Tech
Firm introduces Treasury bills investment app
Opportunities to invest and boost savings in Africa’s finance sector have been further widened with the launch of I-invest in Lagos last weekend.
I-invest is a mobile Treasury Bills (T-Bills) investment application which is supported by Android and IOS devices and allows users to buy treasury bills directly from their smartphones.
The new app, which was developed by Parthian Partners, a brokerage services firm in partnership with a Nigerian bank, levels the playing ground for new investors providing them with equal opportunities available to experienced and institutional investors to save money and improve their money market portfolios through treasury bills.
The app eliminates entry barriers such as lack of education and information to make smart investment decisions and ability to get a broker and/or time required to visit banks to fill forms for treasury bills.
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Commenting on the app, the CEO, Parthian Partners, Oluseye Olusoga said, “I-invest extends the use of mobile technology beyond money transfers, utility bill payments and airtime purchases.
“It broadens the choice of money market products available to new and experienced retail investors in the Nigerian money market to include treasury bills.
“Potential investors require only a smartphone with a functional mobile phone line and data subscription to use I-invest.”
Olusoga added that I-Invest would appeal to Nigerians who are looking for opportunities to grow their savings through a diversified money market portfolio, stressing that users can invest from any location without the usual challenges they faced while attempting to do so in the past.
Potential investors could begin their investment plans with a minimum of N100,000 on available securities. While interest accrues daily, investors would get investment amount and interest credited to their bank accounts on maturity.
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