Ndovu, the Kenyan wealth tech startup is revolutionizing the investment landscape by making financial markets more accessible to a broader segment of the population.
Founded in 2020 by Radhika Bhachu, Ro Nyangeri and Gianpaolo De Biase, and available on iOS and Android, Ndovu allows users to invest as little as KES5,000 (US$50) in local and global listed companies. The company says it aims to democratize wealth creation through user-friendly digital platforms and affordable investment opportunities.
Ndovu was founded upon the realization that current investment options in Kenya lock out the vast majority due to complexities in market access and high management fees.
At the time of launch, the startup has already secured pre-seed funding from 4DX Ventures, Plug and Play Tech Center, Future Africa, and Oui Capital.
“Our idea was born out of our passion to improve financial lives across Africa. Our vision is to provide every African, regardless of income level or financial knowledge, with the right tools to grow their wealth. We believe educating our people on how to make their money work for them will bring us one step closer to reducing poverty on the continent,” Radhika said.
In October 2024, Ndovu launched its Money Market Fund (MMF), known as the Ndovu Fund, after receiving approval from the Capital Markets Authority (CMA) of Kenya. This fund allows individuals to start investing with as little as KSh 1000, significantly lowering the barrier to entry for first-time investors. Its design targets to provide investors with a flexible, stable and relatively low-risk investment option that offers competitive returns, making it an ideal option for both first-time and seasoned investors.
