AI Insights · Timothy · April 2023
Top 5 Consumer Finance Apps on Android in Africa, Q1 2023
Discover the performance trends of the top 5 consumer finance apps on Android in Africa during Q1 2023, including weekly downloads, revenue, and active users.
Throughout the first quarter of 2023, the top consumer finance apps on Android in Africa showcased notable trends in downloads and active users. Below is a detailed look at their performance.
BaridiMob saw a consistent increase in weekly downloads, peaking at around 101K in mid-March. Active users also rose steadily from approximately 373K at the start of the quarter to 467K by the end.
UBA Mobile Banking experienced a significant spike in weekly downloads, reaching a high of about 112K in late January before tapering off to around 22K by the end of March. The app maintained a robust active user base, peaking at 583K in late January and stabilizing around 456K towards the end of the quarter.
Kuda - Transfers and payments enjoyed a steady rise in weekly downloads, culminating in approximately 70K in mid-March. Active users remained strong, consistently hovering around the 700K mark, with a slight dip to 680K by the end of March.
Access More saw a notable increase in weekly downloads, peaking at about 70K in mid-February. Active users grew from around 737K at the beginning of the quarter to 830K by the end of March.
Capitec Bank demonstrated strong growth in weekly downloads, reaching approximately 69K by the end of March. Active users showed a consistent upward trend, peaking at 3.04M in late February before slightly decreasing to 2.83M by the end of the quarter.
For more comprehensive insights and data, visit Sensor Tower.
