# Equity Mobile vs Kobo Financial

The clearest difference is iOS requirement: Equity Mobile at 13.0 against Kobo Financial's 15.0. On price, update cadence, ads and in-app purchases there is nothing between them.

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

Equity Mobile ships an update fortnightly, Kobo Financial every 4 weeks. The most recent releases landed on October 30, 2026 and October 9, 2026 respectively.

## The numbers

| Metric | Equity Mobile | Kobo Financial |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.8 (6.8K ratings)](https://appshunter.io/ios/app/equity-mobile/id1569017982/reviews)** | — |
| Number of ratings | **6.8K** | — |
| Positive reviews | 75.4% of reviews | — |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Fortnightly** | Every 4 weeks |
| Monetization | Free | — |
| Size | 203 MB | 56 MB |
| Requires iOS | **13.0** | 15.0 |
| Devices | iPhone, iPod | iPhone, iPod |
| Age rating | 4+ | 12+ |
| Developer | [Equity Group Holding](https://appshunter.io/developer/1524361029) | [Retirement Education Resource Center of North America, Inc.](https://appshunter.io/developer/1739777100) |

## What reviewers say

### Equity Mobile

[App page](https://appshunter.io/ios/app/equity-mobile/id1569017982)

Manage your finances and lifestyle needs from a single platform. This app allows you to view balances, pay bills, transfer funds, and even open accounts instantly. Securely access your financial information and perform transactions on the go.

**Highlights:** Instant account opening, View account balances and transactions, Pay bills and buy goods, Send money locally and internationally, Block lost cards, Borrow and manage loans, Biometric sign-in

**In-app purchases:** none

**What reviewers like**

- 👍 Easy and simple to use
- 🚀 Fast and efficient
- 💳 Convenient mobile banking
- 🤝 Excellent customer service
- 🔒 Reliable and secure

**What reviewers complain about**

- 🐛 Bugs and glitches
- 🔍 Incomplete functionality
- 💸 Expensive fees
- 🕰️ Slow app performance
- 🔑 Login issues

**Reported bugs**

- Unable to log in after app updates
- Verification options not working
- Buy goods and Paybill services not functioning
- Transactions not reflecting in account
- App crashes on launch

**Requested features**

- Download and view transaction receipts
- Access account statements for specific dates
- Integrate with mobile money services
- Add virtual card feature
- Improve multi-factor authentication


### Kobo Financial

[App page](https://appshunter.io/ios/app/kobo-financial/id6764326076)

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is Equity Mobile free?

Equity Mobile is free to download, with no in-app purchases.

### Is Kobo Financial free?

Kobo Financial is free to download, with no in-app purchases.

### Do Equity Mobile or Kobo Financial have ads?

Neither Equity Mobile nor Kobo Financial shows ads.

### Which is updated more often, Equity Mobile or Kobo Financial?

Equity Mobile ships an update fortnightly, and Kobo Financial every 4 weeks. Most recently, Equity Mobile was updated on October 30, 2026 and Kobo Financial on October 9, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*