Top 5 Consumer Finance Apps in Africa in Q1 2024

In the first quarter of 2024, the top five consumer finance apps in Africa demonstrated diverse performance metrics in terms of weekly downloads and active users. The data, sourced from Sensor Tower, provides insights into the key trends observed for each app.

Moniepoint Personal Banking saw a significant increase in weekly downloads, peaking at around 165K in mid-March. Throughout the quarter, active users consistently grew from approximately 432K in early January to 625K by the end of March.

Capitec Bank experienced a strong upward trend in downloads, which surged to 176K in mid-March. Active users also saw consistent growth, starting at 3.08M in early January and reaching 3.64M by the end of the quarter.

Moniepoint Business Banking reported a gradual increase in downloads, with the highest figures recorded at approximately 115K in mid-March. Active users rose steadily throughout the quarter, growing from around 359K in early January to 529K by the end of March.

BaridiMob had a consistent download rate, peaking at about 69K in late February. Active users fluctuated but generally increased, starting at 693K in early January and reaching 747K by the end of March.

Lastly, UBA Mobile Banking showed an upward trend in weekly downloads, with a peak of approximately 77K in mid-February. Active users grew from about 569K in early January to 625K by the end of March.

For more detailed insights into the performance of these apps and others, visit Sensor Tower.