AI Insights · Timothy · October 2023
Top 5 Consumer Finance Apps in Africa Q3 2023
In Q3 2023, the top 5 consumer finance apps in Africa showed varied performance in weekly downloads, revenue, and active users, with notable trends across the board.
Performance of Top 5 Consumer Finance Applications in Africa Q3 2023
In the third quarter of 2023, the top consumer finance applications in Africa demonstrated diverse trends in weekly downloads, revenue, and active users. Let's delve into the specifics for each app.
YNAB
Throughout Q3 2023, YNAB experienced a steady increase in weekly revenue, peaking at approximately $800 in the final week of September. Weekly downloads saw a significant rise in early September, jumping from around 60 to over 500. Active users also increased, from 523 in early September to 765 by the end of the quarter.
Wallet: Budget Expense Tracker
Wallet: Budget Expense Tracker maintained a consistent weekly revenue, fluctuating between $200 and $300. Weekly downloads varied, with a high of over 2K in late August and a low of around 1.4K in mid-September. Active users remained relatively stable, averaging around 8K throughout the quarter.
Splitwise
Splitwise showed a gradual increase in weekly revenue, reaching close to $350 by the end of September. Weekly downloads hovered between 1.4K and 1.9K, with a slight dip in early September. Active users remained stable, averaging around 5.5K throughout the quarter.
Spendee Budget & Money Tracker
Spendee Budget & Money Tracker had a fluctuating weekly revenue, peaking at $278 in late July and stabilizing around $220 by the end of September. Weekly downloads varied, with highs of around 740 in late July and lows of 281 in early September. Active users saw minor fluctuations, averaging around 1.3K.
Mobills: Budget Planner
Mobills: Budget Planner had a gradual increase in weekly revenue, reaching $260 in late August. Weekly downloads were modest, with peaks of 174 in late June and a low of 15 in late September. Active users experienced a decline, ending the quarter at 131.
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