AI Insights · Timothy · April 2022
Top 5 Finance Apps in the US: Q1 2022 Performance
In Q1 2022, the top 5 finance apps in the US saw varied trends in downloads and active users, with TurboTax experiencing significant growth in both areas.
In the first quarter of 2022, the top 5 finance applications in the United States displayed diverse performance metrics on the unified platform. Here's a closer look at how each app fared in terms of weekly downloads and weekly active users.
Cash App experienced a steady download rate throughout Q1 2022. Weekly downloads ranged from around 587K to 785K, with a notable peak in the week of January 24. The app maintained a strong user base, with weekly active users fluctuating between approximately 18.8M and 20.4M, peaking in the final week of March.
PayPal - Send, Shop, Manage saw consistent weekly downloads, ranging from about 362K to 465K. The active user base remained robust, varying from around 13.5M to 16.3M, with a noticeable peak at the end of January.
Venmo maintained a steady download rate, with weekly downloads ranging from approximately 304K to 390K. Weekly active users showed a slight increase from around 16.2M to 18.5M, with a peak in the final week of March.
TurboTax: File Your Tax Return experienced remarkable growth in downloads, especially around tax season. Weekly downloads surged from around 75.6K to 567K, peaking in late January. The active user base also saw significant growth, starting at around 663K and reaching up to 1.76M by the end of January.
Zelle maintained steady weekly downloads, ranging from approximately 228K to 275K. The active user base also showed a gradual increase, varying from around 1.1M to 1.2M, peaking in the final week of March.
These insights are based on data from Sensor Tower. For more detailed analytics and trends, visit Sensor Tower.