AI Insights · Timothy · October 2021
Top 5 Finance Apps in Kenya Q3 2021 Performance Overview
Discover the Q3 2021 performance trends of the top 5 finance apps in Kenya, including downloads, active users, and revenue insights.
In the third quarter of 2021, the top finance applications in Kenya showed varied performance trends in terms of downloads, active users, and revenue. Here’s a closer look at the performance of the top 5 apps: M-PESA, AsapKash - Reliable Loans, Kashway - Safe loan app in Kenya, Creditmoja - Digital Loan APP in Kenya, and FairKash - Loan to M-Pesa.
M-PESA
Throughout Q3 2021, M-PESA achieved a significant number of downloads, peaking at approximately 334K in the first week of August. However, downloads saw a gradual decline towards the end of the quarter, reaching around 158K in the final week of September. The app's active users consistently increased, starting from 700K in late June and rising to 2.2M by the end of September.
AsapKash - Reliable Loans
AsapKash - Reliable Loans experienced fluctuating download trends, with a notable peak of 139K in late July and a decrease to about 49K by the end of September. The app's active users saw an increase from 171K at the start of the quarter to approximately 311K by the end of September.
Kashway - Safe loan app in Kenya
Kashway - Safe loan app in Kenya had steady downloads, with a peak of around 98K in mid-August before declining to about 43K by the end of September. Active users for this app remained fairly stable, starting from 168K in late June and ending the quarter at approximately 196K.
Creditmoja - Digital Loan APP in Kenya
Creditmoja - Digital Loan APP in Kenya saw a significant increase in downloads, beginning with 19K in late July and soaring to 401K by the end of September. The app's active users mirrored this trend, growing from around 10K in late July to over 406K by the end of September.
FairKash - Loan to M-Pesa
FairKash - Loan to M-Pesa saw its downloads peak at 203K in early August, followed by a decline to around 201K by the end of September. Active users showed a steady increase from around 39K in early August to 285K by the end of September.
For more detailed insights and data, visit Sensor Tower.
