Top 5 Personal Finance Budgeting and Planning Apps in South Africa - Q3 2021

In Q3 2021, the top five personal finance budgeting and planning apps in South Africa demonstrated varied performance trends in terms of weekly downloads, revenue, and active users. Here’s a closer look at how each app fared during this period.

My360 powered by Standard Bank saw a significant surge in weekly downloads. Starting at 378 downloads in the week of June 28, the app experienced a consistent increase, peaking at 3.6K downloads in the week of August 30. Although there was a slight dip by the end of September, the app maintained a robust download rate of around 2.5K.

22seven: Budget, Track & Save had a dynamic quarter. Weekly downloads fluctuated but saw a dramatic increase towards the end, jumping from 610 in early September to 2.9K by the end of the month. Revenue also showed an upward trend, starting at $2 per week and reaching $12 in mid-September. Active users initially declined from 4.9K to 3.7K but rebounded sharply to 6.7K by the end of Q3.

Budget planner—Expense tracker from Battery Stats Saver exhibited a steady performance. Weekly revenue ranged between $23 and $85, with a notable peak in the final week of September. Downloads remained relatively stable, averaging around 600 to 700 per week, with slight increases in mid-July and late September. Active users hovered around 1.5K throughout the quarter.

Splitwise demonstrated consistent growth in both revenue and user engagement. Weekly revenue varied between $14 and $74, with the highest earnings recorded in late August. Downloads increased steadily from 325 in late June to 568 by the end of September. Active users also showed a positive trend, rising from 1.3K to 1.6K over the quarter.

Bank Account Balance Check had a more modest performance in comparison. Weekly downloads started at 294 and peaked at 618 in late August before stabilizing around the mid-300s. Despite the fluctuations, the app managed to attract a consistent user base throughout the quarter.

This data, sourced from Sensor Tower, provides valuable insights into the performance of these top personal finance apps in South Africa. For more detailed insights and trends, visit Sensor Tower.