Lagos, (Nigeria), May 15th, 2023 – JumiaPay, the digital payments
and fintech platform of the leading e-commerce platform in Africa, has announced a partnership with Trove Finance, Nigeria’s leading online investment platform. This partnership enables Trove’s customers to leverage JumiaPay to fund their investment accounts, providing a seamless and convenient way to manage their investments. JumiaPay is a CBN licensed Payment Solutions Service Provider (PSSP) that partners with businesses to make payments easier, faster, and more secure while also boosting their growth through free marketing and visibility add-ons.
Trove has integrated JumiaPay as a payment partner, making it more convenient for Trove’s customers to fund their investment accounts without the need to leave the Trove app or log into another platform.
Customers can now enjoy a seamless investment experience with just a few clicks. Trove's integration with JumiaPay also allows customers to set up recurring investments, giving them more control over their investment journey.
Speaking on the partnership, the CEO of Trove, Oluwatomi Solanke, said, "We are excited to partner with JumiaPay to simplify the investment funding process for our customers. We believe that our collaboration will enable us to provide our customers with a more convenient, secure and seamless experience while investing on our platform."
The partnership is a significant milestone for both companies as it allows Trove to leverage JumiaPay's vast customer base for added visibility, while JumiaPay expands its services to include investment funding, which is a critical area for Nigerians who are looking to build their wealth through investment. JumiaPay customers would also be able to interact with the Trove ecosystem right from the JumiaPay platform. A boost for Trove's online reach and also value for JumiaPay users.
"At JumiaPay, our vision is to make payments easier, faster, and more secure for everyone. We are excited to partner with Trove to enable Nigerians to invest seamlessly. This collaboration further demonstrates our commitment to providing a complete financial ecosystem to our customers," said Adedamola Giwa, Managing Director, JumiaPay Nigeria.
With this partnership, Trove is further cementing its position as a leader in the Nigerian investment industry, providing an easy-to-use platform that is accessible to everyone.
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About Jumia
Jumia believes that technology has the potential to transform everyday life in Africa for the better. Jumia was built to help consumers access millions of goods and services conveniently and at the best prices while opening up a new way for sellers to reach consumers and grow their businesses.
Listed on the New York Stock Exchange (NYSE) in 2019, Jumia (NYSE : JMIA)is the leading e-commerce company in Africa, operating in 11 countries. The Jumia platform consists of a marketplace, which connects sellers with consumers, a logistics service, which enables the shipment and delivery of packages from sellers to consumers, and a payment service, JumiaPay, which offers a safe and easy solution to facilitate online payment transactions. The company offers goods across a broad range of categories, such as phones and electronics, home appliances, fast-moving consumer goods, fashion and beauty. The company generated over USD 1 billion in Gross Merchandise Value in 2022 and has over eight million customers.
For more information about Jumia, follow us on LinkedIn: Jumia Nigeria and Twitter: JumiaNigeria
About Trove
Trove is Nigeria's first micro investing platform that enables Nigerians to invest in global financial markets. Through Troves technology, Nigerians can now access and trade US, Nigerian and Chinese Stocks, ETFs and bonds. Trove's mission is to democratize access to investment opportunities and make investing easy, affordable, and accessible to everyone.
For more information about Trove, you can visit our website here. You can also follow on LinkedIn: Trove Finance and Twitter: @TroveFinance
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