Money254, Citizen Ranked Kenya's Best Mobile Apps
Money254 is Kenya’s first financial services comparison platform, which makes it easier for users to find, compare and apply for financial products based on their needs and eligibility.
Money254
Kenyan startup, Money254 has been ranked alongside the Royal Media Services (RMS) platform Citizen Digital as the best mobile app in Kenya in 2023.
Money254 is Kenya’s first financial services comparison platform, which makes it easier for users to find, compare and apply for financial products based on their needs and eligibility.
On Thursday evening, November 23, it was recognised as the best mobile app in Kenya’s Savings and Goal Tracking category, beating the likes of Stima Sacco, the second-largest sacco in Kenya; and SafCIRI App run by Safaricom Sacco to win gold in the awards during a ceremony held at Sarova Panafric Hotel, Nairobi.
Other apps in the category included Chumz, Mombo App, Cashlet App, Malipo App, and Chamasoft App.
The Money254 team at the 3rd Annual Vibrant Digital Mobile App Awards. From left to right: Chief Technology Officer Adam Versprille, Head of Engineering Sam Achola, and CEO Lorcan O Cathain. /MONEY254
Citizen Digital on the other hand won the Best Mobile App of the Year and the Best News and Information App during the 2023 Mobile App Awards.
Other categories included the Mobile App of the Year, Best Social Networking App, Best Educational App, Best Gaming App, Best Video on Demand App, Best Online Marketplace App and Best Health and Wellness App, among others.
NRG Radio won gold in the best radio app and the best Music and Entertainment categories. Retailer Carrefour was also one of the winners at the event dubbed the 3rd Annual Vibrant Digital Mobile App Awards.
Money254 is Kenya’s premier financial comparison platform that has been helping Kenyans make the most of their money over the past three years.
Through its website and mobile app, Money254 helps Kenyans make their financial decisions with confidence. This is made possible by independently verifying data about various financial products in the market and sharing it in one marketplace where Kenyans can compare and apply based on their needs.
The company came into the Kenyan market with the intention of filling an information gap with regard to information and choices availed to consumers about the financial products and services available to them.
Despite the existence of hundreds of financial products and a robust adult population of over 25 million, getting the full details on the financial products, including who is best suited for what - has been a big challenge for most Kenyans.
Through Money254.co.ke, Kenyans are able to compare information about personal loans, savings, credit cards, insurance, business loans, etc. The platform also offers financial literacy content - both of these services are offered free of charge.
“Earning this award in a category alongside some incredible financial institutions is both an honour and a profound testament to the relentless dedication of the Money254 team and the dynamic power of our community.
"We're deeply humbled by this recognition and look forward to continuing to ship products and features that help Kenyans to confidently make the most out of their money,” Money254 CEO Lorcan O Cathain said of the achievement.
In 2022, the Massachusetts Institute of Technology’s (MIT) FinTech Conference named Money254 as the grand prize winner of its 2022 FinTech Startup Pitch Competition.
The startup was selected from eight finalists out of more than 100 fintech startups globally, all of whom joined tech leaders at the MIT FinTech Conference in Cambridge, Massachusetts to make their final pitch in front of a global audience and industry-leading judges in late February.
The conference culminated in the award event for the FinTech Startup Pitch Competition, with Money254 being feted as the winner, taking home the grand prize of $30,000 (Ksh4.6 million).
