Last updated on June 23rd, 2025 at 07:56 pm
In the past, when investing involved going to a bank and submitting tons of paperwork. Today, there are mobile friendly fintech firms in Nigeria that make it faster to invest, offer flexible options and earn a better return. Below are seven apps making it easy for Nigerians to invest and build wealth, starting with a phone:
PiggyVest
As one of the first digital savings platforms in Nigeria, PiggyVest combines automatic savings with low risk investment products. Its “Investify” feature unlocks vetted investment opportunities in agriculture, real estate and transport and can provide returns of up to 35% annually. It’s easy to use, requiring only NGN 5,000 to onboard.
Cowrywise
Cowrywise provides access to multiple mutual funds including Sharia-compliant funds and tools for goal based savings. Cowrywise is regulated by the SEC; it is widely regarded for its usability and educational resources. Minimum investment starts as low as NGN 1,000, with average returns ranging from 8–15% annually.
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Risevest
Risevest serves investors looking for dollar denominated assets. It provides portfolios made up of U.S. stocks, real estate and fixed income, generating a return of around 10–14% per annum. For as little as $10, it helps you hedge against naira depreciation.
Bamboo
Through Bamboo you’ll be able to easily access over 3,000 Nigerian and U.S. stocks and ETFs. With a very low minimum deposit (just $2), you can track your stock prices in real-time, make recurring investments and save dollars securely.
Trove
On the other hand, Trove expands diversity by permitting investments in Nigerian, U.S. and Chinese equities (stocks), ETFs and bonds. With a minimum of NGN 1,000 users can build international portfolios and own fractional shares.
Chaka
Chaka provides access to more than 4,000 stocks and ETFs worldwide and gives direct market access to the NSE, NYSE and Nasdaq. It is fully SEC-licensed and you can invest from NGN 1,000. It is best suited for tech savvy investors who are equity chasing.
I-Invest
Developed by Sterling Bank, the I-Invest app is a great fit for conservative investors, with treasury bills, bonds, fixed deposits and commercial paper among listed products. You can start investing with NGN 100,000 and the app is trusted as a relatively risk free product.
These apps give Nigerians relatively easier and higher yielding alternatives to banks, each giving various options depending on your risk, objective and time horizon.
