Top 5 Consumer Finance Apps on Android in Africa Q3 2022

The third quarter of 2022 saw significant activity among the top five Consumer Finance applications on the Android platform in Africa. Here's a detailed look at their performance, based on data from Sensor Tower.

Wallet: Budget Expense Tracker from BudgetBakers experienced a varied quarter. Weekly revenue started at around $240 in late June, fluctuating before peaking at $261 in late August. Downloads showed a consistent upward trend, beginning at 1.5K in late June and reaching over 2.5K by late August. Active users also saw an increase, from 7.6K in late June to over 9.2K by the end of September.

YNAB had stable performance in terms of revenue, starting at $190 in late June and peaking at $255 in late August. Downloads were sporadic, with notable increases to 50 in late August and 42 by the end of September. Active users, however, saw a gradual decline from 320 in late June to 230 by the end of September.

Mobills: Budget Planner from Toro Investimentos saw a steady revenue increase, reaching $134 in late July and maintaining around $130 towards the end of August. Downloads were minimal but peaked at 36 in early August. Active users remained relatively stable, hovering around 70 to 80 throughout the quarter.

Splitwise showed strong performance with revenue peaking at $108 in late August and mid-September. Downloads were robust, jumping from approximately 500 in late June to over 600 in early September. Active users remained steady, averaging around 1.7K to 1.8K throughout the quarter.

1Money: expense tracker budget had a stable quarter with revenue peaking at $121 in late August. Downloads increased from 80 in late June to 120 by late August. Active users remained stable around 3.4K to 3.5K for most of the quarter.

These insights provide a snapshot of the dynamic nature of the Consumer Finance app market in Africa. For more detailed analysis and data, visit Sensor Tower.