How do you give young Nigerians access to profitable investment opportunities?
Currently, Nigerians looking to invest have options which are often limited to the elite and/or are currently offering negative returns due to the country’s high inflation rate and economic instability. For instance, the typical savings account returns 4% interest per annum. While this seems reasonable, inflation in Nigeria currently sits at around 11%, effectively returning -7% for anyone who saves with a bank.
A lot of us are privileged enough to have access to public stock markets particularly via apps and mobile like Robinhood or Freetrade. This isn’t the case for many young Nigerians but Bamboo is set to change this. ⠀
Bamboo is Nigeria’s newest investment tech startups giving Nigerians unrestricted access to over 3,000 stocks listed on BOTH the Nigerian and US stock exchanges.
I spoke to Yanmo Omorogbe Co-founder and Director of Growth about the problem Bamboo is solving, her journey from finance professional to tech entrepreneur and more.