AI Insights · Timothy · July 2024
Top 5 Consumer Finance Apps on Android in Africa: Q2 2024 Performance
Discover how the leading consumer finance apps on Android performed in Africa during Q2 2024, including trends in downloads, revenue, and active users.
During the second quarter of 2024, the top consumer finance applications on the Android platform in Africa showcased varied trends in weekly downloads, revenue, and active users. Here’s a closer look at how the top five apps performed:
YNAB from ynab.com saw a noticeable increase in weekly downloads, peaking at 595 in the week of May 20. The app also experienced a steady rise in revenue, culminating at approximately $413 in the week of June 10. Weekly active users fluctuated, starting at 233 in early April and ending at 315 by the end of June.
Splitwise maintained a consistent download rate, with a high of 663 in mid-June. Revenue showed a slight upward trend, reaching $286 in the final week of June. The app's active user base remained robust, peaking at 2025 during the same period.
Wallet: Budget Expense Tracker by BudgetBakers exhibited strong download numbers, peaking at 1309 in late April. Revenue was relatively stable, with a slight increase to $246 by the end of June. Active users saw a downward trend, starting from 6854 in early April and settling at 5602 by the end of the quarter.
Mobills: Budget Planner from Toro Investimentos showed consistent revenue, peaking at $130 in the week of June 3. However, the app did not record any downloads during the quarter, and active users remained very low, with a peak of just 41 in late April.
Monefy - Budget & Expenses app by Reflective Technologies experienced a steady increase in downloads, peaking at 317 in mid-June. Revenue remained relatively stable, with minor fluctuations, ending at $85 in the last week of June. Weekly active users showed a slight decline, starting from 1012 in early April and ending at 1016 by the end of the quarter.
These insights are derived from Sensor Tower data. For more detailed analytics and trends, visit Sensor Tower.