By Enigheni Iwori
Is growing money one of your goals this year? You can still smash that goal by using any of these savings and investment apps. They are easy to use and perfect for long- or short-term investments.
• PiggyVest: a savings and investment app that helps you save money, earn interest and maintain a savings habit. It offers a variety of features such as Safelock (a fixed deposit you cannot touch until maturity), Flex Dollar (savings in dollars), Target Savings (automated savings either daily/weekly/monthly towards a goal), and Flex Naira (savings for emergencies). PiggyVest also has an investment feature – Investify, that gives you access to verified assets you can invest in for short- or long-term purposes.
• Cowrywise: a savings and investment platform designed to improve finance management and grow wealth in a disciplined and automated manner. It offers a broad range of automated savings options, goal-based savings and group savings options. You also get the opportunity to invest in mutual funds, money market funds and equity funds depending on your risk appetite.
• Bamboo: it is an investment app that allows you to invest in the U.S stock market. It is ideal if you are a beginner at investing and have minimal capital to start with as it provides fractional investment that allows you to buy a fraction of stocks. You also have a variety of investment options to choose from, whether Nigerian stocks, U.S stocks or fixed return investments. If you want to grow your wealth in dollars, this one is for you.
• Kuda: this is a digital microfinance bank that enables you to make free transfers and earn interest on your savings. It provides banking services without the need for face-to-face service at a physical location. With Kuda, you get to save on traditional transfer fees and gain access to investments through a stock trading account. It also offers an automated savings feature and no hidden charges on transactions.
• Sycamore: an asset management platform that offers investment opportunities across stocks, bonds and money market instruments in multiple currencies, thereby making wealth management services accessible to everyone. You are able to diversify and grow your wealth by making use of investment options tailored to your needs. Sycamore helps you maximize your earnings and shield your savings from inflation.
See you next week.
Enigheni Iwori can be reached via email: ienigheni@gmail.com
