Of course! Heck, I even have about 3 different apps like that on my own iPad that I toy around with. My idea of downtime usually means I am creating, doodling, playing around with potential new ideas. These apps are cool, easy to use, and can sometimes give you a really nice looking logo for your business.
Wait!? You’re telling me I don’t have to spend $$ to get a new logo?
Sure, I’m being honest. But…yeah, you knew there was a BUT…you should understand that there are limitations with those apps. Mainly the compatiblity of your logo, where you can use it, and the “in-app” purchases you often have to make to get that special font or design that you saw in the demo.
One other important thing is that when it comes time to edit the logo later on, manipulate it for different needs, you will see why purchasing a professional logo is so important. Take that logo and try to use it in marketing printed materials, or for an ad where you need a particular version/file type. Say you want to use the logo to have it screen printed onto a shirt, or create something else with it. That is when you will find the limitations with using logos like this.
I’m all for try it out, see how you like it, use it as a sounding board to get an idea of what you want/like for your branding. Then I recommend finding a designer who can work with you to expand on the design and offer you different options so you can make sure this new logo will fit your needs for years to come.