Startup News

Nigerian Fintech Start-up, Trove Secures Equity Funding from ARM

Trove - cfamedia

Trove, a Nigerian Fintech start-up, involved in micro-investing has, recently, raised an undisclosed amount of Equity funding.

The funding was secured, from Asset Management firm, ARM and will be used, to assist the start-up, in delivering more of its universal investment opportunities.

The start-up has designed a micro-investing app that enables its users, to make an investment in financial securities, which include government bonds and stocks, in both the local and international markets.

Trove was created, to solve accessibility challenges, around securities investment, thus, allowing Nigerians and other Africans, to take part, in the global economic space and have the opportunity to buy shares, from foreign firms.

A Trove investor, Ventures Platform, had earlier partnered with Asset Management firm, ARM, which saw the launch of Labs by ARM program.

The program was created, to assist start-ups, leveraging technological applications, to solve specific challenges.

Trove, among six others, had participated in the Labs by ARM program and has recently, raised funds to expand its opportunities.

“We believe that, this is a wonderful opportunity, to enlarge the investment playing field, for our valuable clients, enabling them to trade, in diverse stocks and accumulate wealth, globally, from the comfort of their homes.

It is also our hope that, this partnership will encourage more millennials, to explore the world of investing, in order to build a future of realised ambitions”, stressed Henrietta Bankole-Olusina, Managing Director, ARM Financial Advisers Ltd.

ARM will leverage the Trove application, to give its clients access, to execute trading, in government bonds and stocks.

Using the ARM Stocktrade App, its clients, will have seamless access, to global economic participation and own shares, in giant tech companies, even, without securing social security numbers.

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