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AI Insights · Timothy · October 2023
Top 5 Personal Finance Budgeting and Planning Apps in South Africa Q3 2023
Explore the performance of the top 5 personal finance budgeting and planning apps on a unified platform in South Africa during Q3 2023, with insights from Sensor Tower.
Throughout Q3 2023, the top five personal finance budgeting and planning apps in South Africa showed diverse performance trends based on downloads, revenue, and active users. Here’s a closer look at each app's metrics.
FinCal666, developed by Khunrit Suphat, saw a dramatic increase in weekly downloads early in the quarter, reaching a peak of approximately 12K in mid-July. By the end of September, downloads had significantly decreased to around 250.
Splitwise experienced consistent weekly revenue growth, starting from $111 in late June and peaking at $218 in mid-September. Weekly downloads ranged between 640 and 1K, while active users remained relatively stable, fluctuating between 2.8K and 3.4K throughout the quarter.
22seven: Budget, Track & Save, a South African app, generated modest weekly revenue, maintaining figures between $7 and $13. Weekly downloads saw a slight decline from 1.1K to approximately 650 towards the end of September. Active users consistently hovered around 1.5K to 1.8K.
Simfolio - Financial Planner showed varied revenue growth, with a peak of $138 in late August. Weekly downloads peaked at 714 in the same period and then declined to around 350 by the end of September.
Bank Balance Check saw a steady increase in weekly downloads, starting from 311 at the end of June and reaching 679 by the end of September.
These insights provide a snapshot of the diverse trends in the personal finance app market in South Africa. For more detailed analytics and insights, visit Sensor Tower.
