Trove, a micro-investment firm based in Nigeria has raised undisclosed funding from Asset & Resource Management Holding Company, ARM. The fund will scale Trove services and enable ARM to deliver global investment opportunities to its customers.
Trove is a micro-investment platform founded in July 2018. The startup enables Africans to invest in varieties of stock, bonds, and Exchange-Traded Fund ETF. The platform also promotes mini investment by allowing users to invest as low as $3 or NGN1000 for any share or stock around the world.
See Also: African Startups that Received Funding above $20Million in 2019
The fund, therefore, will enable Trove to provide more investment services to its users. On the other hand, ARM Holdings will utilize the opportunity to offer its clients a new trading option. They will be able to trade in US Exchange-Traded funds, stocks from companies in the United States and bonds.
Also, the partnership will enable Nigerians to gain better rewards for stock and accumulate global wealth from the comfort of their homes.
The Managing Director ARM, Henrietta Bankole-Olusina noted that the funding will help it enlarge its investment playing field for its clients.
She also hoped that millennials will key into the opportunity and explore investment to build a bright future.
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