Nigerian micro-investments startup Trove raises funding from 3 angel networks
Summary
Trove has built a simple micro-investing app that allows users to invest small amounts in more than 3,000 Nigerian, American and Chinese stocks, bonds and ETFs. The startup’s platform was built to solve issues around the accessibility of securities investment, and allows Nigerians – and soon all Africans – to participate in the global economy and buy shares in international firms. Trove co-founder and chief executive officer (CEO) Oluwatomi Solanke said the wealth of experience and support the LAN, SSEAN and DAN communities brought to the startup would prove “invaluable”. Speaking on behalf of LAN, Funmi Oyetunji said the network believed Trove was deploying technology to solve a huge problem – access to stock and wealth on the global stage for Africans. Gerard Olisa-Ashar of DAN said his network’s primary purpose was to find, mentor and fund talented entrepreneurs in Africa that are unleashing potential to create real value to improve the lives of Africans through technology.