SFS Capital, a leading investment management firm in Nigeria, on Thursday launched the SFS mobile application to democratize financial investment particularly in the retail space to address gaps in investment funding.
Mr Patrick Ilodianya, Managing Director, SFS Capital Nigeria Limited, at the SFS capital fund launch in Lagos, said the SFS App would enable individuals start their mutual fund investment journey with ease.
He said the launch of the SFS Fund mobile app was to commemorate the National Financial Awareness Day which comes up on August 14.
It is a day dedicated to assisting individuals develop financial principles and practices that can build a solid financial future.
Ilodianya said that the product leveraged technology to make better financial decisions and investments.
He said since the inception of the SFS Fixed Income Fund (SFS Fund) in 2014, SFS Capital had consistently paid out dividends to investors on a quarterly basis.
He added that the fund maintains “AA+” rating which is the 2nd highest possible rating for a mutual fund and has competitive return on investment with no pre-termination charge.
He stated that the SFS Fund Mobile App was a product of decade of learning to use financial technology to enhance investment factors and promote ease of investment.
“The SFS Fund Mobile App is designed for individuals seeking a trustworthy, secure and easy platform for high yield investments.
“The SFS Fund mobile app is available for free download on Android and iOS and it has an easy-to-use dashboard that encourages transactions on the go.
“For transparency, the interest rates were updated daily and visible on the dashboard each time you open the App.
“Interested mutual fund investors can download the app and easily begin their investment journey from anywhere,” he said.
Mr Dimeji Sonowo, Co-founder, SFS Capital, said the product offered a straightforward and responsive design, easy navigation and features to deliver secure and seamless transactions for its users.
He said the fund which was a Naira fund, was in line with the Central Bank of Nigeria (CBN) instructions on dollars transactions but was open to the futuristic transactions in dollars upon approval by the CBN.
“SFS Capital is consistently moving the boundaries of what is possible in investment.
“We believe everyone should attain financial freedom and that’s why we have made investing simple with our minimum investment value of N5,000 and easy withdrawals with no pre-termination charge.
“It’s not about the profit, but about the journey; this is why investors are not penalised for withdrawal before the initial agreed date of withdrawal on investments.
“SFS fund is active in the real estate, several states and other financially appreciable form of businesses so investments are secure and guaranteed leading people to living a financially secured future,” he said.
Mr Kayode Abereowo, Project Manager, SFS Capital, said the App was designed for individuals, groups, corporates and institutions that sought the security of their funds and investments.
He listed some of the App’s features to includes investments and liquidity, good interest rates, security, ease and a dedicated virtual account.
He revealed that the product, regulated by the Securities and Exchange Commission (SEC) ensured that investments were held by an independent and highly regulated custodian with all investment decisions reviewed by an independent trustee.
“We have also made available several investing channels within the App.
“Asides from the debit card (Visa or Mastercard), USSD or Bank Transfer features, you can now generate a Dedicated Virtual Account that allows you to have a bank account attached to your investment account.
“With this, you can easily make a bank transfer to the Dedicated Virtual Account and the value immediately reflects on your SFS Fund account.
“You can also share this Dedicated Virtual Account Number with a third party to accept payments,” he said.
Abereowo added that the product provided automated investments which would begin by creating a standing order.
“This can be daily, weekly, or monthly and you choose the interval, and we honour your request using technology.
“We do not make deductions that are not authorized by you, and you receive a notification each time a deduction is made.
“Users who refer others with a unique referral code get NGN 1,000 once the referred party signs up and makes an investment.,” he said.
