Nigeria’s micro-investing startup “Trove” raises funding from Three Local Angel Network.

Nigeria’s micro-investing startup “Trove” raises funding from Three Local Angel Network.

Nigerian micro-investing startup “Trove” has raised funds from three local angel networks because it prepares for expansion.

Trove has built an easy micro-investing app that allows its users to take a position small amounts in additional than 3,000 Nigerian, American, and Chinese stocks, bonds, and ETFs.

Trove is a platform built to unravel issues around the accessibility of securities investment and allows Nigerians and very soon all Africans to take part within the global economy and buy shares in international firms.

Trove has now secured further investment from three Nigerian angel investor networks that are, Lagos Angel Network (LAN), SSE Angel Network (SSEAN), and Diaspora Angel Network (DAN) after being able to raise from both Ventures Platform and ARM over the last 13 months,

The investments will allow the startup to maximize its team in order to speed up its growth. Oluwatomi Solanke, co-founder and chief military officer (CEO) of trove said that the support from these three angel networks will begin to bring endless opportunities.

“We are excited to figure and liaise with them as we still democratize the financial landscape and inch towards our goal of making A level playing field for all investors across the continent to participate within the global economic system. We welcome the syndicate and are stoked about the endless opportunities which will begin of this, ”  he said.

Funmi Oyetunji who spoke on behalf of LAN (Lagos Angel Network) said, “The Trove team has demonstrated commitment to making and growing value for both clients and investors and that we are excited to travel on this journey with them,” she explained

Gerard Olisa-Ashar of DAN also said the network’s basic purpose is to find out, mentor and fund talented entrepreneurs in Africa that bring out the potentials they have in order to make real value to improve the lives of Africans through technology.

“We believe we are fulfilling the primary half that purpose by closing this deal and that we anticipate to helping Tomi and his team unleash more potential and make more value,” he said.

Kelechi Abah of SSEAN said the network was excited about Trove and therefore the value it creates.

However, the president of the African Business Angel Network (ABAN), Tomi Davies welcomed what he described as an “innovative cross-network syndication”, which he believes is the first of its kind and something he expected to ascertain more of as angel investing starts to grow in Africa.