Australia's Top Personal Finance Apps Q4 2020: A Sensor Tower Report

As the year 2020 came to a close, Australians continued to manage their finances through a variety of mobile applications. Sensor Tower provides an overview of the performance of the top personal finance budgeting and planning apps on a unified platform in Australia for the fourth quarter.

YNAB experienced a significant spike in downloads, reaching 931K in the last week of December, compared to around 377K at the start of the quarter. Weekly active users also saw an upswing, ending the year with 2.9M active users, up from 2.3M. Revenue peaked at $4.2K in the last week of December, marking a strong finish for the app.

MoneyBrilliant saw its downloads rise to 2.7K in the final week of December from 1.9K at the quarter's onset. Revenue showed a notable increase, with the last week of December generating $2.6K.

Spendee - Budget and Expense Tracker, another popular app, also observed an increase in downloads, ending at 850K in December from 398K in September. Weekly active users grew from 3.3M to 4.1M during the quarter, with revenue peaking at $1.9K in the last week.

Splitwise showed a remarkable rise in downloads, surging to 4.8K in the final week of December from 2.2K in the initial week of the quarter. Active users increased from 15.4M to a high of 19.2M, showcasing the app's growing user base.

Lastly, Wallet: Budget Expense Tracker ended the year with a jump in downloads to 505K, up from 81K in September. Active users saw a rise, concluding the quarter with 875K users.

These trends highlight the growing reliance on mobile applications for financial management in Australia. For more detailed insights, Sensor Tower's comprehensive data provides further analysis on these apps' performance.