Overview of Investment Apps
Making investments is a very good way to grow your financial portfolio. Almost every financial book talks about adopting the habit of investing so as to grow income.
Investing is all about having your money work for you, if you can learn how to invest, then your financial life won’t suffer economic fallouts and recessions.
In the past, investing in Nigeria used to be difficult as people couldn’t seem to find any other safe investment that could grant you free access to your money whenever you need it.
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However, Investing your money in Nigeria has been made easy due to the availability of investment apps that allows people to invest from their mobile phone.
What are investment apps?
Investment apps are online platforms that enable people to invest their income in a safe and secure manner for profits. Users can make these investments, monitor the investments, and take profits all from the app.
Since the availability of investment apps, there is no need to look for where to invest your money. These investment apps are secure and scam-free having partnered with some prominent businesses and firms.
Therefore in this post, we have compiled a list of the best investment apps with the best interest rates. Just keep reading.
5 best investment apps in Nigeria in 2022
1. PiggyVest
PiggyVest was founded in 2016 and since then it has been helping Nigerians invest their money in easy steps. It is currently the leading investment platform in Nigeria as over 350,000 Nigerians make use of the app.
Every investment plan on Piggyvest comes with reduced risk for investors. They also have superb savings plans with good interest rates.
To invest in Piggy vest, you need to download the app and create an account with them.
Features
- They offer up to 25% return on investment (ROI)
- They allow users to invest with any amount at all
- All investment opportunities are minimal to medium rise.
2. Cowrywise
Cowry wise is another investment all in Nigeria that allows you to invest your money from the comfort of your home. You can also save money on this app.
With the Cowrywise app, you can invest with minimal risk and get good returns on your investment. You can also save money and earn interest while you save on the Cowrywise app.
To invest in Cowry wise, you need to download the app and create an account with them.
Features:
- They offer free financial advice on how to get more income
- They offer up to 15% return on investment (ROI)
- All investment opportunities are of minimal to medium risk
3. Afrinvestor
This app was offered by Afrinvesr securities limited to help people invest in treasury bills and stocks. They have various investment plans that help users understand and make good investment decisions.
To invest in Aftrinvest, you need to download the app and create an account with them. This app is the best app if you are looking to invest in treasury bills and stocks.
Features
- They offer many investment opportunities.
- All investment opportunities are of minimal to medium risk
- They offer resources to help users make better investment decisions
4. Carbon
Carbon which was formerly known as Paylater is one of the most popular Fintech companies. They have over 1 million people using their platform to invest or secure loans. The Carbon app has an investment tool known as Payvest.
This tool is used to invest in fixed deposits at low risk. To invest in carbon, you need to download the app and create an account with them.
Features
- They offer up to 16% return on investment
- They allow users to invest with any amount at all
- investment opportunities are at low to minimal risk
5. PayDay investor
Payday is another investment and savings app that gives room for people to save together towards achieving a common goal.
Registered Users can invest as low as ₦1000 at a 2.3826% interest rate (7-day rolling average).
Withdrawals from payday investors can be made whenever you like without restrictions.
Features
This app allows users to invest towards a specific financial goal.
They allow users to invest with any amount at all and watch it yield more income through interest.
Conclusion
All that is required of you is to download the app from the play store, check investment opportunities that suit you, and invest from the comfort of your home. Investing with any of the above apps can guarantee at least 10 times ROI.
This article will help you invest your money in the right places and in the end achieve your financial goals for the year if you follow the information therein through and through.
