Q1 2024 Snapshot: Top Personal Finance Apps in Australia on Android

In the first quarter of 2024, the personal finance app landscape on Android in Australia has seen varied performance across the board. Here's a look at how the top apps fared, with data sourced from Sensor Tower.

WeMoney: Pay off debt faster showed a fluctuating trend in downloads, peaking at 2.7M in mid-February before settling at 1.4M towards the end of March. Weekly active users data was not available, but the app generated revenue with an upward trend, closing the quarter with $810K in the last week.

Splitwise maintained a consistent download rate, hovering around 1.1M to 1.2M throughout the quarter. Revenue showed more volatility, with a high of $1.6M mid-February and a dip to $707K by March end. The app's weekly active users started strong at 12.6K but saw a slight decline, ending the quarter at 10.7K.

The Kit - Pocket Money App & Card experienced a downward trend in downloads, starting at 1.1M and dropping to 599K. As the app did not generate revenue, this trend suggests a decrease in user interest over the quarter.

Money Manager Expense & Budget started the quarter with $635K in revenue and downloads at 918K, but both metrics saw a decrease, with revenue at $341K and downloads at 434K by the end of March. The weekly active users also showed a slight downward trend, from 2.1K to 1.8K.

Lastly, Frollo had the lowest performance among the top apps, with downloads decreasing from 633K to 235K and no revenue generated. Active user data was not provided.

For more detailed insights and analysis on app performance, Sensor Tower's comprehensive reports offer a deeper dive into the trends and numbers behind these figures.