InvestNaija Review: Simplified Investing for Millennials or Scam?

Chapel Hill Denham is championing the next generation of investors in Nigeria via their product InvestNaija.

With InvestNaija, users can learn about investing, save and invest on the go in a diverse portfolio of assets.

In this review, we want to take a look at some features of InvestNaija to ascertain if it's a good fit for millennials looking to save and invest for reasonable returns.

A quick look at the app gives a simplistic view of savings and investment plans, which is quite inviting, plus the user registration on the app is a breeze.

Want to know more about InvestNaija? Let's dive in.

How does InvestNaija work?

InvestNaija is a platform where Nigerians can save and invest for reasonable returns.

The app features learning materials, historic graphs and investment calculators to help users make the right financial decisions.

Here at the 3 main features on the app:

LearnIN

with LearnIN, users can access texts, videos and podcast learning materials to build their knowledge of savings and investment.

SaveIN

With SaveIN, users can save for their short-term goals in a diverse way. From emergency savings right to value-based savings.

InvestIN

With InvestIN, users can invest in a diverse list of Nigerian stocks, bonds, and mutual funds.

Is InvestNaija Real or Fake?

Invest Naija is a veritable investment platform for saving and investing in Naira and dollars in Nigeria.

I was able to register on the app and explore their savings and investment offerings.

The first thing I observed from using the app is that it is simple and fast.

For any Nigerian millennial looking to cut the chase and just access tools for saving and investing on the go, then InvestNaija is highly recommended.

How can you get started with InvestNaija?

To get started with InvestNaija is actually a breeze.

All you need to do is download the app, register an account with your email and phone number, confirm your email, and get started using the app.

You'll later be required to complete your profile and add your BVN to fully access the offerings in the app.

How Can You Make Money With InvestNaija?

To make money on InvestNaija, you have to either save or invest money.

The SaveIN allows users to save in Naira savings plans while the InvestIN allows users to invest in Naira and Dollar portfolios.

How much can you make with InvestNaija?

With InvestNaija, you can make a 12% return on savings via the SaveIN plan, but there is no guarantee on how much you can make via InvestIN.

That means, how much you can make on InvestNaija depends on your knowledge of investing and picking the right stocks and portfolio.

Is InvestNaija Legit or Scam?

The platform is definitely legit.

InvestNaija is a product of Chapel Hill Denham, a leading investment banking and fund management firm in Nigeria, with over 20 years in the industry.

They have their corporate office in Lagos, so you can always walk in and make your findings if you have any doubts.

Positives about InvestNaija

I particularly like that InvestNaija does not just want to take your money. They genuinely want their users to learn about investing to help them make better investment decisions.

They provide learning materials in texts, graphs, videos, and podcasts to help users make sound financial decisions using the InvestNaija app.

Also, I like that they don't just offer investments in Naira but also in dollars, which gives users the chance to hedge their portfolio against local inflation.

Negatives about InvestNaija

The only negative I have about InvestNaija is that their savings product, SaveIN, offers only a 12% interest on savings.

This is definitely low considering available alternative savings apps in Nigeria.

Many other savings apps in Nigeria offer users over 20% APR for savings, so InvestNaija have to consider this if they are to attract new users to use their SaveIN product.

Should you Invest your money with InvestNaija?

In my opinion, investing with InvestNaija should be a no-brainer, especially using their InvestIN product which offers diversified portfolios of Naira and dollar bonds and mutual funds.

I believe their InvestIN product is their selling point, as users are afforded a simplified way to invest their money on the go.

I'm definitely trying it out!

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