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Nigerian micro-investment portal Trove nets new funding, from angel networks

Nigerian micro-investment platform Trove has secured further funding, this time from three local angel networks.

Trove’s app enables users to invest in bonds and stocks in Nigeria and in the US. The startup was founded in 2018 by Oluwatomi Solanke, Opeyemi Olanipekun, Osita Akagu and Desayo Aisegiri.

Trove secured its latest investment from Lagos Angel Network (LAN), SSE Angel Network (SSEAN), and Diaspora Angel Network (DAN), tech publication Disrupt Africa reported in an article earlier this month.

Nigerian startup Trove’s app enables users to invest in bonds and stocks in Nigeria and in the US

It comes after the startup announced in May last year that it had received an investment from Ventures Platform to scale its operations and build its team. It did not disclose the amount received in investment (see this story).

In May last year Solanke declined to disclose to Ventureburn details on the volume of investments made through the platform or how many users are currently using Trove’s app citing competitive reasons.

However, the startup announced in a post on LinkedIn last month that over the “past couple of months”, Trove users have traded more than one billion naira on the platform.

Source: https://ventureburn.com/2020/06/nigerian-micro-investment-portal-trove-nets-further-funding/

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

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