Nigerian develops mobile App for secured investments

Parthian Partners, an organisation regulated by the Securities and Exchange Commission (SEC) and FMDQ, has developed a first-of-its-kind mobile application known as I-invest which provides a secure and safe platform for millions of Nigerians at home and in the Diaspora to invest in and secure their future.

The company says that I-invest, tailored to meet the Central Bank of Nigeria’s financial inclusion target and to promote an efficient savings culture among Nigerians, allows retail investors to conveniently buy and manage Eurobonds, Treasury Bills, Commercial Papers, Equities, and many more without the help of a broker on a secure platform.

Founder of I-invest / Group Managing Director, Parthian Partners, Oluseye Olusoga, in a statement made available to News Express Tuesday, explained that through the I-invest app, Nigerians would be able to access a plethora of investments based on their risk appetite, adding that potential investors do not need banking officials, fill lengthy documents or spend valuable time in banking halls.

“A major objective of the app is to enable Nigerians secure their future through investment, an objective that very much aligns with this year’s edition of the Nigeria Economic Summit (#NES27) themed, “Securing Our Future: The Fierce Urgency of Now.” held at the Transcorp Hilton Hotel, Abuja from Monday, 25th to to Tuesday, 26th October, 2021,” Olusoga said.

Olusoga said, during the Summit, that I-invest is leveraging technology for Nigerians to invest and build a savings culture, stressing that the unique advantage of the App was the safety, ease-of-use and convenience, in addition to being regulated.

“The #NES27 theme, ‘Securing our Future’ can be realised through saving and investing for tomorrow hence I-invest has been designed to allow users do this in the most seamless and convenient way, for not only the user but for dependants as well. The application is built by Nigerians to help Nigerians invest in Nigeria,” he said.

According to him, “the impact of the application on the Nigerian economy is to create an environment where Nigerians are involved in the development of the country through their investments, instead of taking their money out of the country.”

He explained that the app allows Nigerians to invest in different sectors of the capital market in both Dollar and Naira instruments; ranging from mutual funds to fixed deposits with different banks.

“I-invest App, which is available for download on Google Play or Apple store, is an App for everything financial services in Nigeria, it even allows you to buy insurance. With the advent of BVN, we are taking the advantage of technology to be able to invest directly. Users can buy equities straight from the stock exchange, and Treasury Bills from any of the accredited banks, all from the mobile App,” he further explained

Speaking on his expectations from the #NES27, Olusoga said he wants Nigerians to be more aware and involved in tackling challenges facing the nation, which,  in turn, would change the country’s narrative.