Top 12 online investment platforms in Nigeria

With these portals, websites and mobile apps, ordinary folks can now save effectively, invest profitably and even get loans without collateral

In this post, I will show you some websites and mobile apps you can start using today to save and invest money wisely in Nigeria in an automated manner.  These savings and investment platforms have helped a lot of Nigerians improve their personal finances.

You too can be part of it.


All you need to access these savings and investment platforms are your mobile smart phones (android or ios) and similar devices with a data subscription,  or your laptop or desk top with internet access.  To open an account, you will must have a bank account, a debit card, Bank Verification Number (BVN) and a valid means of identification.

Some of these platforms are strictly savings apps, others are strictly investment apps while a good number of them offer both services including online lending.

Hold on! Before we continue with this article you may also like this online business called “Netcontacts Nigeria” briefly,


Discover Nigeria’s finest online business today. You Can Be Making Atleast ₦100k Monthly Legitimately With Your Phone And From Home

How it Works        
You can join the business for Free, thereafter you activate your account with ₦1500 Only. The system automatically assigned an Invitation Code to your account once activated, and it’s at this point you start making money.

For Example:

  • If you invite 1person ₦1500×1=₦1500
  • If you invite 5person ₦1500×5=₦7,500
  • If you invite 10 persons ₦1500×10=₦15,000 etc…

What You Need to Know:
It’s NOT a Ponzi Scheme or Investment site neither does it have a central account payment system. You’re not selling any product or services for NetContacts Nigeria. It’s a platform for Entrepreneurs to make money with no third party. The concept is that as an active membership, you get paid ₦1,500 for each person that you invite to join the business and all payments goes directly into your local bank account.

Is Netcontacts Nigeria Legitimate?
Yes it’s 100% Legit. You can do your personal research on Google to learn more about them and you’ll be amazed how people make cool cash.

With the above strategies you can be making atleast ₦100k Monthly from this business.

Now let’s continue….

Now, our Top 12 Savings and Investment Platforms in Nigeria

1)  Payvest 

An investment feature on the Paylater app, the online lending platform, Payvest allows users to save and earn interest as high as 15 percent per annum payable quarterly.  It works like your regular fixed deposit in that you are not allowed to add once lock-in for a specified tenor. With a minimum investment of N50,000, users are allowed to lock-in their investment for periods ranging from 3, 6, 9 or 12 months.

Important Note: Paylater and Payvest have been re-branded as a Carbon.  Carbon is an app that lets you control your finances in just a few clicks – save, invest and borrow. You can also recharge airtime and pay bills from this single app.

2)   Cowrywise  – This platform affords you the opportunity to automate your savings.  You decide how you save and when you save which can be daily, weekly, or monthly.  By linking your debit card to your Cowrywise account, your savings programme is automated.

Cowrywise pays interest of between 10 – 15 percent per annum on your savings and this is accrued and credited to your account on a daily basis.  You are allowed to withdraw from your savings at any time and also qualify for Cowrywise loans at a cheap rate.

Download the Cowrywise app or visit their website

3)  PiggyVest – Formerly, PiggyBank.  It is the first and about the most popular of these savings and investment platforms in Nigeria. Their claim is to give Nigerians the power to manage their finances by making it more transparent.

You choose to save small amounts or as big as you can periodically – daily, weekly, or monthly towards specific causes, programmes and projects and earn interest of between 10 – 17 percent,

You can also choose to lock away your savings for a particular period of time in the Safe Lock which is equivalent to a fixed deposit account in a regular commercial bank.

You can save between N50 – N25,000 daily, N1,000 – N100,000 weekly and N3,000 – N500,000 monthly and with their quicksave option you can add more funds to your savings at any time to the tune of N500,000 per time.

Create a PiggyVest free account

4)  SmartSaver   – An online savings and investment platform which aim is to make saving money easier, smarter, convenient and secured.  They use Paystack for all their payment and their funds are warehoused in FCMB.

Set your savings target and approach on daily, weekly, or monthly bases.  Withdrawal is quarterly and your money earns interests far much higher than what you get on a regular bank savings account.

SmartSaver investment savings pays as high as 30 percent per annum while their SuperSave product pays up to 8 percent per annum, quarterly at 2 percent per quarter.

SmartSaver users enjoy the benefit of getting a loan from them without collateral.

Check out SmartSaver

5)  Alat – This platform is powered by Wema Bank and can be said to be more than just a savings and investment platform. It is prided to be Nigeria’s first digital bank designed to democratize banking services and make it accessible to all.  Using your mobile phone, you can open an account and start an automated savings programme that pays you up to 10 percent annum, 3 times what the bank pays its regular saving account customers.

Top 12 online investment platforms in Nigeria
Top 12 online investment platforms in Nigeria

Check out ALAT

6)  Reach  – This is a personal finance app that helps you develop a financial discipline by tracking your income, monitoring your expenses and helps you make intelligent money choices.  Forbes describes Reach as a Nigerian Fintech that helps you save for life’s big moments.

Using an algorithm, the app tracks your SMS alerts and use it to produce detail personal financial management information to give you a breakdown of where your money goes each week, insights on how you spend and a budgeting tool to help you achieve your financial goals.

This fintech company currently supports 17 banks in Nigeria and Ghana.  Download the Reach app on google play store.

7)  Kudabank –  Kudabank is arguably Nigeria’s first digital-only bank that is licensed by the Central Bank of Nigeria.  It’s a full fledged microfinance bank with a complimenting digital platform that allows to start and complete banking transactions online with writing a single line on paper.  On the kudabank app, you can save, invest and borrow, all in an automated manner.  Being a microfinance bank means that its deposit is covered by the Nigerian Deposit Insurance Corporation (NDIC)

Visit kudabank here

8)  Riby – An online  savings and investment platform designed to assist individuals and small businesses to save, invest, and borrow money at competitive interest rates.  The platform has modules for different market segments: Riby Cooperative addresses the need of Cooperatives, Associations and Trade Group helping them manage member contributions, savings, and borrowing; Riby Peer lending, which allows peer-to-peer lending and the Riby Saver App which allows users automate their saving.

9) Fundall – Fundall is one stop personal financial management app that enables you automate the planning and management of all your finances from one app.  You can save, invest, borrow, pay bills, and even buy insurance with this app.

It’s simply a personal financial management tool that provides you with all you need to build wealth and grow your business.

Get more details on their website here

10)  Kolopay – A mobile app that allows you save towards planned target over a period of time.  With kolopay, you can share your savings goals with friends and family so that the also can be part of your plan by contributing towards your goal.  You earn interest on your savings at 6 percent annum.

11)  I-Invest – If you have always wanted to play in the Treasury Bill market and has been constrained to do so, this mobile app will help you begin to do so quickly. I-invest helps users to grow their savings and earn a higher interest rate by buying Treasury Bills irrespective of where they are located just by clicking the buttons on their mobile phones.  The minimum investment is N100,000.  Interest is accrued daily and on maturity principal amount invested plus accrued interest is credited to your designated bank account.

Start using i-invest now

12)   Payday – The Payday investor is an online investment platform powered by ARM, a Nigerian wealth management company.  The platform is designed to help users save automatically, your savings is thereafter invested in any of their mutual funds for higher returns.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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