Bamboo Investment has announced a partnership with Pocket, formerly known as Abeg, to provide more funding channels for investors on the platform.
Bamboo provides users with an opportunity to invest in foreign and local stocks. The company runs a mobile app with a gateway to trading in more than 3,000 stocks in the United States. Bamboo reportedly has 300,000 users in Nigeria which may have necessitated the expansion of the funding channels.
Pocket is a social commerce and payments app that helps individual users and business owners buy, sell, pay, and get paid.
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“We are in the business of helping people create, build and preserve wealth so it makes sense to team up to create new ways for you to make more seamless deposits into Bamboo,” the company noted in a statement.
Existing users need to search for Bamboo on Pocket. The next step is to tap on ‘Transfer’, then input the amount they want to deposit, select the Pocket wallet as a source of funds, and finally tap on ‘Proceed’ to complete the transaction.
Chibuike Joshua, co-founder and chief marketing officer of Piggyvest the parent company of Pocket, told BusinessDay that there will be more integrations similar to Bamboo.
“For Pocket, it’s more stuff you can do with the money in your Pocket,” he said.
