Business
Trove Secure Equity Funding From ARM
Nigerian fintech startup, Trove, has secured an undisclosed amount of
equity funding from an assets management company, ARM. With this
funding, ARM hopes to partner with the Fintech to help broaden
investment opportunities for its teeming customers around the country.
Ekohotblog understands the investment comes after Trove participated in the Labs by ARM programme launched in partnership with Ventures Platform in 2018.
Managing Director of ARM’s Financial Advisers, Henrietta
Bankole-Olusina explained that the funding is an excellent opportunity
to enlarge the investment fields for their clients and help them
accumulate wealth globally.
“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,”
Through this partnership also, users of the ARM Stocktrade App will be
able to seamlessly participate in the global economy and own shares in
companies such as Facebook, Lyft and Pinterest without social security
numbers.
Founded in 2018 by Austin Akagu, Desayo Ajisegiri, and Oluwatomi
Solanke, Trove is a platform that delivers access to investment
opportunities in financial securities such as bonds and stocks in both
the Nigerian and international markets.
This new round of funding is Trove’s second as the fintech previously
raised an undisclosed amount from Nigeria-based VC, Ventures Platform
less than a year ago.
Currently, Trove app has over 1000 downloads on Playstoreas the
startup hopes to continue its growth in Nigeria with the funding.
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