I made $10,000 with these 5 Nigerian Fintech Apps! - YouTube

I made an extra 10,000 dollars just with these  different Nigerian fintech apps, here’s how:

As at the 27th of December 2020, I decided  to try out an experiment and the outcome  

was quite interesting. This experiment helped  me save and invest over 4.6 million Naira which  

as at the time of making this video is $10,000  dollars and in this video, I’m going to be sharing  

some tech apps in Nigeria that can  help you do the same and even more.

Before I go on guys, I have to say that  this video is not investment advice,  

it’s just what’s worked for me, please don’t  copy me as some of the methods I used are quite  

extreme however, I thought they were  useful and I thought I should share them.  

Without further ado, let’s get to the video.

First off, I want to say happy new  year to everyone watching this video,  

I really thought hard about posting a  video like this and this is not clickbait,  

the records are there, I’ve been getting a lot  of requests from financial companies and also  

a few people who’ve reached out for some tips,  this is that video and more. Maybe if you like  

it I might consider doing something more along  that line, let me know in the comments below.

The first app I want to talk about is called  Quidax, and it’s an app where you can trade  

cryptocurrency on. Bitcoin was a major tool  for me especially when it came to holding  

and having a fast or swift means  of exchange that the nature of  

Bitcoin or cryptocurrency is and what it  facilitates. Nigeria is fast becoming a hub.  

You don’t have to deal with the bottle  neck of some banks and their limitations.

I like Quidax because of their level  of verification. There are different  

levels of course to prevent fraudulent  activities. Do note that for extra level  

of security you’ll need some details added  to get higher levels of usage on the app.

On Quidax, you can Buy and Sell Cryptocurrencies  like Bitcoin, Etherium, XRP, Dash, Litecoin,  

and USDT. You can view all your transactions, fund  any of your multiple wallets. Which is also easy  

because you’ve got a QBAN, Quidax Bank Account  Number, to easily transfer money into which  

works like a normal bank. They’ve also got an  order book for those who are more experienced,  

you can see in real-time how trading  is done and make your own orders.

One of the features I like about Quidax is  that when you want to withdraw you get a  

confirmation link to authorize the  withdrawal. For extra security I’m  

not sure many cryptocurrency apps do  this and this is a very useful thing.

I’ve personally done a lot of transactions using  bitcoin, as a graphic designer and freelancer  

as well, I worked for many people in many  countries and the way I mainly received payments  

was through bitcoin, it was just fast and  efficient and while it’s quite volatile right now,  

it’s worth noting and studying since it’s a  futuristic currency thanks to the internet. The  

internet brought people closer, we are now able  to do business with people miles away in seconds,  

and bitcoin even makes this easier,  no need to wait for days anymore.

If you have any more questions  about Quidax or even cryptocurrency,  

they have an exhaustive FAQ page where you  can read up on everything you need to know.  

I’ll link that below and I’ll also link the app  as well, android, iOS and web. I’ll be crediting  

2 people with 10,000 Naira worth of bitcoin in  their Quidax app as well. Make sure you download  

the app with any link below  and yeah. Check it now.

The second app I’ll be looking at is called Barter  by Flutterwave: What does this app do? Simply put,  

with Barter, you get to send and receive  money but the flagship feature is creating  

virtual US debit cards to pay for  online subscriptions that are not  

available locally. They give you a US Address,  complete with a US credit card tied to your name.

in order to use the app there are 2 ways to go  

about it. 1 is to download it  via the App Store or Play store  

and the second is to use their WebApp. I think all  the apps I’ll be mentioning have Web Apps however,  

I would talk more about their mobile apps which  is where a lot of us would be using them more.

I have no idea of the limit but  on their website it says you can  

create unlimited number of virtual cards  but do note that it costs $2 to create  

a virtual card and $4 to create a gift card  and they only work on these selected websites.

With Barter, you also do get a Nigerian  bank account number complete with  

a Nigerian virtual debit card as well. You  can make transfers, buy airtime and yeah,  

also pay bills and even send money requests. In  order to use the dollar card, you’ll need to fund  

it too and that’s after you’ve added money to  your Nigerian wallet. Hence the Nigerian debit  

card. I didn’t like that their Nigerian card can’t  be used for many things, it’s just a very limited  

card as it says which I don’t think you can truly  rely on except doing stuff within the app. I also  

don’t like that their exchange rate can be on the  high side and there was a time it was so high I  

didn’t know that I had to update my app to get  a better exchange rate. If I didn’t know better,  

I’d have lost money because of how “amazing”  Nigeria’s currency is. I don’t know if  

exchange rates now update over the air but  I think that if it doesn’t that’s not good.

I highly recommended for those who want to  carry out micro transactions for stuff like  

subscriptions, Spotify, Apple Music,  and don’t want to be limited because  

you can’t ordinarily access a service due  to said service being blocked in Nigeria.

The third app I’m going to be looking at is  PiggyVest. PiggyVest is one of my favorite apps,  

it’s basically a savings app with really  interesting rates and it’s highly recommended  

for those who are prodigious accumulators of  wealth or better still financially forward.  

Now before I move on, one of the books that  changed my mind about money is called the  

Millionaire Next Door and I’ll be giving away  one copy to someone, so do like this video,  

a thumbs up would be appreciated to support this  video and also if you end up finding it useful  

do share it on social as well. Now back to the  video, If you want to save money, I’ll highly  

recommend this app. In terms of design, the visual  design of the piggy vest app, I’d give PiggyVest  

a 9/10 really really usable and they also  have a web app that has similar functionality.

It was one of the tools I used in my experiment to  lock money for longer periods, I locked it for 12  

months and it accumulated to an interesting  sum, This was with their Safe-lock feature,  

you also get a Flex account which is also again,  basically like a Nigerian bank account, so you  

can easily transfer money into, they also give you  a decent interest rate so you’re not just saving  

but saving with reasonable interest. There  are investment opportunities on the app,  

and also group savings. If you can be patient  and just add any extra income you have into it,  

you never know how much it could  accumulate to, like they say,  

tiny droplets can eventually make  an ocean, or maybe a glass of water.

PiggyVest also does this thing  where in the middle of the year,  

they give you a WAEC score. It’s  basically a report card of how you  

performed with your savings habit. I asked  one of the co-founders of PiggyVest and  

she said the score isn’t based on the amount but  on the habit so yes. 100% an app you should try.

The fourth app I want to talk  about is Bamboo. Disclaimer;  

I’ve worked with Bamboo in the past but again,  this is an independent review. The app is,  

in simple terms; a very easy way to  buy US stocks if you’re in Nigeria,  

earn commissions from the stock market trades  you make and of course make more money.

It’s a pretty straight forward app, once  you’re in, you see stocks, you can buy shares,  

and they also are insured. All of the apps  in this review has some policy on that.

On the app, you also get to see tips and tricks,  

Guides, Glossary, the Basics of the  Stock Market so you can get educated,  

you can put stocks on your watch list, see how  your stocks are performing, see the featured  

stocks and of course, news directly related to  shares of the companies you’re interested in.

Another more robust app to consider  if you want to invest in stocks  

is Trove, I like how clean the. Interface  is, especially how categorized each item is,  

when it comes to the trending stocks, the  categories of stocks and assets to invest in,  

top gainers and market news, everything is easy to  reach. You can also even invest in Nigeria stocks.

Do download the apps with the link  below, if you haven’t already. One  

of the interesting ways you can gain some  little cash here and there with investing.

The last app I also want to talk about  is Rubies Digital Bank, it’s a 100%  

online bank. This operates more like an actual  bank except you don’t have to go to a physical  

office to do your banking, it’s all done on the  app. You can send and receive money on the app,  

buy airtime, data, pay bills, you can create  a savings plan, invest, you can also become an  

independent banker where you make money based on  people you refer, and you can request for a debit  

card all within the app. There’s a also a section  for corporates as well. One thing to note is that  

no matter the transactions, you actually pay  10 naira for transfers which is like the lowest  

I’ve seen on any bank. Do check all these  apps out, I’ll leave links in the description.

To round up and in summary; First one is Quidax,  a leading crypto currency app, Barter which I use  

for Dollar transactions, third is PiggyVest which  I’ll say is a high interest savings account, 4th  

is Bamboo for Investing in US stocks from Nigeria,  and lastly Rubies which is a purely online bank.

Which of these apps do you use or have  you just heard for the first time,  

let me know in the comments section below. Also  if there’s anything I missed, please let me know  

in the comments below. Thank you for watching  and I’ll talk to you in the very next video.