About Trove Technologies
Trove Technologies is a Technology company based in Lagos (Nigeria) founded in 2018 by Opeyemi Olanipekun. Platform to invest in public traded equity, bonds crtypto assets. Trove Technologies has raised $120 thousand across 4 funding rounds from investors including Techstars, Lagos Angel Network and SSE Angel Network. Trove Technologies offers products and services including Trove App and Earn by Trove. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Stocks. Its legal entity is Trove Investment Advisers, LLC. Its competitors include Stanbic IBTC Stockbrokers, Wealth.ng and Adashe.
Company details
Trove Technologies was founded in 2018 in Lagos, Nigeria, within the fintech sector. Publicly traded equities, bonds, mutual funds, and crypto assets are accessible for investment through the platform. Debit cards from Nigerian banks and select international issuers are accepted, with a minimum investment of 500 required. Operations are supported exclusively on Android devices.
- Headquarters Lagos, Nigeria
- Founders Opeyemi Olanipekun
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website troveapp.co
- Social X Facebook Instagram
- Legal Name Trove Investment Advisers, Llc
- Total Equity Funding$120K (USD)
in 4 rounds
- Latest Funding Round$120K (USD), Seed
Apr 2024
- InvestorsTechstars
& 4 more
Products & Services of Trove Technologies
Trove Technologies offers a comprehensive portfolio of products and services, including Trove App and Earn by Trove.
App for trading stocks, ETFs, and social investing features.
High-yield savings accounts for NGN and USD currencies.
Apps and channels of Trove Technologies
Trove Technologies publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Trove Technologies
Trove Technologies has successfully raised a total of $120K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $120 thousand completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $120,000
- Total Rounds 4
- Last Round Seed — $120,000
- Investors Count 5
All 4 funding rounds of Trove Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $120,000 | Seed | – | – | |
| Jun 2020 | Seed | – | Lagos Angel Network, SSE Angel Network | – | |
| Dec 2019 | Seed | – | Asset & Resource Management Company | – | |
| May 2019 | Seed | – | Ventures Platform | – |
5 investors in total: 5 institutional.
Investors in Trove Technologies
Trove Technologies has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, Lagos Angel Network and SSE Angel Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
A network of angel investors supporting African startups is operated. | lagosangelnetwork.net | Lagos, Nigeria | ||
| sseangels.org | ||||
Venture capital investments in African companies addressing innovation and infrastructure needs. | venturesplatform.com | |||
Investment and real estate solutions are provided across Africa. | arm.com.ng | Lagos, Nigeria |
Investor details for Trove Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Trove Technologies
1 people are tracked at Trove Technologies (1 in leadership).
| Name | Role | Group |
|---|---|---|
Opeyemi Olanipekun | Co-Founder & CTO | Leadership |
Complete people profiles for Trove Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Trove Technologies
3 dated milestones of Trove Technologies across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Trove Technologies is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $120K.
Competitors of Trove Technologies
Trove Technologies has 3 listed competitors in our database. They include Stanbic IBTC Stockbrokers, Wealth.ng and Adashe.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stanbicibtcstockbrokers.com | 2008 | Lagos, Nigeria | Offers a broker-based online trading platform for stock market investors. | |||
| wealth.ng | 2014 | Lagos, Nigeria | Investment platform for fixed income assets | |||
| adashe.com | 2003 | Abuja, Nigeria | App for financial savings, currency swapping, and virtual card payments. |
Detailed competitors of Trove Technologies
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Trove Technologies
Complete news archive for Trove Technologies
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Trove Technologies
Trove Technologies was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Trove Technologies is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Trove Technologies is a funded company, having raised a total of $120K across 4 funding rounds to date.
Trove Technologies was founded in 2018 in Lagos, Nigeria, within the fintech sector. Publicly traded equities, bonds, mutual funds, and crypto assets are accessible for investment through the platform. Debit cards from Nigerian banks and select international issuers are accepted, with a minimum investment of 500 required. Operations are supported exclusively on Android devices.
Trove Technologies's top competitors include Wealth.ng, Stanbic IBTC Stockbrokers and Adashe.
Trove Technologies offers Trove App and Earn by Trove.
Trove Technologies has 5 investors. Key investors include Techstars, Lagos Angel Network, SSE Angel Network, ARM, and Ventures Platform.
Trove Technologies operates through Trove Investment Advisers, Llc.
Yes. Trove Technologies publishes Trove - Investing, simplified and 1 more app, with over 100,000 downloads.