Top 5 Consumer Finance Apps on Unified Platform in Africa - Q1 2023

In Q1 2023, the top five consumer finance applications on a unified platform in Africa showcased diverse performance trends in terms of weekly downloads and active users. Data from Sensor Tower provides a comprehensive look at these trends.

BaridiMob saw a varied pattern in weekly downloads, starting with around 77.7K in late December and peaking at approximately 104.2K in mid-March. The app's weekly active users also exhibited a steady increase, beginning at roughly 372.9K and reaching up to 466.5K by the end of March.

UBA Mobile Banking experienced significant fluctuations in weekly downloads, ranging from 31.5K to a high of 126.5K by the end of January. The app’s weekly active users saw a consistent rise, from 502.5K in late December to 668.7K at the end of January, before stabilizing around the 545K mark by the end of March.

Kuda - Free transfer & payment displayed a gradual upward trend in weekly downloads, starting at 39.1K in late December and reaching up to 87.3K by mid-March. Active users for Kuda also increased steadily, from 742.6K at the start of the quarter to around 860.1K in early March, before slightly decreasing to 811.9K by the end of the quarter.

Capitec Bank showed a consistent rise in weekly downloads, beginning at 35.7K and peaking at 84.4K by the end of March. The app’s weekly active users also trended upwards, starting at 3.02M in late December and reaching 3.34M by the end of February, with a slight dip to about 3.12M by late March.

Access More experienced a steady increase in weekly downloads, from 33.4K in late December to 83.2K by mid-February, before leveling off around the 47.6K mark by the end of March. The app’s weekly active users saw a gradual rise from 870K in late December to 1.03M by the end of January, with a slight decline to around 975.5K by the end of March.

For more detailed insights and data, visit Sensor Tower.