4 WealthTech platforms shaping the financial ecosystem in Nigeria

By Delisha Fernandes

Nigeria has witnessed a significant shift in its financial ecosystem in recent years, driven by the rise of wealth management platforms. WealthTech platforms leverage modern technology and provide a wide range of financial services, enabling Nigerians to make smarter financial decisions, access opportunities for investment, and build their wealth in an evolving digital era.

Furthermore, FinTech activity across the African nation has also expanded into the savings and investments sector. According to Statista, in 2023 Nigeria’s most significant market will be Digital Investment, with a total transaction value of $58.37 million. These innovative digital solutions have transformed how individuals and companies manage their finances, invest, and achieve wealth goals.

Let’s explore 4 WealthTech platforms shaping the financial ecosystem in Nigeria.

• Cowrywise

Cowrywise is a FinTech platform licensed by Nigeria’s Securities and Exchange Commission (SEC) as a fund manager. The platform provides access to savings and investment products for the growing population of the underserved African middle class and millennials. Cowrywise empowers individuals with innovative wealth-building tools to allow them to enhance their financial health. The platform is designed to share easy access to innovative wealth-building tools and fundamental financial right individuals and business deserves.

• Chaka

Chaka is a technology solutions platform for every business and individual in Africa, to access borderless digital investment and wealth management opportunities. The platform combines investment expertise and innovative technology to offer reliable digital investing, trading and wealth management solutions that are easy to use and integrate.

• Piggyvest

PiggyVest is a platform that helps individuals and businesses manage their finances effectively, save and invest with ease offering direct investment opportunities to users in addition to savings. The platform also assists in managing finances with simplicity and transparency. Individuals and businesses can save & invest billions of Naira every month that they would have instead spent.

• Rise

Rise gives Nigerians access to foreign investment opportunities through products such as Fixed Income, US Real Estate, and US Stocks. The platform provides investments worldwide to everyone in Africa and beyond to create wealth for the continent.