Top 5 Consumer Finance Apps Performance on Unified Platform in Africa Q1 2022

In Q1 2022, the top 5 consumer finance applications in Africa exhibited varied performance metrics across weekly downloads and active users. Here's a detailed look at the trends for each app.

Capitec Bank saw a notable increase in weekly downloads, starting at around 46K in late December and peaking at approximately 144K during the week of March 14. Active users for the app also showed a steady rise, beginning at 2.4M and reaching 2.9M by the end of March.

Kuda - Free transfer & payment maintained a consistent download rate, starting at 56K and fluctuating around 70K for most of the quarter. Active users for Kuda showed a positive trend, increasing from around 564K in late December to approximately 659K by the end of March.

Access More experienced moderate growth in weekly downloads, starting at 25K and peaking at around 40K in late March. Active users also showed a steady increase, beginning at 620K and reaching 720K by the end of the quarter.

BaridiMob displayed a significant rise in weekly downloads, starting at 22K and peaking at approximately 53K in mid-March. The app also saw a substantial increase in active users, growing from 320K in late December to about 412K by the end of March.

FNB Banking App had a steady performance in weekly downloads, beginning at 22K and reaching up to 40K in mid-March. Active users for FNB Banking App increased from 1.7M in late December to around 1.9M by the end of March.

These insights are based on data from Sensor Tower. For more detailed information and further insights, visit Sensor Tower.