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According to mobile app data provider, App Annie, finance apps are crushing it both at home and abroad. The US recorded 55% growth in time spent in finance apps overall from the week of Jan 1 to peak week April 18, 2020, Japan and South Korea saw 85% and 90% jumps, and Germany and UK seeing 30% and 10% respectively.
Turning from the broader fintech app category (consumer fintech and finservices companies tend to be mobile-focused, and app-powered, so when we talk about fintech apps we’re discussing the consumer side of the sector) to what App Annie calls “Stock Market Monitoring and Trading Apps,” more extreme gains can be found. The same report notes that “weekly hours spent” in those applications rose 80% in the United States from a late January week to a late March week and a mid-April week, greater than the country’s 55% growth in time spent in fintech apps more generally.
