Nowadays startups with a mobile app have greater value than those without one, so it makes sense that more startups are considering developing their own app to support their business objectives. More than 5,700 startups launch every hour worldwide, but many seem to fail within their first five years. In order to stand out from the competition and get the venture capital (VC) funding companies need to succeed, creating a mobile app can be the right direction for companies to take.

A mobile app provides a user interface that is easy to use and access, making it appealing to customers. Creating a mobile app can also make business growth more financially efficient. In fact, more than 70% of organizations in sectors such as retail, financial services, and IT have experienced a significant increase in profits after building their own mobile apps. 

Finding a mobile app development partner to create your mobile app can make it easier for companies to persuade investors to support their business idea as well because a mobile app can show how scalability, market fit, consumer interest, long-term vision, and profitability have been considered. Furthermore, a mobile app can provide an extra source of revenue through app purchases and in-app spending in the form of subscriptions, purchasing extra features, buying virtual currency and more. Companies can also monetize ads within the app and app data to boost their revenue stream. 

For startups looking to succeed in a highly competitive market, building a mobile app can be the strategic edge they need to obtain success.

App Development Partner for Startup
Source: Tapptitude