Comparison

Mkobo vs DigiKolo

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Mkobo

This neo-bank offers fair, simple, and affordable financial services to underserved populations. It provides interest on balances, free transfers, and cashback rewards, aiming to help users achieve their financial goals.

Highlights
  • Interest on balances
  • 30 free transfers monthly
  • Savings growth with Mkolo
  • No account maintenance fees
  • Bill payments with no extra cost
  • Cashback on airtime and data
Features
Read full description

Mkobobank is a neo-bank providing financial services that is fair, simple, and affordable to the underserved demography which will ultimately help to realise your dreams your. Download the Mkobobank app today Why Mkobobank? - Fairplay - Enjoy our Fairplay promise - say goodbye to those unfair bank charges! You earned the money and you deserve to keep it! - Interest on balances - Earn daily interest on your sitting balance! - Free Transfers - Get 30 Free transfers monthly! Thats 1 per day! - Mkolo - Grow your savings with Mkolo earn great return on your savings. - 0 Charges - NO account maintenance, NO minimum balance! - Bill payments - Pay for airtime, Electricity bill, Internet Data Subscription, etc at no extra cost. - Cash backs - Enjoy cashback on airtime and data subscription How to get started - Download the Mkobobank app - Sign up and create your bank account - Update and complete your profile - Upgrade to tier 2 or 3 by providing the required KYC. Enjoy fairplay banking Mkobobank - “Every Kobo Counts” Security Mkobo takes your security very seriously. We use highly bank-grade encryption to secure your personal data Regulatory Mkobo.bank is owned and managed by Mkobo Microfinance Bank Limited which is fully licensed by the Central Bank of Nigeria (CBN). All Customer deposits are protected by the Nigeria Deposit Insurance Corporation (NDIC). Get in Touch You can always reach us via the following channels: Social media: @mkobobank on Instagram, Twitter, LinkedIn, and Facebook. Email address - help@mkobo.com.ng Website - https://mkobo.bank We’d love to hear from you!

About

DigiKolo

Build a stronger savings habit with a secure, licensed platform offering attractive interest rates up to 21% PA. Set automated savings, create targeted plans for life goals, and participate in savings challenges with friends. Manage your funds effectively and prepare for the future.

Highlights
  • High interest rates up to 21% PA
  • Automated and flexible savings options
  • Targeted savings plans for life goals
  • Savings challenges with friends
  • Secure and licensed platform
  • 24/7 customer support
Features
Read full description

DigiKolo Savings app is a flexible, secure and a Licensed savings platform that enables you to build an improved savings culture while rewarding your consistence with as much as 21% interest PA. With Digikolo Savings App you can build your savings, manage your funds and even build a better financial future that is secured. On the Digikolo Savings App, you can: - Save Long-term, Short-term or towards Targeted Goals. - Start automated savings with as Low as 200 naira per day or weekly, monthly with our flexible savings offers. - Engage in a Savings challenge with friends and have bragging rights. - Use Target Plans to stay consistent towards Social & Life Goals like a date, Valentine, Weddings, Birthdays, School Fees, Retirement or even to start a new business. - Earn the HOOGE! interest on your savings as high as 21%. - Prepare for Unforeseen Incidents by having Rainy-day Savings. - Earn actual cash of up to 200 naira when you use your referral code to invite friends ad family. Turn your phone into a Digital-Kolo today There’s a host of reasons you should save on DigiKolo, but we will shorten it to 3 reasons: • Very attractive interest rate on DigiKolo (18.5%), DigiTarget (18.5%) and DigiLock (21%). • Easily Save and Invest with user-friendly tools. • Effectively Save for different purpose at the snap of your finger. Rest Assured we have you at the center of our operations. We never let you walk alone: We have a dedicated 24/7 customer support through the app, phone , email, Facebook, Instagram, YouTube, Twitter who are hard at work to ensure we serve you better. If you need advisor for help or enrolment support, we are always available. Why not take charge of your Financial Future now. Start planning for short and long term goals as well as emergencies by creating a savings plan with Digikolo. DigiKolo Saving App consist of the following features: • DigiKolo - Where you put money away either daily, weekly, or monthly for savings • DigiTarget - This plan helps you commit to a goal for a fixed period of time, it helps you save towards a goal or an event with a very return on your savings. • DigiLock - This is a fixed savings option that allows you to lock your savings for a particular period of time. Digikolo savings app is driven by Digital Space Capital Ltd. aimed at encouraging a proper savings culture for individuals with a financial goal. DigiKolo avails you the opportunity to do more with your money seamlessly be it just the conventional savings, target savings, or locking funds away for a period.

Screenshots

Mkobo4 screens
DigiKolo4 screens

Verdict

The call

The clearest difference is rating: Mkobo at 3.6 against DigiKolo's 3.1. Mkobo also leads on update cadence (every 9 days vs monthly). On price, review sentiment, ratings volume and ads 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

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

Mkobo holds the better App Store score, 3.6 against 3.1. Both are backed by a comparable volume of ratings — 7 and 7 respectively. Written reviews split almost evenly too, at 100% and 100% positive.

UpkeepUpdate frequency

Mkobo ships an update every 9 days, DigiKolo monthly. The most recent releases landed on October 3, 2026 and October 11, 2026 respectively.

Scorecard2 real differences · 8 level
Mkobo versus DigiKolo: the parameters behind the verdict, then further details
ParameterMkoboDigiKolo
PriceFreeFree
Rating3.6 (7 ratings) — better3.1 (7 ratings)
Positive reviews100.0% of reviews100.0% of reviews
Number of ratings77
Update frequencyEvery 9 days — betterMonthly
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS15.615.6
Further details — not scored
Size77 MB31 MB
Age rating17+4+
DeveloperMKOBO Microfinance BankDigital Space Capital Limited

Customer experience

Mkobo

All ratings7 ratings
Positive71.4%
Neutral0.0%
Negative28.6%
Written reviews1 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

DigiKolo

All ratings7 ratings
Positive42.9%
Neutral14.3%
Negative42.9%
Written reviews4 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

In-app purchases

None

Mkobo

No in-app purchases

None

DigiKolo

No in-app purchases

Questions

Is Mkobo free?
Mkobo is free to download, with no in-app purchases.
Is DigiKolo free?
DigiKolo is free to download, with no in-app purchases.
Which has better reviews, Mkobo or DigiKolo?
Mkobo is rated higher. Mkobo averages 3.6 out of 5 from 7 ratings, while DigiKolo averages 3.1 from 7 ratings.
Do Mkobo or DigiKolo have ads?
Neither Mkobo nor DigiKolo shows ads.
Which is updated more often, Mkobo or DigiKolo?
Mkobo ships an update every 9 days, and DigiKolo monthly. Most recently, Mkobo was updated on October 3, 2026 and DigiKolo on October 11, 2026.

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