Top 5 Finance Apps on Android in Nigeria - Q1 2022

During the first quarter of 2022, the top finance apps on Android in Nigeria demonstrated varying trends in downloads and active users. Here's a closer look at the performance of the leading apps.

EaseMoni—Instant loan online saw a dynamic quarter with weekly downloads peaking at 205K in mid-January before gradually declining to 19K by the end of March. Active users also fluctuated, starting from 328K at the end of December, reaching a high of 469K in early January, and then decreasing to 214K by the end of the quarter.

FairMoney—Instant loans & more from a digital bank displayed a relatively stable download pattern, maintaining around 70K to 77K downloads per week, with a slight dip to 59K in the final week of March. Active users showed a consistent trend, starting at 587K and ending at 538K, with minor fluctuations throughout the quarter.

OPay - Cash rain, Airtime, Transfer, Savings experienced a steady increase in weekly downloads, peaking at 79K at the end of February, before slightly decreasing to 45K by the end of March. Active users grew from 593K at the end of December to a high of 647K in mid-February and settled at 563K by the end of March.

LCredit-Loan Online & Cash, Anytime showed variability in weekly downloads, with a peak of 84K in late January, followed by a decline to 33K by the end of March. Active users mirrored this trend, starting at 75K at the end of December, reaching a high of 121K in mid-March, and then dropping to 90K by the end of the quarter.

OKash - Safe and reliable personal loan in Nigeria demonstrated significant growth in weekly downloads, starting at 24K at the end of December and peaking at 102K in the last week of March. Active users increased from 99K to a peak of 203K in the same period.

These insights were provided by Sensor Tower. For more detailed analytics and insights, visit Sensor Tower.