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AI Insights · Timothy · July 2024

Top 5 Personal Finance Budgeting and Planning Apps in UAE for Q2 2024

Discover the performance trends of the top 5 personal finance budgeting and planning apps in the UAE for Q2 2024, with insights on downloads and revenues.

Top 5 Personal Finance Budgeting and Planning Apps in UAE for Q2 2024

In Q2 2024, the top personal finance budgeting and planning apps in the United Arab Emirates showcased varying trends in weekly downloads, revenues, and active users. Here’s a detailed look at their performance.

MySalary - Manage your money experienced a fluctuating trend in weekly downloads. Starting at 2.2K downloads in early April, the app saw a decrease to 1.2K the following week, with a slight recovery mid-quarter, peaking at 1.8K in early May. By the end of June, downloads had dropped to around 560.

Splitwise saw consistent weekly revenue, maintaining approximately $500 to $800 throughout the quarter. Downloads were more volatile, starting at 1.2K in early April and peaking at 2.3K in the second week. Afterward, downloads fluctuated, ending at 875 by the last week of June. Weekly active users peaked at 12.3K in the second week of April and saw minor fluctuations, ending the quarter around 9.3K.

Sav - Savings are Rewarded had a varied revenue stream, starting at $202 in early April and ending at $4 by late June. Downloads began at 1.2K and saw a peak of 1.7K by the end of April, followed by a steady decline to 217 by the last week of June.

LoanPro - Loan EMI Calculator saw a significant spike in downloads, starting at 177 in late April and reaching 5.5K by early May. However, the app did not generate any revenue throughout the quarter.

LoanTool : EMI Loan Calculator was launched in early June and quickly gained traction. Downloads started at 458 in the first week and peaked at 4.4K in the second week, before slightly dropping to 3.3K in the third week. The app did not report any revenue during the period.

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Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: July 2024