Comparison

Mkobo vs Monéé Powered by Citygate

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

Monéé Powered by Citygate

Manage your finances with this app, offering short-term loans, high-interest savings, bill payments, and money transfers. It provides a secure platform to control your financial life and make smart savings and investment plans.

Highlights
  • Short-term loans up to ₦1,000,000
  • Minimum 13% interest on savings
  • Bill payments for any kind
  • Money transfer with low fees
  • Airtime and data recharge
  • Financial control and planning
Features
Read full description

Download Monéé and enjoy easy banking with access to: o Short term loans o Minimum of 13% interest on savings and investments. The more you save the more you earn! o Pay for your bills of any kind and also send money. o You have control over your financial life with Monéé. Monéé Interest Rate and Loan Repayment: o You can access from ₦2,500 up to ₦1,000,000 o No collateral, no guarantor, no unnecessary document is required o Loan is approved and disbursed in a few minutes o Make repayments over a maximum period of 360 days (12 Months) o Daily interest rate ranges from 0.083% - 0.09% and equivalent monthly interest rate ranges from 2.5% - 2.7%. o Annual Percentage Rate (APR) from 30.5% - 36%. o No processing fees o No penalty charge on late payment Example: for a loan of ₦30,000 for 90 days, Monéé charges 2.5% monthly interest with APR of 30.5%. See repayment breakdown below: Loan Amount: ₦30,000 Loan Tenure: 3 months (90 days) Number of Repayments: 3 Monthly Interest Rate: 2.5% Monthly Interest Amount: ₦750 Monthly repayment: ₦10,750 Total Interest (for 3 months): ₦2,250 Total amount payable: ₦32,250 APR: 30.5%. Save With High Return on Your Investment: Instead of going to the bank for a savings account, with Monéé, you have your account in your pocket. Make more money while you save instead of just saving and losing the whole money. Save smart with Monéé. Fund Transfer Made Easy with Monéé: Send money to your loved ones anytime with just N10 transfer fee irrespective of transaction amount. It is secure and is the best. Life is more interesting with our loved ones happy. Make Seamless Bill Payment of Any Kind: Pay for any kind of bill you can think of, Select and pay. Why not try Monéé. Monéé will make your life easier. Airtime and Data Recharge: Purchase airtime/data on the go with Monéé App. About Monéé: Monéé, a Mobile Loan, Savings, Investment, Bill Payment and Funds Transfer application powered by Citygate Global Investment Limited, a Microfinance Institution with over 13 years’ experience in the Finance Sector. It is both a financial service and a financial platform that enhances the quality of its user’s lives by giving them a needed financial boost when they need it and by providing a means for them to make targeted Savings and Investment plans. Contact us via: Email: support@monee.ng info@monee.ng hello@monee.ng Call: 070024894283, 012919739 Visit: monee.ng Like on Facebook: https://web.facebook.com/ Monéé Follow on Instagram: moneesupport Follow on Twitter: @moneesupport

Screenshots

Mkobo4 screens
Monéé Powered by Citygate4 screens

Verdict

The call

The clearest difference is rating: Monéé Powered by Citygate at 5.0 against Mkobo's 3.6. Monéé Powered by Citygate also leads on iOS requirement (12.0 vs 15.6). Mkobo's advantage is update cadence (every 10 days vs every 12 months) and ratings volume (7 vs 1). On price, review sentiment, ads and in-app purchases 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

Monéé Powered by Citygate holds the better App Store score, 5.0 against 3.6. That said, the two scores are not equally well evidenced: Mkobo has 7 ratings behind it against 1, so its average is the more settled of the two. Written reviews split almost evenly too, at 100% and 100% positive.

UpkeepUpdate frequency

Mkobo ships an update every 10 days, Monéé Powered by Citygate every 12 months. Both last shipped on November 3, 2026.

Scorecard4 real differences · 6 level
Mkobo versus Monéé Powered by Citygate: the parameters behind the verdict, then further details
ParameterMkoboMonéé Powered by Citygate
PriceFreeFree
Rating3.6 (7 ratings)5.0 (1 ratings) — better
Positive reviews100.0% of reviews100.0% of reviews
Number of ratings7 — better1
Update frequencyEvery 10 days — betterEvery 12 months
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS15.612.0 — better
Further details — not scored
Size118 MB46 MB
Age rating17+17+
DeveloperMKOBO Microfinance BankCITYGATE

Customer experience

Mkobo

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

Monéé Powered by Citygate

All ratings1 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews1 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

In-app purchases

None

Mkobo

No in-app purchases

None

Monéé Powered by Citygate

No in-app purchases

Questions

Is Mkobo free?
Mkobo is free to download, with no in-app purchases.
Is Monéé Powered by Citygate free?
Monéé Powered by Citygate is free to download, with no in-app purchases.
Which has better reviews, Mkobo or Monéé Powered by Citygate?
Monéé Powered by Citygate is rated higher. Mkobo averages 3.6 out of 5 from 7 ratings, while Monéé Powered by Citygate averages 5.0 from 1 ratings.
Do Mkobo or Monéé Powered by Citygate have ads?
Neither Mkobo nor Monéé Powered by Citygate shows ads.
Which is updated more often, Mkobo or Monéé Powered by Citygate?
Mkobo ships an update every 10 days, and Monéé Powered by Citygate every 12 months. Most recently, Mkobo was updated on November 3, 2026 and Monéé Powered by Citygate on November 3, 2026.

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