Mkobo vs CashMatrix
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!
CashMatrix
Manage your finances with a user-friendly banking app offering fast transfers, instant bill payments, and airtime top-ups. Access quick loans, make investments with competitive interest rates, and track transactions in real-time. Enjoy 24/7 customer support and enhanced security for your financial information.
- Free and fast transfers
- Instant bill payments
- Airtime and data purchase
- Quick loans
- Investment options
- Real-time transaction tracking
- 24/7 customer support
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We understand how busy life can get and we don't want banking to get in the way that's why we've made CashMatrix App. Some of our key features are: Free and fast Transfers Instant bill payments Airtime top-up and data purchase Quick loans with flexible repayment options Investment with competitive interest rates Real-time transaction tracking 24/7 customer support Our app has a user-friendly interface and also features enhanced security measures to protect your personal and financial information. Download now and enjoy the freedom of banking at ease anytime, anywhere. Cashmatrix is a digital product of Asset Matrix Microfinance Bank Limited (AMMFB)
Screenshots
Verdict
Mkobo and CashMatrix both sit at 3.6 stars, but that hides the real split: 100% of Mkobo's written reviews are positive against 43% of CashMatrix's. 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.
Mkobo holds the better App Store score, 3.6 against 3.4. Both are backed by a comparable volume of ratings — 7 and 12 respectively. Written reviews point the same way: 100% of Mkobo's written reviews are positive against 43% of CashMatrix's.
Mkobo ships an update every 10 days, CashMatrix every 2 weeks. The most recent releases landed on October 24, 2026 and October 21, 2026 respectively.
| Parameter | Mkobo | CashMatrix |
|---|---|---|
| Price | Free | Free |
| Rating | 3.6 (7 ratings) — better | 3.4 (12 ratings) |
| Positive reviews | 100.0% of reviews — better | 42.9% of reviews |
| Number of ratings | 7 | 12 — better |
| Update frequency | Every 10 days — better | Every 2 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.6 | 15.6 |
| Further details — not scored | ||
| Size | 118 MB | 78 MB |
| Age rating | 17+ | 17+ |
| Developer | MKOBO Microfinance Bank | ASSET MATRIX MICROFINANCE BANK LIMITED |
Customer experience
Mkobo
CashMatrix
In-app purchases
Mkobo
No in-app purchases
CashMatrix
No in-app purchases
