial firms use it for customer applications, internal platforms, data pipelines, and cloud modernization.
Simform works with enterprises, software vendors, and growing businesses that need more engineers or a managed delivery team. Its size helps when a fintech project needs several skills at once or grows past the first release.
Key Facts
- Best for: Scaled product engineering and dedicated development teams
- Core services: Custom software, cloud engineering, data engineering, AI, DevOps, QA
- Financial capabilities: Digital products, data platforms, cloud modernization, enterprise integrations
- Chicago coverage: Provides custom software development services for Chicago organizations
- Team size: More than 1,200 professionals
Contact Information
- Website: www.simform.com
- Facebook: www.facebook.com/simform
- Twitter: x.com/simform
- LinkedIn: www.linkedin.com/company/simform
- Phone: 13212372727
- Address: 111 North Orange Avenue, Suite 800, Orlando, Florida 32801, United States
10. ELEKS
ELEKS is a global software engineering company with a Chicago office and an established fintech practice. It offers application development, enterprise software, cloud engineering, data and AI, and cybersecurity. It also covers product design, QA, and legacy modernization. Financial clients can hire dedicated teams to add capacity to their own delivery.
ELEKS fits complex projects where engineering meets security, data, or modernization needs. Clients get a Chicago point of contact backed by engineering teams in several regions.
Key Facts
- Best for: Complex fintech engineering and modernization programs
- Core services: Application development, cloud, data and AI, cybersecurity, QA, product design
- Financial capabilities: Fintech platforms, enterprise financial applications, risk and fraud systems
- Chicago presence: 625 W Adams St, Chicago, IL 60661
- Delivery model: Global engineering teams and dedicated teams
Contact Information
- Website: eleks.com
- Facebook: www.facebook.com/ELEKS.Software
- Twitter: x.com/ELEKSSoftware
- LinkedIn: www.linkedin.com/company/eleks
- Address: 625 W Adams St, Chicago, IL 60661
- Phone: +1-708-967-4803
11. SoftServe
SoftServe is a digital engineering and consulting company with a Chicago office and a financial services practice. Its teams design and build cloud, data, AI, machine learning, automation, and custom software solutions. In finance, it works on payment processing integrations, digital experiences, data platforms, and modernizing applications for regulated operations.
SoftServe suits enterprise projects that need strong cloud and data skills, not a simple standalone app. It partners with major cloud and enterprise technology providers. That helps when a financial system has to fit an existing corporate stack.
Key Facts
- Best for: Enterprise cloud, data, and AI programs in financial services
- Core services: Digital engineering, cloud, data, AI and ML, software development, testing
- Financial capabilities: Payment integrations, financial data solutions, application modernization
- Chicago presence: 1 S Dearborn St, 20th Floor, Chicago, IL 60603
- US headquarters: Austin, Texas
Contact Information
- Website: www.softserveinc.com
- Facebook: www.facebook.com/SoftServeCompany
- Twitter: x.com/SoftServeInc
- LinkedIn: www.linkedin.com/company/softserve
- Instagram: www.instagram.com/softserve_people
- Address: 1 South Dearborn St, 20th Floor, Chicago, IL 60603
- Phone: +1-512-516-8880
12. BairesDev
BairesDev provides nearshore software engineering and staff augmentation to companies in Chicago and across the United States. In finance, it builds core banking systems, payment processing, regulatory compliance tools, and custom applications. Its clients include financial institutions, investment firms, insurers, and fintech startups.
Most of its engineers work in Latin America, so their hours overlap well with Chicago teams. Buyers can hire BairesDev for a managed project, a dedicated team, or individual specialists who join an internal engineering group.
Key Facts
- Best for: Nearshore fintech development and team augmentation
- Core services: Custom software, dedicated teams, staff augmentation, QA, cloud and data engineering
- Financial capabilities: Core banking, payments, compliance tools, custom finance platforms
- Chicago coverage: Provides custom software development services to Chicago companies
- Delivery model: Nearshore teams across Latin America
Contact Information
- Website: www.bairesdev.com
- Facebook: www.facebook.com/bairesdev
- Twitter: x.com/bairesdev
- LinkedIn: www.linkedin.com/company/bairesdev
- Instagram: www.instagram.com/bairesdev
- Address: 195 Montague Street, New York, USA
- Phone: +1 (408) 478-2739
Conclusion
Chicago buyers should begin with the project type, regulatory exposure, required integrations, and preferred delivery model. Local firms can simplify in-person discovery, while larger distributed providers may offer deeper specialist capacity for complex banking, payment, lending, or investment platforms. A useful shortlist should compare verified financial experience, security practices, ownership of architecture and code, team continuity, and post-launch support before pricing is reviewed.