Comparison

Mkobo vs Veend

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

Veend

Features
Read full description

Veend app provides a user-focused experience to customers across Africa, offering them access to a new and refined credit experience. Our mobile app was introduced to customers with an idea of providing them a fluider interface, from their mobile phone, to reach our premium services. With convenience being part of our foremost drive, the mobile app features easy-to-navigate user experience/interface, and very responsive operations. With The Veend App, users can operate an all-in-one mobile app experience, which includes: Money transfer: The mobile app enables users, to within seconds, send money across borders to their loved ones, friends and families without experiencing service delays. Bill payment: Users can conveniently make payment for services they're subscribed to, without relying on the service outlets of these service providers. It's all automated to make payment of utilities seamless. Credit/Debit Card servicing: As a Veend mobile app user and an existing customer looking at accessing various card-enabled services, the mobile app is a gateway to this. The app provides an environment where these card services can be requested for, used for other services we offer, and most importantly, access credit and other finance-oriented opportunities we offer, all done in an easy and seamless manner. To ensure all the services the Veend mobile app executes run smoothly, the app features a feedback channel where all concerns, feedback, and requests can reach us and be attended to. -Install and Sign up at Zero cost. -User-friendly -Fast and responsive -Open to feedback 24/7

Screenshots

Mkobo4 screens
Veend3 screens

Verdict

The call

The clearest difference is update cadence: Mkobo at every 9 days against Veend's every 5 weeks. Veend's advantage is iOS requirement (12.4 vs 15.6). On price, ads, in-app purchases and device support 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.

UpkeepUpdate frequency

Mkobo ships an update every 9 days, Veend every 5 weeks. The most recent releases landed on July 23, 2026 and September 28, 2026 respectively.

Scorecard2 real differences · 8 level
Mkobo versus Veend: the parameters behind the verdict, then further details
ParameterMkoboVeend
PriceFreeFree
Rating3.6 (7 ratings) — better—
Positive reviews100.0% of reviews—
Number of ratings7 — better—
Update frequencyEvery 9 days — betterEvery 5 weeks
AdsNoNo
In-app purchasesNoNo
MonetizationFree—
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.612.4 — better
Further details — not scored
Size77 MB17 MB
Age rating17+4+
DeveloperMKOBO Microfinance BankVeendHQ Limited

In-app purchases

None

Mkobo

No in-app purchases

None

Veend

No in-app purchases

Questions

Is Mkobo free?
Mkobo is free to download, with no in-app purchases.
Is Veend free?
Veend is free to download, with no in-app purchases.
Do Mkobo or Veend have ads?
Neither Mkobo nor Veend shows ads.
Which is updated more often, Mkobo or Veend?
Mkobo ships an update every 9 days, and Veend every 5 weeks. Most recently, Mkobo was updated on July 23, 2026 and Veend on September 28, 2026.

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