Top 5 Finance Apps on Android in Africa in Q1 2022

Throughout the first quarter of 2022, the top finance applications on the Android platform in Africa showed varied performance in terms of downloads, active users, and revenue. Here’s a closer look at the trends from Sensor Tower data:

EaseMoni—Instant loan online from Blue Ridge Microfinance Bank Limited saw significant fluctuations in weekly downloads. The highest downloads were recorded in mid-January, peaking at around 205K. However, by the end of March, downloads had dropped to approximately 19K. Weekly active users followed a similar trend, reaching a high of approximately 470K in early January before declining to around 215K by the end of March.

M-PESA, published by Safaricom Limited, experienced a notable increase in weekly downloads, starting at around 22K in late December and peaking at approximately 205K in early February. Weekly active users remained robust throughout the quarter, maintaining an average of around 2.7M users, with a peak of 3.2M in early February.

FairMoney—Instant loans & more from a digital bank had a relatively stable download rate, averaging around 80K per week. The highest downloads were seen in mid-March, reaching approximately 83K. Active users fluctuated slightly but generally remained around 600K, peaking at about 614K in mid-March.

Capitec Bank demonstrated a consistent increase in weekly downloads, with a significant spike in mid-March, reaching approximately 135K. Weekly active users showed a steady rise, starting from around 2.2M at the beginning of the quarter and ending at approximately 2.6M by the end of March.

MetaLending-Instant cash loan from OpenCloud Financial Services experienced dramatic spikes in downloads, notably in mid-January with approximately 209K downloads. Active users increased correspondingly, peaking at around 243K in late February before stabilizing around 154K by the end of March.

For more detailed insights and comprehensive data, visit Sensor Tower.