AI Insights · Timothy · July 2024
Top 5 Finance Apps on iOS in Nigeria for Q2 2024
Discover the performance trends of the top 5 finance applications on iOS in Nigeria during the second quarter of 2024, based on Sensor Tower data.
During the second quarter of 2024, the top 5 finance apps on the iOS platform in Nigeria showed varied performance trends. Here's a closer look at the weekly downloads, revenue, and active user metrics for these leading apps.
OPay-We are beyond Banking had a notable presence with its weekly downloads fluctuating throughout the quarter. Starting at around 67.6K in the first week of April, downloads saw a dip to 24.5K in mid-May but ended strong at approximately 45.9K in the last week of June. Weekly active users began the quarter at 695.8K, dropping to a low of 564.9K in late April, and then stabilizing around 605.1K by the end of June.
Tonkeeper — TON Wallet experienced significant growth in weekly downloads, starting from 5.1K in early April and peaking at 99.4K in mid-June. Weekly revenue followed an upward trajectory, reaching about $165 in early June. Active users also saw a substantial increase, beginning at 10.8K in April and soaring to 167.8K by the end of June.
PalmPay - Transfers, Bills showed a steady increase in weekly downloads, beginning at 24K in early April and peaking at 67.6K in late April. Active users started at 318.8K, saw a dip to 240.2K in mid-May, but ended the quarter at 326.9K.
Bybit: Buy & Trade Crypto had a varied download trend, beginning at 12.6K in early April, peaking at 46.7K in late May, and decreasing to 16K by the end of June. Active users saw a rise from 34.8K at the start of the quarter to a peak of 68.9K in late May, before settling at 51.6K at the quarter's end.
Binance: Buy Bitcoin & Crypto showed a dramatic increase in weekly downloads, starting at 6K in early April and reaching a high of 57.6K in early June. Active users followed a similar pattern, beginning at 49.8K in April, peaking at 62.1K in early June, and ending at 51.8K by the end of the quarter.
These trends highlight the dynamic nature of the finance app market in Nigeria. For more detailed insights and data, visit Sensor Tower.