Top 5 Personal Finance Budgeting Apps on Android in Nigeria Q1 2023

In Q1 2023, the top 5 personal finance budgeting and planning applications on Android in Nigeria showcased varied performances in terms of downloads, revenue, and active users. Here’s a detailed look at their trends.

Wallet: Budget Expense Tracker from BudgetBakers experienced fluctuations in weekly revenue, peaking at around $23 in the first week of January and stabilizing at approximately $21 by the end of March. Weekly downloads saw a notable drop, starting strong with 838 in the first week of January and dipping to 179 by the end of the quarter. Active users initially increased to 2.5K in late January but gradually declined to 1.6K by the end of March.

Monefy - Budget & Expenses app by Reflective Technologies showed a steady revenue pattern, starting at $20 in late December and maintaining around $16 towards the end of March. However, its download numbers were inconsistent, with a peak of 376 in late January and no downloads recorded for most of the quarter. Active users also saw a downward trend, starting at 102 in early January and dropping to 24 by the end of March.

Budget planner—Expense tracker from Battery Stats Saver had a relatively stable revenue stream, starting at $26 in late December and ending at $21 in late March. The app had a significant drop in downloads, with no downloads recorded for most of the quarter after peaking at 145 in the first week of January. Active users decreased steadily from 216 in early January to 80 by the end of March.

Money Lover - Spending Manager by Finsify showed a consistent revenue pattern, with minor fluctuations, peaking at $20 in late January. Weekly downloads saw variability, with a high of 904 in mid-January and no downloads recorded in the first and third weeks of March. Active users peaked at 2.7K in mid-January but gradually declined to 1.9K by the end of March.

YNAB by ynab.com had a modest revenue performance, starting at $4 in early January and peaking at $28 in early February. However, no downloads were recorded throughout the quarter, and data on active users was unavailable.

These insights are derived from data provided by Sensor Tower. For more detailed analytics and trends, visit Sensor Tower.