Digitalk World : Best Investment Platforms in Nigeria 2023

Wednesday 5 January 2022

Best Investment Platforms in Nigeria 2023 | Digitalk World

At DIGITALK WORLD, we've help you look at the platforms you could invest and save in 2022. It is True that Money isn’t everything but happiness alone can’t keep out the rain. That is why investing is a crucial part of building your wealth.

There are diversity of investment platforms in Nigeria that allow you to invest in almost any assets, from crowdfunding agricultural farms and real estate properties to investing in treasury bills and even local and foreign stocks.

In this Year edition, we will go through our picks of the best investment platforms in Nigeria.

You can be confident that all these platforms have been Checked Thoroughly and found genuine and secure. So your money isn’t going to go into thin air.

List Top Investment Platforms in Nigeria.

Piggyvest

Risevest

Cowrywise

Trove

Carbon

Bamboo

Chaka

Payday Investor by ARM

I-invest

Fint

Farmcrowdy(Crowdyvest)

e-Farms

1.PiggyVest (Formerly Piggybank)

piggyvest review | online investment platforms in nigeria

PiggyVest is another online investment platform in Nigeria that has simplified saving and investing money in Nigeria via the internet.

This company started out as a purely digital savings company, it quickly became an investment medium because of its high-interest rates. PiggyVest allows people to invest in its mix of investment options.

Product features of Piggyvest

Platforms: Android, iOS

Interest rate: Over 10% per annum

Withdrawal charges: 5% fee for withdrawals outside fixed withdrawal days( 4 free-of-charge withdrawal days annually)

Investment plan: Dollar wallet savings, SafeLock Savings, Target savings, Investment options, and Core savings, Other features: PiggyFlex, SafeLock and Target savings.

Piggylink ID: Joshubaba

Referral: Click here PiggyVest

2. Risevest

Risevest is one of the online investment platforms in Nigeria that allows you to invest in foreign stocks. You can also invest in American real estate and fixed income assets (dollar-denominated bonds)

It is one of the only online investment platforms in Nigeria where you can choose an investment plan and the company’s team of investment experts handle the rest.

Think of it as an automated dollar investment company in Nigeria where you earn dollar returns.

You can start investing on the Risevest app with as low as $10 or N5000.

With Risevest, you can start investing in dollars in Nigeria using only their smartphone.

Referral: Use this Code "4TICLAS8"

Rise’s historical annual returns on US stocks is about 14%, making it one of the best mediums to invest in foreign stocks from Nigeria.

However, actual returns depend on the market.

Product Features of Rise App

Platforms: Android, iOS

Interest rate: 10% to 15%

Minimum investment amount: $10

Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: You can choose to make your investment plan available on-demand and also choose longer investment durations.

Investment monitoring: You can track returns on investments purchased through the Rise vest app.

Withdrawals: Same day withdrawals.

Security: Rise uses PCI-DSS compliant, bank-grade security and two-factor authentication to protect all users accounts. Rise are SEC-registered investment advisers in the US and users funds are overseen by our partners who are also registered with the Nigerian Securities and Exchange Commission (SEC) so you know that your funds are safe and regulated at the highest standard of compliance.

Web Link: Risevest

Referral: Use this Code "4TICLAS8"

3. Cowrywise

Cowrywise is like Piggyvest and Paylater. you can not only save, but you can also invest.

Cowrywise users have access to investments like money market funds (dollar and naira), halal investments and also agriculture investments.

This online investment platform in Nigeria also affords users, access to loans. Cowrywise offers a fixed savings plan that allows you to put away a lump sum for long periods.

Cowrywise also pays interest on savings to its users to account on a daily basis.

Product features of Cowrywise

Platform: Android. iOS

Interest rate: 10% to 15%

Withdrawal charges: None

Investment plan: Periodic savings, Fixed Savings, One time savings.

Minimum withdrawal: None

Invitation Code: JoshuRzf

Referral: Cowrywise

4. Trove

Like Rise vest, Trove is one of the online investment platforms in Nigeria for investing in local and foreign stocks or shares. The stocks that this online investment platform allows you to invest in include American, Chinese and Nigerian stocks.

Trove also allows you to invest in bonds, REITs and ETFs.

The minimum investment amount on Trove is ₦1,000.

Product Features of Trove App

Platforms: Android, iOS

Minimum investment amount: ₦1,000.

Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: As long as you like.

Investment monitoring: You can track returns on investments purchased through the Trove app.

Withdrawals: You can withdraw uninvested cash in your wallet for 3 business days or more. If you’re withdrawing more than your invested cash. You’ll need to sell some of your purchased assets. If you submit a sell order it will take between 1 to 2 business days for your funds to settle in your account. You can either choose to deposit the fund in your wallet or bank account. For foreign securities, the least amount you can withdraw a is $50.

Security: Trove ensures your personal information is well encrypted with 256-bit encryption. And stored using cutting edge security technologies. Trove’s partner, DriveWealth LLC, a regulated member of FINRA/SIPC. Holds All the US trading accounts on Trove. It also protects securities holdings of its members. Of up to $500,000 (including $250,000 for claims for cash). Its other partner, Sigma Securities. A firm regulated by the NSE & Securities and Exchange Commission. Holds all Nigerian trading accounts. While ARM Investment Managers, a licensed Asset manager in Lagos, Nigeria. Acts as Investment managers for the Portfolios on Trove.

Referral: Click Here Trove

5. Carbon (Formerly Paylater)

Carbon Paylater reivew

Carbon formerly Paylater, is one of the online investment platforms in Nigeria that provides smart investment options. As well as payments, bills and instant loans.

Carbon wants to help people unlock the power of money. By helping them build wealth through investments that earn a good return.

Carbon has one of the best interest rates in Nigeria.

Product features of Carbon

Platform: Android

Interest rate: 15.5% annually

Withdrawal charges: None

Minimum withdrawal: None

6. Bamboo

Bamboo is an online investment platform in Nigerian that allows anyone to invest in more than 3500 stocks on the American stock exchange and Nigerian stock exchange.

You can buy, hold, or sell foreign and local stocks on the Bamboo platform right from your mobile phone.

Product Features of Bamboo App

Platforms: Android, iOS

Minimum investment amount: $20.

Required Documentation: Government Issued ID and a Utility Bill ready.The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: As long as you like.Investment monitoring: You can track returns on investments purchased through the Bamboo app.

Withdrawals: A withdrawal order from the app will take between 1 to 2-3business days for your funds to settle in your account.

Security: Bamboo uses state-of-the-art bank-level security, data encryption and two-factor authentication (2FA) protection on all accounts. All accounts are held at a top-tier local and U.S. brokerage firm; which, as a member of the Securities Investor Protection Corporation (SIPC), insures each Bamboo account up to $500,000.

7. Chaka

Chaka is also an online investment platform in Nigeria that is focused on local and foreign stocks. You can start trading shares with Chaka from as lows as $10 or N1000.

Product Features of Chaka App

Platforms: Android, Web

Minimum investment amount: $10 or N1000.

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: As you like.Investment monitoring: You can track returns on investments purchased through the Chaka website or app.

Withdrawals: Withdrawal of your available cash in your account can take up to 12 hours from when your request was made. To withdraw cash from sold stocks, it takes 3 days. It takes 2 days for the stock exchange (locally and globally) to settle cash for sold shares. It would take an extra day to process the transaction.

Security: Every Chaka account is protected by bank-grade AES encryption software. That protects communication between users devices and our servers.

Referral:

8. Payday Investor by ARM

PayDay Investor created by ARM Group is an online investment platform in Nigeria that allows users to create a savings goal and invests the money on behalf of the savers in its money market fund.

ARM Group manages assets of ₦967 Billion. Investment returns are paid quarterly on the Payday Investor.

With this online investment platform in Nigeria, you choose when and how you want to invest.

You can create multiple investment goals and customize your investment plans. You can withdraw your investment (savings & yield) at any time as long as all your KYC (Know your customer) requirements have been met.

Features of Payday Investor

Platforms: Android, iOS, Web

Interest rate: 12.6%

Withdrawal/Funding charges: NEFT transfer fee of ₦52.50 / 1% convenience capped at ₦1,500.

Minimum withdrawal: ₦1,000

9. I-invest

I-invest is part of a unique set of online investment platforms in Nigeria. It allows you to securely purchase and manage Treasury bills from your mobile device securely.

Treasury bills are one of the few risk-free investments that exist. You can track diverse investment portfolios on the I-invest app.

The platform also offers a convenient way for retail investors to save money whilst earning attractive interest rates.

The minimum investment amount is a hundred thousand Naira (N100,000). Both the investment capital and interest is paid to your account upon maturity. You can also cash out your money at any time. However, that only happens after a minimum holding period of 30 days.

The I-invest app was launched by Sterling bank in conjunction with Parthian partners.

Product Features of I-invest

Platforms: Android, iOS

Interest rate: 8% – 11%

Maintenance Fees: None

Pre-liquidate: Yes, after a minimum holding period of 30 days.

10. Fint

Fint is an online investment platform in Nigeria that is focused on P2P lending. It is a loan marketplace that connects creditworthy borrowers to lenders.

Borrowers can get access to affordable loans, and lenders can facilitate loans and get back their money interest.

Anyone can invest in the fint marketplace knowing that their money is insured by Old Mutual insurance in the advent of death, job loss or accidental disability.

You can earn solid returns with your money by lending money on Fint and diversifying your portfolio beyond stocks, bonds, fixed deposits and savings account. The least amount you can lend is ₦20,000.

Your investment returns are deposited directly into your account on a monthly basis.

Product Features of Fint

Platform: Web

Investments Amounts: ₦20,000 – ₦1,000,000

Interest rate: 26%- 39% annually

Maintenance/Operation Fees: 1.5% Operation Fee deducted from monthly returns.

11. Farmcrowdy

Farmcrowdy is an online crowdfunding agriculture platform that connects farmers with sponsors (investors) interested in agriculture.

Farm sponsors on Farmcrowdy receive bi-weekly updates for farm cycles which are 6 months or less and monthly updates for farm cycles exceeding 6 months.

These updates are usually of pictures, written reports, and videos showing the progress at different stages of the farm cycle.

Farmcrowdy has a profit-sharing formula; 40% of the profit for the farmer, 40% of the profit for the farm sponsor and 20% of the profit for farm crowdy.

The existing farm projects on this online investment platform are all insured. So that in the event of unforeseen circumstances, the sponsor’s capital can be refunded.

Product Features of Farmcrowdy

Platforms: Web

Owner of farmland: Farmers

ROI for investors: 6% – 25% (flat-rate)

Product listing: Maize, poultry farm, cassava, soybeans and rice.

Range cost of farm products: ₦90,000 – ₦284,000

Period of cycle: 6 – 12 months

12. E-farms

E-farms is another agric online investment platform in Nigeria that links funding from willing farm investors to fund active small-holder farmers.

The profits are then shared between the investors and farmers. E-farms also operates a farmer’s academy which trains and funds Nigerian graduates intending to get into agriculture but lacking the requisite skills and funds to do so.

E-farms manages these farm investments by ensuring that agricultural best practices are followed, for optimal yield. Every farm investment is insured by E-farms.

Thereby guaranteeing the safety of every investor’s funds. E-farms runs a tripled layer investment protection – agricultural insurance, investment insurance and physical insurance.

Product Features of e-farms

Platform: efarms.com.ng

Owner of farmland: Farmers

ROI for investors: 15 – 35% (flat-rate)

Product listing: Maize, poultry farm, cassava, pineapple farm, catfish farm, snailery and soybeans.

Period of cycle: 6 – 12 months

Making Your Choice

The rise of online investment platforms in Nigeria is helping Nigerians to invest their money securely and receive returns when they are due. Technology has allowed people the avenue to not only make money for themselves but also allow other people to do the same. Even though these online investment platforms in Nigeria target customers are millennials.

Anyone that operates a smartphone can make almost any type of investments with these online investment platforms in Nigeria. You don’t need to be wealthy, to start investing. With N1000 you can start investing today.

There are only a few ways to increase your financial worth in the world we live in today. By working a 9-5 or being self-employed, and by having your assets work for you. You need to put your money and time in other projects other than your source of income.

Taking this crucial decision can have an astounding impact on your future financially. Stocks and Forex trading are not the only online platforms for investment. Other platforms have emerged to allow anyone .

While an online investment platform in Nigeria is a great place to start your investment journey. Choosing which online investment platform to start investing with can be a bit difficult. You can choose based on the features that appeal to you. Like the investment asset. Are you interested in foreign stocks or real estate? or are you looking for an online investment platform that allows you to begin investing with a small amount?

There are a lot of online investment platforms in Nigeria that fits the bill. You just need to choose one and start investing. Besides you can use more than one online investment platform in Nigeria. This is a very great way to diversify your investment capital too.

We’ve done most of the analysis and deliberation on online investment platforms in Nigeria for you, we’ve picked the best ones that are of good reputation over the years and that provide the best investment instruments and rates. Pick one and start building your wealth today.

Source: Koboline.com.ng

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