AI Insights · Timothy · October 2022
Top 5 Consumer Finance Apps in Africa Q3 2022
Discover the performance trends of the top 5 consumer finance apps in Africa during Q3 2022, including weekly downloads and active user statistics.
In the third quarter of 2022, the top 5 consumer finance apps in Africa showcased varying trends in downloads and active users. Below, we delve into the performance of each app based on data from Sensor Tower.
NBE Mobile saw a significant fluctuation in weekly downloads, starting at approximately 77K in early August and peaking at around 304K in the week of August 8. By the end of September, downloads had stabilized to about 69K. The weekly active users for the app showed a consistent upward trend, starting at 72K in early August and reaching nearly 544K by the end of September.
Capitec Bank experienced a steady increase in weekly downloads, beginning at around 71K in late June and culminating at 124K by the end of September. The app's weekly active users also demonstrated growth, starting from 3.02M in late June and reaching approximately 3.17M by the end of the quarter.
Equity Mobile showed a varied download pattern, with a notable peak of about 104K in mid-September. The app's weekly active users rose significantly from 260K in late June to over 522K by the end of September, indicating a growing user base.
BaridiMob maintained a relatively stable download rate, with a slight increase towards the end of the quarter, peaking at approximately 74K in late September. The app's active users fluctuated mildly, starting at 452K in late June and ending at around 419K by the end of September.
Kuda - Transfers and payments saw consistent weekly downloads, hovering around the 40K to 47K mark throughout the quarter. Its weekly active users remained relatively stable, beginning at 738K in late June and ending at approximately 758K by the end of September.
For more insights and detailed data, visit Sensor Tower.
