PennyTree vs Ellington MFB Personal
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
PennyTree
This financial app offers a range of services including bank transfers, bill payments, and personal savings vaults with high annual returns. It also provides business banking solutions for merchants, enabling easy payment reception, invoice generation, and real-time bank statements. Additionally, users can invest in brands through a crowdfunding platform.
- Personal savings vaults with high APY
- Bank transfers and bill payments
- Business banking with payment reception
- Invoice and receipt generation
- Crowdfunding investment platform
- Real-time bank statements
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PennyTree is a neo-bank that provides financial services in the most convenient way. You now have access to individual services like bank transfers, bill payments, and personal vaults for savings, where you can earn up to 27% per annum. With the Merchant Services offering, you can open a business banking account with a click of a button, receive payments from clients and vendors, generate invoices and receipts, download a stamped bank statement in real time, and transfer up to NGN5 million daily. What more? We have introduced our Crowdfunding Platform, where you can invest in your favorite brands from as low as NGN5,000 and earn a competitive return on investment.
Ellington MFB Personal
Securely manage your finances with a mobile banking platform designed for speed and reliability. This service prioritizes the protection of your funds and personal data, offering a top-tier banking experience.
- Fast and reliable banking
- Top-notch security
- Personal data protection
- Mobile banking platform
- Best service experience
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Experience fast and reliable banking through our mobile banking platform that ensures top-notch security for your money and data. Ellington make certain that you get the best service.
Screenshots
Verdict
The clearest difference is rating: Ellington MFB Personal at 5.0 against PennyTree's 3.7. PennyTree's advantage is ratings volume (9 vs 1). On price, update cadence, 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.
Ellington MFB Personal holds the better App Store score, 5.0 against 3.7. That said, the two scores are not equally well evidenced: PennyTree has 9 ratings behind it against 1, so its average is the more settled of the two.
Both ship on a similar rhythm, roughly every 2 weeks. The most recent releases landed on October 22, 2026 and October 9, 2026 respectively.
| Parameter | PennyTree | Ellington MFB Personal |
|---|---|---|
| Price | Free | Free |
| Rating | 3.7 (9 ratings) | 5.0 (1 ratings) — better |
| Positive reviews | 71.4% of reviews | — |
| Number of ratings | 9 — better | 1 |
| Update frequency | Every 2 weeks | Every 2 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPod | iPhone, iPad, iPod — better |
| Requires iOS | 14.0 — better | 15.1 |
| Further details — not scored | ||
| Size | 138 MB | 44 MB |
| Age rating | 4+ | 17+ |
| Developer | PennyTree Business Limited | Ellington Micro Finance Bank |
Customer experience
PennyTree
Ellington MFB Personal
In-app purchases
PennyTree
No in-app purchases
Ellington MFB Personal
No in-app purchases
Questions
Is PennyTree free?
Is Ellington MFB Personal free?
Which has better reviews, PennyTree or Ellington MFB Personal?
Do PennyTree or Ellington MFB Personal have ads?
Which is updated more often, PennyTree or Ellington MFB Personal?
Other comparisons
