12 Best Online Investment Platforms in Nigeria
In recent years online banking and investment platforms have evolved especially in Nigeria.
There are several online investments platforms in Nigeria that allow you to invest in almost any assets, from crowd funding agricultural farms and real estate properties to investing in treasury bills and even local and foreign stocks.In post, we will go through our picks of the best online
investment platforms in Nigeria.
You can be rest assured that all these online investment
platforms are genuine and secure. So your money isn’t going to go into thin
air.
Top Online Investment Platforms in Nigeria includes
the following:
Carbon (formally Paylater)
Risevest
Payday Investor by ARM
Chaka
Trove
Chaka
Bamboo
Piggyvest
Cowrywise
I-invest
Fint
Farm crowdy
E-farms
1.
Carbon (Formerly Paylater)
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
2. Risevest
If you have interest in investing in foreign stocks, Risevest is the ideal platform to use. It 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 for you. 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 Rise vest, you can start investing in dollars in
Nigeria using only your smartphone.
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
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.
3.
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.
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.
You can withdraw un-invested 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.
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.
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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.
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5.
PiggyVest (Formerly Piggybank)
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.
6.
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 the Chaka App
Platforms: Android, Web
Minimum investment amount: $10 or N1000.
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 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.
7.
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
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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.
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.
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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.
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. Farm crowdy
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.
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.
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
Conclusion
The numerous investment platforms in Nigeria is helping
Nigerians to invest their money securely and receive returns when they are due. Internet and technology have allowed people the avenue to not only make money for themselves
but also allow other people to do the same.
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