Micro-investing platform, Trove, has announced plans to make its investment platforms available to Africans across the continent.
The plan to expand to more African markets rides on the back of the mammoth adoption the fintech startup has recorded in its launch market, Nigeria.
Oluwatomi Solanke, CEO & Founder of Trove Global, said, “Our organization’s goal remains to further this mission in different consumer markets across Africa. We are optimistic the solution will be well received. From Anambra to Accra, Kampala to Kisumu, we remain committed to spreading financial wellness to all of Africa.”
As the pioneer Stock investment platform in Nigeria, Trove was created with a mission of providing new and better ways for African investors to earn higher returns and build a global investment culture. To achieve its goal of providing a world-class digital investing service, Trove Global is fully licensed to offer investment advisory services, allowing the company to layer investment advice as a key part of its service offering.
Austin Akagu, CCO at Trove, stated one of the first questions most people ask when they begin investing is, “where do I begin? To help answer this critical question, we have built an amazing suite of digital investing products, including direct investment (Stocks/ETFs) recommendations, that will shorten the investment journey for both our new and experienced investors. We have done the heavy lifting. It’s time for you to sit back and invest with ease!” Austin said.
The pioneering startup stayed true to its promise to democratize investing in Africa in many ways.
Trove provides more than 10,000 financial assets spread across stocks, bonds, and Exchange-traded Funds (ETFs) for users to invest.
The company has solved the problem of restricted market access for Africans that wish to diversify their portfolio more extensively than any current market player.
Africans can easily assemble a competitive portfolio with the tap of a few buttons at price points that align with global standards, compared to the status quo of hiring a dedicated fund manager.
Furthermore, Trove has broken the barrier of high entry cost(s) that has locked most Africans out from participating in the global markets. With as little as $10, Trove offers most Africans an opportunity to own global stocks seamlessly.
Trove has softened the barrier of the high cost of entry that has locked most Africans out from participating in the global markets. With as little as $5, Trove offers most Africans an opportunity to own global stocks seamlessly. The goal remains to further this mission in different consumer markets across Africa. We are optimistic the solution will be well received.