Trove Finance
Trove Finance is a mobile-first investment platform that enables retail investors in emerging markets to buy fractional shares of over 10,000 global stocks, ETFs, bonds, mutual funds, treasury bills, and real estate. The platform integrates social investing features, allowing users to follow successful investors, view their portfolios, and receive automated trade alerts, alongside savings accounts offering up to 20% annual returns on NGN and 5.5% on USD.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Many retail investors in emerging markets face high barriers to entry for global investment, including high minimum purchase requirements for individual stocks and limited access to diverse asset classes like bonds, ETFs, and real estate. Additionally, novice investors lack the guidance and transparent insights needed to make informed decisions and build effective portfolios.
Solution
Trove provides a mobile-first investment platform that enables users to buy fractional shares of over 10,000 global companies, along with ETFs, bonds, mutual funds, treasury bills, and real estate. The platform integrates a social investing layer where users can follow successful investors, view their portfolio compositions and track records, and replicate their strategies. Automated alerts notify users whenever the investors they follow make trades. The app also includes a savings feature called Earn by Trove, offering up to 20% annual returns on NGN savings and 5.5% on USD savings, alongside virtual debit cards for global spending.
Target Audience
Primary users are retail investors in Nigeria and other emerging markets seeking affordable, diversified access to global financial markets, as well as novice investors looking for social guidance and educational tools to improve their investing skills.
Features
- Fractional investing across 10,000+ global stocks, ETFs, bonds, mutual funds, treasury bills, and real estate
- Social investing feature allowing users to follow experts, view portfolio breakdowns, and receive automated trade alerts
- Earn by Trove savings accounts with up to 20% annual returns on NGN and 5.5% on USD
- Virtual debit cards with granular spending controls including freeze, limits, and notifications
- Trove University with educational quizzes and challenges to build financial literacy
- Bank-level security with encryption, two-factor authentication, NDPR/GDPR compliance, and SIPC insurance up to $500,000 on US stocks