i-invest transactions hit $100m in five years
by: JOHN DOE
on: JULY 4, 2022
in: BLOG
Nigeria’s digital platform for treasury bills, and financial services, i-invest, has recorded over $100 million transactions from customers.
Its Chief Operating Officer, Tobi Olusoga, stated this during the firm’s fifth anniversary in Lagos.
She said the transactions came from investors in various parts of the country and world.
The event, attended by Nairametrics founder, Ugochukwu Obi-Chukwu, also gave customers the opportunity to express gratitude to the company for its quality services and investment opportunities.
Olusoga said i-Invest, a flagship product of Parthian Partners, has over 130,000 customers subscribed to its platform.
Olusoga stated: “Today, we have over 130,000 users on the platform and we have seen we see that number growing. We are seeing active activity day in and day out and the great thing is that obviously over the weekend over the holidays, we see activity and we only expect growth. Transaction value is over $100 million over the five years.”
According to her, the investment community is optimistic with the new administration’s economic plans.
“You know, we have had a lot of issues around policy flip flop, but I think generally there is some optimism that there might be some more stability, more opportunity.
“One of the things that I ve been questioned on over the years is foreign equities, and what’s the stance on all of that? It hasn’t been clear, we haven’t ventured into that space, but we are optimistic that there will be clarity on policy and direction.
“Also, there is a new startup bill and we feel that the opportunities are great,” she said.
Also, on Foreign Direct Investments (FDI), she added that the international investment community is waiting to see policy directions before they reverse capital flight.
“People would want to see the stance of the new government, what are they standing for, what are the policies, is there going to be stability in the foreign exchange and I think that will basically direct the path. I think that there are indicators that suggest we should see an increase in terms of things like the removal of fuel subsidies.
And if we are able to see stability in the exchange rate I think we will see much more inflows from FDI,” she further said.
Furthermore, speaking on the 5th anniversary, she said: “Personally, it is like a great achievement because it was an idea that started five years ago, when we came into the market, digital platforms like this were not really common. Now today, there are a lot of them. But when we started, it wasn’t really commonplace for you to invest on an app, people still went to traditional banks.
Obi-Chukwu made presentations that highlighted the key investment opportunities in the economy and risks that come with them.
He educated participants of the benefits of investing in government securities, mortgage market, among others.
The participants lauded i-Invest for the opportunity to lean and understand the markets better.
