Top 5 Business Finance & Solutions Apps in Europe: Q4 2020 Performance

As the year 2020 drew to a close, businesses across Europe continued to rely on mobile applications to manage their finances and operations. Sensor Tower provides a detailed look at the performance of the top Business Finance & Solutions applications during the fourth quarter.

PayPal Business maintained a steady increase in downloads, starting at 40 thousand in the last week of September and peaking at 60 thousand in late November, before dipping to 40 thousand by the end of December. The app's weekly active users saw a similar upward trend, beginning at 200 thousand and reaching over 230 thousand in November, before a slight decrease to 200 thousand active users by year's end.

SumUp - Credit Card Reader also experienced growth in downloads, with numbers rising from 25 thousand to 42 thousand in November, and then settling at 17 thousand by the end of December. The app's active users showed a consistent increase from 430 thousand to over 510 thousand in November, before a slight decline to 430 thousand in the final week of 2020.

Shopify - Your Ecommerce Store saw its downloads surge from 18 thousand to over 43 thousand during November and subsequently decreased to 25 thousand by the close of the quarter. Weekly active users for Shopify showed a more stable pattern, hovering around 160 thousand at the start of the quarter, peaking at 190 thousand in November, and ending the year with 190 thousand active users.

NoiPA - MEF, an app tailored for the Italian market, started with 6 thousand downloads in late September, saw a significant jump to 15 thousand in October, and after some fluctuations, ended the quarter with 7 thousand downloads. The weekly active users for NoiPA displayed steady growth from 43 thousand to over 60 thousand in November, before decreasing to 54 thousand by the end of December.

Lastly, the Tide Business Banking App showed a relatively stable pattern in downloads, starting at around 10 thousand and declining to 7 thousand by the end of Q4. Weekly active users exhibited slight growth, with numbers increasing from 58 thousand to 64 thousand in the middle of the quarter and then slightly decreasing to 63 thousand by the year's end.

For more insights on the performance of these and other applications, Sensor Tower's platform remains an invaluable resource for up-to-date app market data.