Top 5 Consumer Finance Apps in Nigeria for Q2 2023: Unified Platform Performance

In the second quarter of 2023, the top 5 consumer finance apps in Nigeria demonstrated varied performance trends across weekly downloads and active users. Here’s a detailed look at the performance of these leading apps, based on data from Sensor Tower.

Kuda - Transfers and payments showed a mixed trend in weekly downloads. Starting strong with 63.8K downloads in late March, the app experienced a dip to around 46K-47K downloads by the end of April. Downloads then fluctuated, peaking again at approximately 56.9K in mid-May before stabilizing around 46K-46.6K towards the end of June. Active users for Kuda also saw fluctuations, beginning at 809K in late March and ending the quarter with a robust 841K.

Moniepoint Business Banking experienced a consistent decline in weekly downloads from 59.4K at the end of March to around 38.7K by the end of June. Despite the decrease in downloads, the app saw a steady increase in active users, starting from 124K and reaching approximately 174K by the end of the quarter.

GTWorld had a fluctuating download pattern, starting at 61.3K in late March, dipping to 30.2K in late April, then peaking at 55.9K by the end of May. Active users for GTWorld showed an overall increase, beginning at 637K in late March, peaking at 732K in early May, and concluding the quarter at around 693K.

Access More experienced a steady download trend, starting at 46.3K in late March, dipping to around 32.4K in mid-April, and peaking at 51.8K in early May. Active users for Access More saw a slight increase, starting at 943K and ending the quarter with approximately 997K.

UBA Mobile App showed a downward trend in weekly downloads, starting at 47K in late March and ending at around 19.7K by the end of June. Active users for UBA Mobile App also saw a slight decline, starting at 198K and concluding the quarter at approximately 174K.

For more detailed insights into the performance of these apps, visit Sensor Tower.