i-Invest woos Investors With T-bills, Gets 70,000 Downloads

• i-Invest woos Investors With T-bills, Gets 70,000 Downloads

Africa’s investment mobile application which allows users to purchase treasury bills directly from their smartphones has recorded a combined figure of more than 70,000 downloads on Apple App store and Google Play store in less than 10 months of its entry into the market.

According to a statement on Monday, the app, known as i-Invest, was swiftly embraced by investors who had been yearning for a fast and convenient means to access investment products in a secured manner using technology.

It stated, “The fast pace of innovation in the FinTech space is indeed helping to make life easy for the customer. Today, millions of customers are able to perform most of their banking transactions from the comfort of their homes.”

According to the statement, a 36- year- old teacher, Mr Remi Oduntan, who could not hide his excitement at the discovery of the i-invest app, said, “I have been conducting most, if not all, of my banking transactions through the app that I downloaded on my Android phone many years ago. The only reason why I still visit the banking hall occasionally is in respect of my investments in treasury bills.

“You can, therefore, imagine my surprise upon learning that I can also engage in my favourite form of investment in treasury bills from the convenience of my home or from anywhere else as soon as the app is downloaded on my smartphone.”