I-Invest lets you purchase treasury bills directly from your mobile phone. Thanks to this app, you can now use your mobile phone to not only make utility bill payments, money transfers, and airtime purchases but also access investment opportunities. I-Invest was developed by Sterling Bank in collaboration with Parthian Partners, a Pan African international brokerage service company.
How It Works
Conventionally, individuals who want to invest in treasury bills have to endure the daunting process of visiting a bank, obtaining a form to fill and dealing with all form of verification requirements. With I-invest, however, you can invest in treasury bills using a smartphone with access to the internet. All you need to do is download the app from Google play store or App store on IOS. You then register by filling in your details on the app.
The minimum amount users can load into their wallets to start investing is N100, 000. Once the wallet is loaded, the user can easily select a tenor and make their first investment in T-bills at the prevailing rate at the time of purchase.
West Africa’s First Treasury Bills Apps
I-Invest has been built to facilitate seamless payments into its virtual wallets either by direct transfers or with a card through which investments can be made. To ensure security, investments made by users on the app are held in safe custody by licensed security custodians. I-Invest is indeed a remarkable innovation as it has the capacity to promote a saving culture in Nigerians and many Africans and give them the added bonus of interests.
In time, many Nigerians will adopt this app because of the juicy financial benefits it promises its users. Treasury bills are backed by the full faith of the Federal Government of Nigeria and offer returns within the range of 12% to 14% depending on the tenor when one invests in the app. Hence, I-invest offers risk-free investments that result in competitive returns when compared with your traditional savings account.
To validate its competence as Africa’s first treasury bills investment app, I-Invest has generated about 2 Billion Naira worth of investments from its active users within a time frame of about 6 months. The app presently boasts of over 60,000 downloads with a total of about 30,000 registered users. It also envisages more investment opportunities in the coming months.
Getting The App
The app is available for Android users at a downloadable size of 11MB. It’s also available on the ios Apps store. All it takes is hundred thousand Naira to make your first investment in treasury bills and start growing your income. You can download the app on any of the links below:
Featured image source: i-investng.com