Investment apps are growing in Nigeria and millennials are embracing them, moving away from the traditional savings model or securities firms to financial technology-backed platforms.
The aim of these applications is to offer a hassle-free investment experience.
The mobile investment apps allow individuals – customers, investors, experts and even beginners- to save money with the option of investing in securities such as stocks, bonds, mutual funds, and the Agric sector.
While stockbrokers are still available to execute trades on behalf of investors, these apps allow you to take control of trading with your phone. Due to the risk involved in trading securities, you are advised to consult an investment professional before parting with your money. Whether you want to buy stock in banks, listed telcos, or insurance firms, a few taps on your phone screen can get you on your way.
Here are some of the apps on Android and iPhones that can help you grow your investment portfolios, make you rich and self-sufficient without stress.
CowryWise – For savings and investment
CowryWise is a financial technology company that helps people save and invest through a mobile application. With CowryWise you can invest in low, medium and high-risk investments. Some of these investments include Nigerian Eurobond, Mutual funds and other money market securities provided by third parties.
PiggyVest formerly PiggyBank – for savings and investment
Advancing the old method of savings through piggy or native ‘kolo’, PiggyVest radicalises the form of saving in an online platform with an interest rate on it.
Investment interest – Savings, Mutual funds, and others
Investment One – savings, investment and private banking
Investment One is part of GTB Asset Management wholly owned subsidiary of Guaranty Trust Bank Plc (GTB).
Investment One offers distinctive business in financial services such as asset management, stockbroking, trust and pension fund management services, and others.
Interest rate: Varies
Investments: Savings, Investment banking, and private banking
Afrinvest (Afrinvestor) – Investment banking – Stocks, Bonds, and Treasury bills
Afrinvest focuses on West African markets with activities including investment banking, securities trading, asset management, and investment research.
Interest rate: Varies
Investments: Investment banking, Treasury bills
I-invest – Treasury bills
I-invest is a pan African inter-brokerage service firm in partnership with Sterling Bank Plc. The platform helps both new and experienced investors match their investment maturities to their needs.
The platform also covers West African market with the risk-free treasury bills.
Stanbic IBTC pension app – financial services, pensions and wealth management products, and services.
Stanbic IBTC provides both local and foreign investors various investment packages such as pensions, wealth management products, real estate, traditional loan calls and financial services including mutual funds
Savings interest rate: varies
FBN Edge – Mutual funds investment app, liquidity management and independent portfolios.
FBN Edge is a product of FBNQuest Asset Management, a subsidiary of FBN Holdings company. The app allows customers and potential investors to open mutual funds accounts and track investment flows.
Savings interest: varies
Investments: Money market funds, fixed income
Wema Bank Alat
ALAT is a fully digital bank designed one of Nigeria’s oldest banks, Wema Bank, to help people save more with certain interest rate. Alat.ng processing automated deposit from your account and allow you to earn as you save.
Wealth.ng – Investments – Fixed Income, Stocks, Savings, Agriculture
Wealth.ng app is a self-service investment platform that makes it easy for users to invest in Treasury Bills, Stocks, Mutual Funds, and Real Estate and monitor their portfolio in real-time.
You can do this anytime and anywhere! It is presently one of the fastest-growing online trading platforms in Nigeria with the flexibility of cashing out your fund at anytime.