Comparison

DigiKolo vs CashMatrix

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

DigiKolo

Build a stronger savings habit with a secure, licensed platform offering attractive interest rates up to 21% PA. Set automated savings, create targeted plans for life goals, and participate in savings challenges with friends. Manage your funds effectively and prepare for the future.

Highlights
  • High interest rates up to 21% PA
  • Automated and flexible savings options
  • Targeted savings plans for life goals
  • Savings challenges with friends
  • Secure and licensed platform
  • 24/7 customer support
Features
Read full description

DigiKolo Savings app is a flexible, secure and a Licensed savings platform that enables you to build an improved savings culture while rewarding your consistence with as much as 21% interest PA. With Digikolo Savings App you can build your savings, manage your funds and even build a better financial future that is secured. On the Digikolo Savings App, you can: - Save Long-term, Short-term or towards Targeted Goals. - Start automated savings with as Low as 200 naira per day or weekly, monthly with our flexible savings offers. - Engage in a Savings challenge with friends and have bragging rights. - Use Target Plans to stay consistent towards Social & Life Goals like a date, Valentine, Weddings, Birthdays, School Fees, Retirement or even to start a new business. - Earn the HOOGE! interest on your savings as high as 21%. - Prepare for Unforeseen Incidents by having Rainy-day Savings. - Earn actual cash of up to 200 naira when you use your referral code to invite friends ad family. Turn your phone into a Digital-Kolo today There’s a host of reasons you should save on DigiKolo, but we will shorten it to 3 reasons: • Very attractive interest rate on DigiKolo (18.5%), DigiTarget (18.5%) and DigiLock (21%). • Easily Save and Invest with user-friendly tools. • Effectively Save for different purpose at the snap of your finger. Rest Assured we have you at the center of our operations. We never let you walk alone: We have a dedicated 24/7 customer support through the app, phone , email, Facebook, Instagram, YouTube, Twitter who are hard at work to ensure we serve you better. If you need advisor for help or enrolment support, we are always available. Why not take charge of your Financial Future now. Start planning for short and long term goals as well as emergencies by creating a savings plan with Digikolo. DigiKolo Saving App consist of the following features: • DigiKolo - Where you put money away either daily, weekly, or monthly for savings • DigiTarget - This plan helps you commit to a goal for a fixed period of time, it helps you save towards a goal or an event with a very return on your savings. • DigiLock - This is a fixed savings option that allows you to lock your savings for a particular period of time. Digikolo savings app is driven by Digital Space Capital Ltd. aimed at encouraging a proper savings culture for individuals with a financial goal. DigiKolo avails you the opportunity to do more with your money seamlessly be it just the conventional savings, target savings, or locking funds away for a period.

About

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.

Highlights
  • Free and fast transfers
  • Instant bill payments
  • Airtime and data purchase
  • Quick loans
  • Investment options
  • Real-time transaction tracking
  • 24/7 customer support
Features
Read full description

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

DigiKolo4 screens
CashMatrix4 screens

Verdict

The call

DigiKolo and CashMatrix both sit at 3.5 stars, but that hides the real split: 100% of DigiKolo's written reviews are positive against 43% of CashMatrix's. CashMatrix's advantage is update cadence (every 2 weeks vs monthly). On price, rating, ratings volume and ads 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

On the App Store both sit at effectively the same score — 3.5 for DigiKolo against 3.4 for CashMatrix. Both are backed by a comparable volume of ratings — 10 and 12 respectively. Written reviews are what separate them: 100% of DigiKolo's written reviews are positive against 43% of CashMatrix's.

UpkeepUpdate frequency

DigiKolo ships an update monthly, CashMatrix every 2 weeks. The most recent releases landed on October 24, 2026 and October 21, 2026 respectively.

Scorecard2 real differences · 8 level
DigiKolo versus CashMatrix: the parameters behind the verdict, then further details
ParameterDigiKoloCashMatrix
PriceFreeFree
Rating3.5 (10 ratings) — better3.4 (12 ratings)
Positive reviews100.0% of reviews — better42.9% of reviews
Number of ratings1012 — better
Update frequencyMonthlyEvery 2 weeks — better
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS15.615.6
Further details — not scored
Size31 MB78 MB
Age rating4+17+
DeveloperDigital Space Capital LimitedASSET MATRIX MICROFINANCE BANK LIMITED

Customer experience

DigiKolo

All ratings7 ratings
Positive42.9%
Neutral14.3%
Negative42.9%
Written reviews4 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

CashMatrix

All ratings10 ratings
Positive40.0%
Neutral10.0%
Negative50.0%
Written reviews7 reviews
Positive42.9%
Neutral0.0%
Negative57.1%

In-app purchases

None

DigiKolo

No in-app purchases

None

CashMatrix

No in-app purchases

Questions

Is DigiKolo free?
DigiKolo is free to download, with no in-app purchases.
Is CashMatrix free?
CashMatrix is free to download, with no in-app purchases.
Which has better reviews, DigiKolo or CashMatrix?
DigiKolo is rated higher. DigiKolo averages 3.5 out of 5 from 10 ratings, while CashMatrix averages 3.4 from 12 ratings.
Do DigiKolo or CashMatrix have ads?
Neither DigiKolo nor CashMatrix shows ads.
Which is updated more often, DigiKolo or CashMatrix?
DigiKolo ships an update monthly, and CashMatrix every 2 weeks. Most recently, DigiKolo was updated on October 24, 2026 and CashMatrix on October 21, 2026.

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