Top 5 Finance Apps on iOS in Nigeria for Q1 2022

The first quarter of 2022 saw notable activity in the finance app category on iOS in Nigeria. Below, we explore the weekly download and active user trends for the top 5 finance apps, based on Sensor Tower data.

Kuda - Free transfer & payment from Kuda Technologies Limited maintained a consistent increase in weekly downloads, starting from around 8.6K in late December and peaking at approximately 12.3K by the end of March. The app also exhibited a steady rise in weekly active users, beginning at 56.6K and reaching around 76.8K by the end of the quarter.

LCredit - Instant Loan Online experienced fluctuating download numbers, with a notable peak at 11.5K in late January before stabilizing around 6.8K at the end of March. Weekly active user data was not provided for this app.

PalmPay - Transfers, Bills from Palmpay Limited saw a consistent upward trend in downloads, starting at 4.9K in late December and culminating at approximately 10.9K by late March. Active users showed a similar positive trend, increasing from 36K to around 60.1K during the same period.

Access More by Access Bank Plc exhibited stable download growth, beginning at 5.4K in late December and reaching about 8K by the end of March. The app's weekly active users also grew, starting at 70.4K and peaking at around 86.2K by the end of the quarter.

Binance: Buy Bitcoin & Crypto from Binance Switzerland AG showed a fluctuating download pattern, starting at 6.5K in late December, peaking at 8.9K in mid-January, and stabilizing at around 7.1K by late March. Active users initially increased from 43.4K to 50.9K by mid-January but then showed a downward trend, ending the quarter at approximately 40.2K.

For more in-depth insights and data, visit Sensor Tower.