Top 5 Consumer Finance Apps in Nigeria Q1 2023

During the first quarter of 2023, the top 5 consumer finance apps in Nigeria on a unified platform showed varying trends in downloads and active users, according to Sensor Tower data.

UBA Mobile Banking had a strong start with weekly downloads increasing from 36.5K to a peak of 126.2K by the week of January 30. However, downloads declined to 31.3K by the end of March. The app saw a consistent rise in weekly active users, starting at 499K and peaking at 665.3K in late January, before stabilizing around 541.7K by the end of the quarter.

Kuda - Free transfer & payment experienced a steady increase in weekly downloads, starting at 39K and reaching 86.9K by mid-March. The app's active users also grew consistently, from 740.5K at the end of December to a high of 857.6K in early March, before slightly dipping to 809.3K by the end of the quarter.

Access More saw its weekly downloads rise from 32K to a peak of 81.4K in mid-February, before declining to 46.3K by the end of March. Active users for the app increased steadily from 842.2K at the end of December to a peak of 1M in late January, stabilizing around 943K by the end of the quarter.

Access Bank (Ghana) Plc also showed growth in downloads, starting at 22.3K and peaking at 66.2K in late January. By the end of March, downloads had decreased to 40.9K. The app's active users increased from 115.1K at the end of December to a high of 167.3K by mid-March, before slightly decreasing to 153.2K by the quarter's end.

GTWorld experienced a notable increase in weekly downloads, starting at 22.6K and peaking at 99.6K by mid-March, before ending the quarter at 61.3K. The app's active users grew from 514.9K at the end of December to a high of 718.4K by mid-March, before slightly decreasing to 637.4K by the end of March.

For more insights and detailed data on app performance, visit Sensor Tower.