Mkobo vs Aku
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
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.
- 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
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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!
Aku
This mobile banking app simplifies payments and offers a seamless experience across multiple funding sources. Send and receive money instantly and securely, and grow your wealth with attractive reward packages.
- Simplified banking and payments
- Zero annual or monthly maintenance fees
- Seamless experience across multiple funding sources
- Instant and secure money transfer
- Wealth growth with reward packages
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Say hello to a new style of mobile banking Aku is designed to simplify banking and payments at every point of sale. Our accounts attract zero annual or monthly maintenance fees. Bank for free with us. Break the wheel of multiple banking platforms Enjoy an intuitive, hassle-free, and seamless banking experience across multiple funding sources. Use AkuPay to send and receive money instantly and securely! Grow your wealth with ease Aku offers rewards at every turn through our wealth packages.
Screenshots
Verdict
The clearest difference is ads: Mkobo at none against Aku's shown. Mkobo also leads on review sentiment (100% vs 67%) and monetization model (free vs ad-supported). Aku's advantage is iOS requirement (13.0 vs 15.6). On price, rating, ratings volume and update cadence 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.
Aku holds the better App Store score, 3.8 against 3.6. Both are backed by a comparable volume of ratings — 7 and 20 respectively. Written reviews complicate that: 100% of Mkobo's written reviews are positive against 67% of Aku's, so the app with the better star average is not the one people write more warmly about.
Mkobo ships an update every 10 days, Aku fortnightly. Both last shipped on November 3, 2026.
| Parameter | Mkobo | Aku |
|---|---|---|
| Price | Free | Free |
| Rating | 3.6 (7 ratings) | 3.8 (20 ratings) — better |
| Positive reviews | 100.0% of reviews — better | 66.7% of reviews |
| Number of ratings | 7 | 20 — better |
| Update frequency | Every 10 days — better | Fortnightly |
| Ads | No — better | Yes |
| In-app purchases | No | No |
| Monetization | Free — better | Ad-supported |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 15.6 | 13.0 — better |
| Further details — not scored | ||
| Size | 118 MB | 126 MB |
| Age rating | 17+ | 17+ |
| Developer | MKOBO Microfinance Bank | Aku Fintech Inc |
Customer experience
Mkobo
Aku
In-app purchases
Mkobo
No in-app purchases
Aku
No in-app purchases
