Top 20 Best Investment Platforms in Nigeria {Legit Online Investment Apps In 2023}

Whether we’re employed or self-employed, we’re all looking for ways to improve our saving habits and to maximise our investments.


Technology and the internet have provided us with many options for investing our extra cash, since traditional methods of saving and investing have become obsolete.

It is common knowledge that leaving your money in the bank would reduce rather than increase your savings if you live in Nigeria or if you are a Nigerian living abroad.

Wouldn’t it be great if you harnessed the power of technology to generate money through online investment platforms in Nigeria?


Investing money in one of the many online savings and investment platforms available in Nigeria can earn you respectable profits.

In the following article, we’ll examine 20 of the safe online investment platforms available in Nigeria.

What Is Investment?

An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time.


When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.

An investment always concerns the outlay of some capital today—time, effort, money, or an asset—in hopes of a greater payoff in the future than what was originally put in.

For example, an investor may purchase a monetary asset now with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

READ ALSO: 20 Best Financial Investment Opportunities in Nigeria – 2022

Top 20 Best Investment Platforms In Nigeria – Legit Online Investment Apps In 2022

1. PiggyVest

PiggyVest is West Africa’s premier digital “Savings & Investment” platform. When they first started as “” in 2016, they were merely a savings tool.

For three years, they solely offered discounts to loyal customers. Then, in April 2021, they changed their name to “PiggyVest” and started providing customers with direct investing options in addition to savings.

After 5 years, they have continued to provide exceptional service to their 1,000,000+ users, assisting them in managing their finances with ease and integrity.

Every month, their users collectively save and invest billions in Naira they would have spent otherwise.

PiggyVest’s objective is to “empower everyone to effectively handle and increase their finances.

2. Cowrywise

Cowrywise is a fintech startup that is transforming the African investment management business and revolutionising access to savings and investment solutions for Africa’s increasing middle class and youth generation.

They are creating online savings and investing lifestyle for the next wave of rich Africans, with over 350,000 clients.

Cowrywise is a Y Combinator business and the first Nigerian company to be admitted into the JP Morgan and UKAID-backed Catalyst Fund program.

You can invest in low-risk, medium-risk, and high-risk products with CowryWise.

Most of these investments span mutual fund schemes, the agriculture sector, and other third-party money market commodities.

It thrives on a 10% savings rate, while investment rates vary slightly.

3. Investment One

Investment One is a multi-faceted company that offers a wide range of financial and investment solutions throughout Nigeria.

It was formerly GTB Asset Management Limited. Investment One has provided and continues to provide new investment opportunities combined with value-added services in Nigeria’s financial industry since its founding in 2007.

They take great pride in providing industry-leading solutions. Their thorough understanding of clients’ demands and matching them against a large set of high-quality products offer us a significant market share advantage.

They have a team of investment managers ready to deliver quality services based on in-depth market knowledge, ingenuity, and service quality to their clients.

Check Out: 20 Best Online Savings Platforms in Nigeria 2022

4. I-invest

I-invest is a mobile application that allows investors to buy securities and other financial products without the help of a broker.

Furthermore, the app features a user-friendly dashboard for tracking various investment portfolios, as well as an easy way for small investors to save money.

At the same time, they offer competitive interest rates and the ability to support fund infrastructure programs in Nigeria while generating an income.

I-invest can be downloaded for free from the App Store and Google Play Store. It allows users to buy Treasury Bills and Eurobonds, as well as trade stocks on the Nigerian Stock Exchange.

Investment platforms

5. KoloPay

KoloPay is a mobile application that allows investors to buy securities and other financial products without the help of a broker.

The app features a user-friendly dashboard for tracking various investment portfolios, as well as an easy way for small investors to save money.

KoloPay downloaded for free from the App Store and Google Play Store. Kolopay offers you a share in a highly profitable business based on the minning and trading of cryptocurrencies.

6. SumoTrust

SumoTrust is an online saving and investment platform that is assisting Africans in improving their bad savings and investment habits.

If you want funds to begin a business, rent an apartment, purchase a house, buy a vehicle, go shopping, pay college tuition, and so on.

SumoTrust will help you set aside money and work toward your investment goals.

See Also: 20 Platforms That Let You Convert Your Social Media Content To NFT

7. Kuda Bank

Kuda Bank, once known as KudiMoney, is a revolutionary fintech platform that promotes innovation in Nigeria and beyond. It capitalises on its ‘bank of the free’ slogan by providing a variety of cost-free services to its members.

Kuda Bank, like a handful of its competitors, pays a 10% interest rate on savings. It also offers its customers low-interest loans.

8. Carbon

Carbon is one of Nigeria’s most popular online investing platforms, offering a wide range of digital financing options.

They began in the digital financing industry as a loan app, but today provides a variety of services ranging from savings to money transfer and investing.

With as little as 100 Naira, you may begin investing in carbon and earn up to 16% each year. You can also select a time frame for your investment, which runs from 3 to 12 months.

To invest with Carbon, first choose an investment plan (Cash Vault, Goals, or Flexsure), then enter the amount you wish to invest, the length, and finance with a bank account or card.

Your money is secure with Carbon. One Finance and Investment Ltd, a CBN-licensed and regulated company, manages all of the funds.

When investing, you have the flexibility to invest for 3, 6, or 12 months at a rate of up to 16 percent.

9. Bamboo

The list of the top online investment platforms in Nigeria will be incomplete if it doesn’t include Bamboo.

Bamboo is a reputable investment business that provides unfettered access to over 3,000 equities listed on the New York Stock Exchange from the convenience of your mobile phone.

You may instantly load your Bamboo Naira or Dollar wallet and start investing without wasting time. You can also expand your portfolio by purchasing an ETF (exchange-traded fund).

If you want to start investing in bamboo, you’ll need at least 20 dollars or the Naira equivalent.

However, you should keep in mind that if you invest in Naira, you can only withdraw to a Naira account, and if you invest in USD, you can only withdraw to a USD account.

When you register for a Bamboo account, you’ll be asked for your BVN, as well as a valid ID and an electricity bill

They accept Master and Visa cards as well as bank transfers as modes of payment.

The Bamboo app features a simple design with built-in technology that allows you to see a realistic view of your portfolio’s performance over time so you can update your strategy and learn as you go.

You might want to check out Trove vs Bamboo: Which Is Best For You In 2022?

Investment platforms

10. RiseVest

RiseVest makes it simple to invest in assets denominated in different currencies throughout the world.

You can invest in any of the well-managed assets with a guaranteed return of up to 14 % and a potential return of up to 41 % every year.

Among their most valuable assets are real estate, bonds, and stock. You can count on smart wealth management with RiseVest. With RiseVest, your money is safe since it is overseen and supervised by ARM Trustee Ltd.

The platform includes an easy-to-use interface with an integrated tracker that allows you to keep track of your investments and monitor how you’re performing in real-time.

You can also set investment goals using their app.

To get started with RiseVest, you’ll need at least $10, following which you’ll select a plan and specify a length for your investment.

All RiseVest accounts are encrypted using the same technology that banks employ.

11. Trove

Trove is one of the most popular online investment platforms in Nigeria that enables you to invest in American, Asian, and Nigerian stocks, treasuries, ETFs, and other instruments using your smartphone.

You can begin your investing project with as little as $10. With Trove, you can make a one-time investment in any publicly listed stock, bond, or international commodity using a card payment card or a bank transfer.

You can invest in Trove using Naira or Dollar. Dollar wallets are designed to invest in overseas equities, whereas Naira wallets are designed to invest in local Nigerian companies.

To get started with Trove, you’ll need your BVN, as well as a valid driver’s license and an energy bill.

When you open a brokerage account, you’ll be able to start investing right away thanks to Trove’s more than 4,000 stocks.

Your money is safe with Trove.

Sigma Securities Ltd and ARM Securities Ltd, both SEC-licensed regulated brokerage firms, hold and manage all of Trove’s assets.

Trove features a trending stock indicator to assist you in identifying investment options based on your profile.

Also Read: 25 Top NFT Marketplaces To Buy & Sell NFTs

12. Chaka

Chaka is a financial-technology solution provider on a mission to provide transnational virtual investment and investment management options to African businesses and citizens.

Their team combines financial knowledge with industry-leading technology to deliver dependable online investing, trading, and asset management products that are simple to use and integrate.

Without a doubt, Chaka is currently one of the finest ways to buy stocks, securities, equity funds, and other investments from the United States, the United Kingdom, Nigeria, and China, among other countries.

It is a reputable investment company with a license from the Nigerian Securities and Exchange Commission (SEC)

The Nigerian Stock Exchange and Central Securities Clearing System (CSCS) oversee local investments, while FINRA and the US Securities and Exchange Commission supervise their dollar investments.

SIPC insures all Dollar accounts up to $500,000 in value. You can choose from over 4000 dollar assets to invest in.

Chaka has created an easy-to-use app to help handle the peaks and valleys of investing. With Chaka, you can begin trading Nigeria and overseas stocks for as little as $10.


This is another excellent investment website that allows you to invest in government bonds, Equities, Stock Funds, and Rental Properties.

You can track and control your investments instantaneously on their user-friendly website, as well as see how much return you’ll collect when your investment grows.

As a member, you have access to professional financial advisers for assistance.

You can invest in short-term commodities like government bonds for thirty days or long-term commodities like shares and real estate holdings via Wealth NG.

To get started, you’ll need your BVN and next of kin to validate your identity. Wealth NG employs an interactive chatbot driven by artificial intelligence.

The chatbot’s purpose is to provide personalized investment advice and respond to questions. Wealth also has savings accounts with interest rates as high as 7% per year, and you may start saving with as little as 1,000 Naira.

14. Payday Investor

This is an investment framework that allows you to save money while also allowing you to grow your earnings by investing in the ARM Money Market Fund.

Payday Investor is a service provided by ARM Investment Managers, a division of Asset & Resource Management Holdings Limited, which is licensed and governed by the Securities and Exchange Commission.

They offer an easy-to-use app available on the Apple and Google Play Stores. The app can also help you keep track of your everyday interests.

You can expect a return of up to 15% on your money.

As an investor, you have the option of automating your savings in the manner that suits you most, whether weekly or monthly.

To begin, you’ll need at least 1,000 Naira, then you’ll need to set up an account and establish an investment strategy as well as financing options.

You can withdraw your savings at any moment from the ARM Money Fund, which invests all of your savings.

Because Payday Investor is an ARM product, you have access to professional financial advisers in case of an emergency.

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15. Ziing

Ziing is one of Nigeria’s hottest FinTech applications. Investment One Financial Services is the driving force behind Ziing. It was created to help customers with their savings, investments, and other wealth management services.

It is one of the very popular savings and investing apps, allowing you to make direct bank account withdrawals for savings or investments.

16. Opay

Opay is one of Nigeria’s top investment portals, letting you invest and make money on a daily basis.

It is a mobile payment service operated by Opera News that offers a variety of financial services such as loans, savings, and investments.

17. Stanbic IBTC Mobile

Stanbic IBTC Bank is the driving force behind this platform, which aims to improve investing through creative investment plans like equity funds, asset management, and pension management.

It’s pension management is, without a doubt, the most well-known of these packages.

18. Afrinvestor

Afrinvestor is one of Nigeria’s biggest online wealth management platforms. It was designed by Afrinvest Securities Limited (ASL) to let its brokerage customers take control of their money while receiving reliable financial advice and expert guidance.

Afrinvestor has long emphasized the use of technology as a critical component of improving its capital market competitiveness.

There are three types of investment options available: POP, Groove, and Classic. Any of these options will help you achieve financial independence.

19. Thrive

There’s a chance you were worried about agro-business. Don’t worry, Thrive has your back. If you’re an agriculturalist, you’ll love this mobile investment platform.

Its goal is to ensure that food production meets the demands of a rising population. It grants investors access to finance agricultural businesses in exchange for a 25% return at the end of the planting season.

20. FarmCrowdy

FarmCrowdy is a great way to invest in agribusiness. It gives you the perfect atmosphere and resources for investing in agriculture.

There are numerous possibilities open to you, whether it is aquaculture or animal husbandry.

You don’t have to be active in the day-to-day operations of the farm because your fund takes care of it. FarmCrowdy finances the farm and supplies the required farm equipment, crops, manure, and other materials with your money.

They provide a mobile app that you may use to manage and monitor your investments. You can also pay a visit to the farm to check where your money is going and how far they’ve come.

ALSO READ: How To Buy Foreign Shares From Nigeria 2022

How To Choose The Right Online Investment Platforms In Nigeria

This covers all the necessary elements that must be considered while choosing an online investment platform in Nigeria.

1. The Need for Investment

Investments in almost every capital market come with a risk, that’s a fact. However, if you do not invest at all, you will not only be missing out on the capital appreciation opportunities but will also be diminishing the value.

Nigeria is a growing economy, but with the inflation rate nearing 16% for 2021, it becomes extremely important to participate in a capital market to maintain the buying power of your money.

One of the reasons that experts say for the increased participation by retail traders in equities & cryptos is because of the low actual returns with other safer instruments, like the Fixed deposit, with which the actual return would be negative after inflation.

2. Which Capital Market is Right for You?

Once you made up your mind to enter into financial markets, there will be a plethora of options and opportunities. The selection can be perplexing and many investors fail to select a suitable instrument due to lack of knowledge.

3. Selection of Investment Platform

Once you are certain of the capital market & the instrument that you want to invest in, only then you can narrow out the list of investment platforms that can be chosen.

Some platforms offer multiple trading instruments but their service and offerings might not be similar and optimum for each investment or asset class.

4. Customer Support

Traders and investors must ensure that the chosen investment platform offers active and resourceful customer support & service. This can be quite helpful if you ever experience any issue or have any query at any step. The methods to reach out to the support staff, availability, user-friendliness, and effectiveness must be checked and compared before choosing an investment platform.

Brokers and investment applications offering local phone support in Nigeria must be prioritized over those who do not.

5. Other Factors

There are many more factors to consider while selecting an investment platform depending on the capital markets.

The availability of the platform in mobile or preferred devices, user-friendliness of the platform, promotional or loyalty bonus offerings, and many other factors can be considered and compared to select the most suitable investment application.

You might also to check out: 20 Best Sites To Buy Cryptocurrency In Nigeria 2022


Thousands of new traders and investors are joining the capital markets each day.

Due to this, the number of service providers is also increasing. Under such conditions, it is quite common to witness paid promotions and attractive taglines to lure newcomers.

An informed investor must avoid herd mentality and avoid taking recommendations from unknown sources. You should not choose a platform just because your colleagues or acquaintances are choosing it. Efforts must be made to seek the most suitable online investment platform for oneself.


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