Chamasoft vs Peak Financial
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Chamasoft
This app automates financial bookkeeping for investment groups, replacing manual methods. It manages member invoicing, payments, and provides online access to financial statements. Features include an e-wallet, expense tracking, and financial reporting.
- Automated member invoicing
- Online member financial statements
- E-Wallet for payments and withdrawals
- Expense and project tracking
- Financial reporting
- Loan management
- Penalty management
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Chamasoft is a book keeping tool for Investment Groups ( Chama ), commonly known as Chamas. Chamasoft automates the operations of these groups, eliminating the need for complex Excel sheets and bulky write up, thereby making the work of financial book keeping within the group easier. It achieves this in the following way: 1. It automates member invoicing, 2. Keeps an updated statement for each member, 3. Members can login to view their financial position within the group, 4. Reminds members to make payments, stores group data on the cloud (available 24/7 anywhere in the world) and 5. A cash book module for use by the Treasurer. FEATURES: - Chamasoft E-Wallet Chamasoft provides an online E-Wallet that chamas can use to manage their finances by making payments via M-Pesa and withdrawals to M-Pesa or any bank account. - Financial Management Chamasoft acts as an online treasurer. All one does is record payments and Chamasoft reconciles the records. - Membership Management Chamasoft allows one to register all members on the system where they access to their chama records online. - Bank Account Management Chamasoft records withdrawals, transfers and deposits that are performed on the bank accounts. - Expense Management Chamasoft allows users to track expenses as they occur, be it for land purchases or payments for services. - Project Management One can track projects e.g. Expenses regarding purchase of land, and the contributions needed to carry out the project. - Loan Management For chamas that do internal lending, Chamasoft provides a platform for recording these loans. - Financial Reports Chamasoft generates the following reports; Member Statements, Loan Summaries, Expense Summary and Transaction Statements. - One Time Penalty Management One can penalise members for issues such a late coming and this will be reflected on the members' statement. CHAMASOFT Focus on your Group Investments (chama, sacco) as we handle your group financial administration. Do not wait — Download and automate your group, chama or sacco now!
Peak Financial
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This Mobile App is for Clients of Peak Financial to view portfolio information and contact their advisor.
Screenshots
Verdict
The clearest difference is update cadence: Chamasoft at every 2 months against Peak Financial's every 6 months. On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Chamasoft ships an update every 2 months, Peak Financial every 6 months. The most recent releases landed on November 3, 2026 and October 25, 2026 respectively.
| Parameter | Chamasoft | Peak Financial |
|---|---|---|
| Price | Free | Free |
| Rating | 1.0 (1 ratings) — better | — |
| Number of ratings | 1 — better | — |
| Update frequency | Every 2 months — better | Every 6 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 — better | 15.6 |
| Further details — not scored | ||
| Size | 47 MB | 61 MB |
| Age rating | 4+ | 4+ |
| Developer | Digital Vision East Africa | Peak Financial Management, Inc. |
In-app purchases
Chamasoft
No in-app purchases
Peak Financial
No in-app purchases
Questions
Is Chamasoft free?
Is Peak Financial free?
Do Chamasoft or Peak Financial have ads?
Which is updated more often, Chamasoft or Peak Financial?
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