Description
Trove is an investment platform that gives users access to fractional shares of stocks, ETFs, bonds, mutual funds, treasury bills, and real estate, alongside a social investing feature that lets members follow and learn from other investors' strategies and trades. The platform also offers savings products (NGN and USD savings with competitive annual returns), a Trove University education hub for financial literacy, a Trove API for developers, and Trove for Business offerings. Trove emphasizes security and regulatory compliance, noting its trading partners are registered with the SEC in the US and Nigeria and that US stock portfolios are covered by SIPC insurance up to $500,000. It has over 400,000 registered users and has processed over $11m in trades, and has been backed by organizations such as Techstars, Startupbootcamp, Launch Africa, and Ventures Platform. Its primary clients are individual retail investors seeking simplified, social, and diversified investing options.