One of the biggest lessons from 2020 is almost everything can be done with little or zero physical interaction. Whether it is booking a flight or sending money to mom, these and more can be done easily and securely through a mobile device.
It has been estimated that by 2025, the number of smartphone users in Nigeria will grow by 140 million indicating that everyday transactions like bill payments, spending, airtime top-up, investing and more will be done conveniently through an internet-connected device.
There are two key players In the Nigerian market that claim to offer these services conveniently – the traditional banks and the newcomers.
Frustration with the traditional banks over hidden charges, wrong debits, speed, and access, birthed the newcomers who now offer traditional banking services like, savings and withdrawals, investments, loans, bill payments, and more. They offer these services eliminating the maintenance and other charges (stamp duties) that come with operating a traditional bank account.
However, the influx of these newcomers has created something that Author, Barry Schwartz in his book published in 2004 called the Paradox of Choice. Meaning, it is harder to choose when presented with so many options.
So, if you have been wondering which app or tech product offers the best savings and investment portfolio currently in Nigeria, the answer is i-invest.
And here’s why.
i-invest is one of the apps in Nigeria available on the App Store and Google Play store that was set up to make money for you through its wide range of Investment options. In more direct terms, i-invest is a user-friendly product that brings wealth to the fingertips of its users. i-invest helps users invest their funds in Treasury bills; one of the most secure forms of investments, Euro bonds, Equities, Fixed deposits, and Commercial Papers.
i-invest has been around for 4 years+ with an active customer base of over 500,000 who use the app for different things like, savings, airtime top-up, investing, and keeping up with daily news about the stock market in Nigeria.
i-invest is secure, easily accessible to use and is regulated by the Securities and Exchange Commission, and is a part of the Parthian group of companies.
If you are wondering what the minimum amount you can start investing with, you will be surprised to learn that because of the wide range of investment options, you can start with as little as N10,000 and as high as N1,000,000 and watch your money grow in value because of the competitive rates i-invest offers.
The set-up process to get started takes less than 5 minutes after you have downloaded the app from the App Store or Google Play store:
- Register with your email address and phone number
- An OTP will be sent to you for confirmation
- Update your profile
- Fund your wallet &
- Start investing
If you have idle funds, rather than saving with the regular banks that don’t offer you interest on your savings, why not save using the i-invest app and earn up to 9% -11% on your funds and watch your money grow.
The i-invest app is in a league of its own, providing users with investment options they cannot get anywhere else. The App is proudly powered by Sterling and it is a game-changer in Nigeria’s fintech world.
Other related articles on i-invest
6 features on the i-Invest app and why we love them.
What You Should Know About i-invest, the First Treasury Bills App In West Africa
Intresting, will be sure to check it out