Afrinvest, Western Union partner on remittances
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Afrinvest (West Africa) Limited, an investment management firm, has announced a strategic integration with Western Union, a leader in money transfer services.
This partnership marks the first time Western Union has collaborated with an African investment platform, allowing Nigerians abroad to remit funds directly for financial investments through Afrinvest’s investment platform, Optimus by Afrinvest.
The partnership simplifies the process for Nigerians in the diaspora to invest in the Nigerian financial market without needing intermediaries like family or friends.Nigerians living in nearly any country around the world can now transfer money directly to their Optimus by Afrinvest accounts via Western Union, converting their funds into Naira for investment purposes.
Chief Executive of Afrinvest Group, Dr. Ike Chioke, stated: “We are thrilled to integrate with Western Union to bring this groundbreaking service to Nigerians in the diaspora. By providing a direct channel to remit funds for investment, we are making it easier for Nigerians in the U.S., U.K., Cameroon, Ghana, Canada, and wherever Western Union operates to create wealth and participate in the growth of the Nigerian economy.”
Chief Business Officer of Optimus by Afrinvest, Ayodeji Ebo, highlighted the wide range of investment options available on the platform, which caters to various risk appetites and financial goals. Notable investment products include Optilock, offering returns as high as 20per cent per annum for Naira investments and seven per cent for dollar options, as well as Afrinvest Plutus Fund, which provides access to high-quality, short-term fixed-income securities.
