Mkobo vs Monéé Powered by Citygate
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!
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.
- 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
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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
Verdict
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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
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.
Mkobo ships an update every 10 days, Monéé Powered by Citygate every 12 months. Both last shipped on November 3, 2026.
| Parameter | Mkobo | Monéé Powered by Citygate |
|---|---|---|
| Price | Free | Free |
| Rating | 3.6 (7 ratings) | 5.0 (1 ratings) — better |
| Positive reviews | 100.0% of reviews | 100.0% of reviews |
| Number of ratings | 7 — better | 1 |
| Update frequency | Every 10 days — better | Every 12 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.6 | 12.0 — better |
| Further details — not scored | ||
| Size | 118 MB | 46 MB |
| Age rating | 17+ | 17+ |
| Developer | MKOBO Microfinance Bank | CITYGATE |
Customer experience
Mkobo
Monéé Powered by Citygate
In-app purchases
Mkobo
No in-app purchases
Monéé Powered by Citygate
No in-app purchases
Questions
Is Mkobo free?
Is Monéé Powered by Citygate free?
Which has better reviews, Mkobo or Monéé Powered by Citygate?
Do Mkobo or Monéé Powered by Citygate have ads?
Which is updated more often, Mkobo or Monéé Powered by Citygate?
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