Finance apps have develop into a factor within the fintech sector with the acceptance of know-how. Know-how has warmed its means into the guts of man’s each exercise, making life simpler. From ordering your favorite pizza to getting your choicest shoe out of your dream retailer, from reserving your journey ticket for trip or baecation to hailing a taxi to sit back with the geng, all you want is your smartphone. Growth! On the snap of the finger, it’s finished.
In the identical method, know-how has additionally crept into our finance sector giving us a buffet of providers to monetary freedom with various finance apps accessible on our smartphones and different devices. These finance apps permit for cost of payments and entry to mortgage services, banking providers, funding thereby saving us the stress and sweat of the normal methodology.
A few of these finance apps have carried out tremendously in Nigeria in 2020. And we actually assume they might carry out even higher within the coming 12 months. Simply in case your new 12 months decision is to realize monetary freedom, right here’s an inventory to assist are likely to your new pact; ease your funds and assist in attaining your set out monetary objectives. In no explicit order, right here’s an inventory of high finance apps to be careful for in 2021.
High Finance Apps in Nigeria To Watch Out For In 2021
Piggyvest
One of many steps to gaining monetary freedom is cultivating the saving behavior. Many individuals plan to save lots of however do not know on the way to go about it or the way to save successfully; therefore the creation of Piggyvest.
Piggyvest, previously often known as Piggybank, is an internet financial savings platform that enables customers to save lots of judiciously and be disciplined with their financial savings. The finance app which began as a financial savings platform that enables customers to save lots of as little as a greenback and limit withdrawals to advertise self-discipline now doubles as an funding app. The brand new additions to the app not solely permit prospects to save lots of but it surely additionally helps them make more cash.
The Piggyvest app affords a number of financial savings and funding merchandise on the app which incorporates
- Piggybank: For strict quick time period financial savings with choices of automated and guide deposits. It affords as much as 8% p.a curiosity.
- Flex naira: Versatile quick time period financial savings for emergencies with free transfers and withdrawals. Permits customers to earn as much as 8% p.a curiosity.
- Safelock: This works just like the common mounted deposit account. It requires stashing away funds with out having any entry to it for a set interval you set to keep away from temptations. Presents up 13% upfront curiosity.
- Goal: This helps customers to save lots of with self-discipline in direction of a selected distinctive particular person or group goal or purpose.
- Investify: Permits customers to put money into major and secondary alternatives with as much as 25% curiosity. These alternatives have been vetted and authorized to be low and medium danger. Investments beneath PiggyVest are insured
- Flex Greenback: This product permits customers to save lots of and put money into {dollars} with an rate of interest of seven% each year. It additionally permits for fast buy of {Dollars} with Naira
With over 100,000 downloads and good scores, Piggyvest is one dependable finance app you may belief in your monetary journey in 2021.
Quidax
Among the best issues which have occurred to the finance sector in 2020 is the rising adoption of Bitcoin and different cryptocurrencies. While Nigerians need to hop on this new digital foreign money practice, they want a dependable channel to fulfil their crypto wishes.
Quidax has confirmed itself to be top-of-the-line crypto exchanges in Nigeria with distinctive providers and a cellular app that caters for customers’ crypto cravings on the go.
Quidax is an African primarily based crypto trade established that goals to make remittances throughout and inside Africa simpler. In addition to to allow customers throughout Africa to entry cryptocurrency through its cellular app (iOS and Android) and web site.
The cellular app which is user-friendly makes it for customers to purchase, promote and retailer cryptocurrency with its immediate purchase/promote function. The order e book trade function permits buying and selling with different folks by matching orders.
In 2020 Quidax listed Sprint and Tron (TRX) as a part of its supported cryptocurrencies in a bid to serve their prospects higher. Quidax is rated extremely for its comparatively low prices, detailed FAQs and simple withdrawal/deposit strategies.
You’ll be able to at the moment buy, sell and store Bitcoin (BTC), XRP, Ethereum, Tether (USDT), Litecoin (LTC), Tron (TRX) and Sprint.
If you’re trying ahead to purchasing, promoting or storing cryptocurrency, it’s best to think about using Quidax.
FarmCrowdy
Farmcrowdy is the primary digital agricultural platform in Nigeria. It permits customers to be a part of the agricultural course of with out really getting their palms soiled. It was created to extend meals manufacturing and safety in Africa by empowering farmers.
Farmcrowdy platform is without doubt one of the finest funding alternatives in Nigeria. It makes entry and funding in agricultural manufacturing simpler from the consolation of your house with only a cell phone.
Customers get to make earnings from sponsoring a farmer by way of the ‘farm store’ function and also can monitor the farm by way of periodic photographs, textual content and video updates.
The Farmcrowdy platform makes agriculture a win-win scenario for each farmers and sponsors who earn good return for his or her investments. The farmer earnings by promoting his farm proceeds at a worthwhile worth.
The imaginative and prescient is to empower over 50,000 farmers by 2022. Because it stands now, the platform has recorded over 4,000 farm sponsors and over 80,000 farm sponsorships. Investments are additionally insured which makes it actually secure.
Trove
Suppose investments? Suppose Trove. Trove is an funding platform that means that you can put money into native and worldwide shares and bonds with as little as ₦1,000. Heard about little drops that make an ocean?
Trove promotes the funding tradition and offers alternative to even low earners to put money into shares like Google, Apple and Tesla. Trove has made investing domestically and internationally quite simple for Nigerians. You don’t must have billions of Naira to leverage the alternatives within the international financial system. You’ll be able to put money into overseas and native shares, Authorities bonds and ETFs by way of its cellular app with just a little sum of cash.
Digitalization is taking up and Trove has been capable of harness this benefit for its millennial prospects. Are you trying to make investments along with your smartphone? Are you interested by overseas shares? Then Trove is your go-to app.
RapidPay
Who no like higher factor? A platform that means that you can obtain or ship cash to any Nigerian checking account from any a part of the world without charge immediately utilizing Bitcoin undoubtedly is an efficient factor.
Additionally it is the proper concept for sending cash to household and associates who’re in Nigeria or receiving cash from purchasers who keep abroad as a freelancer, particularly now when working remotely is on the excessive aspect.
The app generates a particular Bitcoin pockets deal with for any Nigerian checking account mechanically. All of the sender must do is enter the recipient’s financial institution particulars and the quantity to be despatched in {Dollars} or Bitcoin. The app mechanically converts and sends the equal of the quantity in Naira. Whether or not or not the recipient has an concept of Bitcoin just isn’t obligatory.
The app permits prospects to promote their Bitcoin at one of the best market fee they’ll get. Whereas making free transfers on the app, customers also can commerce.
Carbon
Carbon is an easy-to-use and fully on-line lending platform that gives short-term loans to people and small companies in Nigeria who want pressing money or to assist cowl surprising bills.
With Paylater, you may entry a mortgage of as much as ₦500,000 with no collateral. As soon as your software is authorised, funds are sometimes obtained inside 1 – 3 enterprise days.
Repaying your mortgage on time will help grant you entry to increased credit score limits on your subsequent mortgage.
