Top 5 Consumer Finance Apps in Africa in Q2 2022: Unified Platform Performance

In Q2 2022, the top consumer finance applications in Africa demonstrated notable performance metrics on a unified platform, combining insights from both iOS and Android. Here’s a closer look at the weekly downloads and active user trends for the leading apps: Capitec Bank, Kuda - Free transfer & payment, BaridiMob, Timiza, and Access More.

Capitec Bank from Capitec Bank Limited saw fluctuating weekly downloads, peaking at approximately 128K in late April and mid-June. The app's weekly active users ranged from around 2.6M to 3M, with a noticeable increase to over 3M by the end of June.

Kuda - Free transfer & payment by Kuda Technologies Limited experienced a significant rise in weekly downloads, reaching over 115K in late May. Active users also showed an upward trend, growing from approximately 660K to around 740K by the end of June.

BaridiMob from Algérie Poste had a steady increase in weekly downloads, peaking at nearly 64K in early May. The app’s weekly active users showed a gradual climb from around 380K to over 450K by the end of the quarter.

Timiza, published by Absa Bank Limited, saw a significant increase in weekly downloads, with numbers rising to about 71K in mid-June. Active users also grew steadily, starting at approximately 190K and reaching over 340K by late June.

Access More by Access Bank Plc maintained a consistent download rate, peaking at about 46K in early June. The app’s active users showed a steady increase, growing from approximately 720K to around 790K by the end of the quarter.

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