Digital sector in focus - Online Investment
Pulse pick - Bamboo
Bamboo is an online investment platform on a mission to provide Africans with real-time access to global investment opportunities right from their mobile phones or computers.
In making a selection for this category, the Pulse Team was interested in finding a company offering the most seamless interaction to users on its platforms, and in addition, bringing a level of innovation that could advance and transform the investment space in Nigeria. Through our reviews, we found Bamboo strongly meeting all our requirements.
5 reasons why Bamboo was the easy choice to make
1. Excellent user experience
Bamboo is very easy to use. It allows users is to discover the best global companies to invest in within minutes. The Bamboo user experience is great! The onboarding process is seamless & takes less than 5 minutes. The platform's intuitive interface also makes it very easy to use regardless of whether you are a new investor or a veteran.
With Bamboo, users enjoy the flexibility of funding their wallets in Naira or Dollarsthrough different options including debit cards, bank transfers and wire transfers. Making an investment is almost instant and users can choose from the best stocks and exchange traded-funds available in the U.S. equity markets. Users can also invest fractionally by trading pieces of shares instead of the whole sums.
3. Detailed real time information
With Bamboo, investors do not need to search endlessly for information on stocks. The app’s stock information pages are very detailed. They show the current stock price, a real time breakdown of why a stock is moving, a charted view of the stock’s movement over different time periods, earnings performance, analyst ratings and much more. Bamboo also provides real time news on a stock or ETF in the information page along with a history of the company.
It takes less than 5 minutes to sign up to Bamboo. With a deposit threshold of as low as $20 and access to fractional shares, Bamboo is accessible to almost anyone no matter their financial strength.
Bamboo was launched in November 2019 and since then, it has provided access to global financial markets to tens of thousands of Nigerians. In January 2020, Bamboo was one of five Nigerian companies that were inducted into the Y Combinator 2020 Winter Batch.
If you want to learn more about Bamboo or get started with online investment visit investbamboo.com.
Watch this space for more of our picks.