Afrinvest

What Afrinvest does

Afrinvest (West Africa) Limited is a Nigerian privately-held capital markets holding company founded in 1995 (originally as SecTrust, restructured under its current name in 2005) and headquartered in Ikoyi, Lagos. The group operates six wholly-owned subsidiaries — Afrinvest Asset Management, Afrinvest Securities, Afrinvest Capital, Afrinvest Trustees, Afrinvest Consulting, and the fintech arm Andromeda Technologies — delivering investment banking advisory, securities brokerage, asset management, trust and estate planning, research and consulting, and digital investment services across six Nigerian office locations (Lagos, Abuja, Kano, Onitsha, Port Harcourt, Enugu) with 150+ professionals.

The company's product set spans five mutual funds (Afrinvest Equity Fund, Afrinvest Dollar Fund, Afrinvest Plutus Fund, Nigeria International Debt Fund, Afrinvest Halal Fund), fixed income instruments (FGN Bonds, FGN Savings Bonds, Treasury Bills, Commercial Papers), equities trading across Nigerian, Ghanaian, Kenyan, and US markets, managed solutions (Afritrack for unclaimed investments, Afrinvest Income Portfolio), and a full trust services stack (Wills, Living Trust, Educational Trust, Blind Trust, Foundations, Executorship). Digital distribution runs through two mobile apps — PlutusNeo and Afrinvestor 2.0 — built by the Andromeda Technologies fintech subsidiary powering the Optimus by Afrinvest platform.

Afrinvest earns revenue through asset management fees on multiple AUM pools (Plutus NAV N5.6bn, Equity Fund NAV N4.5bn, AIP N35bn+), brokerage commissions on equities and fixed income trading, investment banking advisory fees (M&A, restructuring, capital markets), trust service fees (trustees have executed N5.4tn+ transactions over 15 years), and fintech transaction revenue (N20bn+ invested, N10bn+ AUM, N8bn+ paid out via Optimus). Pricing tiers start at N5,000 for retail mutual fund entry, $1,000 for dollar funds, and NGN10,000/month for private trust subscriptions. The company serves mass affluent individuals, HNWIs, institutional investors, corporate clients, and government entities, with notable mandates including membership in the Triple A Infra consortium managing part of a N15 trillion Nigerian infrastructure fund alongside CBN, AFC, and NSIA.

Name

Afrinvest

Legal name

Afrinvest (West Africa) Limited

Website

https://afrinvest.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Afrinvest (West Africa) Limited is a Nigerian capital markets holding company founded in 1995, operating six subsidiaries spanning investment banking, securities trading, asset management, trust services, consulting, and fintech, serving retail, HNWI, institutional, and government clients across Nigeria and selected African markets via six offices and mobile platforms.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Portfolio Management and Investment Advice (523940), Securities and Commodity Contracts Intermediation and Brokerage (5231), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Services-Management Consulting Services (8742)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Execution-Only / Self-Directed Investing Platforms (FSAAAAAI), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Investment banking services
• Asset management services
• Securities trading brokerage
• Trust and estate services
• Mutual fund management

Headquarters

HQ city

Ikoyi

HQ country

Nigeria

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Management Fees: Fees from managing mutual funds (Afrinvest Equity Fund, Afrinvest Dollar Fund, Afrinvest Plutus Fund, Nigeria International Debt Fund, Afrinvest Halal Fund), managed portfolios, and private client portfolios. Revenue generated through management fees and performance fees.
2. Investment Banking Advisory: Financial advisory services including M&A, corporate restructuring, divestitures, valuations, capital markets advisory, and project finance structuring. Revenue from advisory fees and transaction-based compensation.
3. Securities Trading & Brokerage: Brokerage commissions from executing equity trades, fixed income trading, money market and currencies trading for retail and institutional clients through Afrinvest Securities Limited.
4. Trust Services: Fiduciary services including private trust, corporate trust, public trust, executorship, wills, foundations and endowments. Revenue from setup fees, annual management fees, and transaction fees.
5. Commercial Paper Issuance: Afrinvest (West Africa) Limited issued N25 billion Commercial Paper Programme, successfully redeemed Series 1 (N4.23 billion) and Series 2 (N7.96 billion) totaling N12.19 billion.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Afrinvest (West Africa) Limited is a privately-held Nigerian capital markets holding company that delivers investment banking advisory, securities trading and brokerage, asset management (mutual funds and managed portfolios), trust and estate planning services, and research/consulting services to retail, mass-affluent, high-net-worth, and institutional clients. Through six wholly-owned subsidiaries and digital platforms (PlutusNeo and Afrinvestor 2.0), the firm provides diversified Naira and Dollar investment products spanning equities, fixed income, money markets, and Shariah-compliant funds.

Product overview

Afrinvest (West Africa) Limited is a diversified capital market holding company operating through six principal areas: investment banking, securities trading, asset management, trust services, consultancy, and financial technology. The company offers a comprehensive suite of financial products and services including mutual funds (Afrinvest Equity Fund, Afrinvest Dollar Fund, Afrinvest Plutus Fund, Nigeria International Debt Fund, and Afrinvest Halal Fund), fixed income products (FGN Bonds, FGN Savings Bonds, Treasury Bills, Commercial Papers), equities trading across Nigerian, Ghana, Kenya and US markets, managed solutions (Afritrack and Afrinvest Income Portfolio), and private trust services. The fintech subsidiary Andromeda Technologies powers the Optimus by Afrinvest digital platform through mobile apps (PlutusNeo and Afrinvestor 2.0) enabling digital access to investment products. Operating subsidiaries include Afrinvest Asset Management, Afrinvest Securities, Afrinvest Trustees, Afrinvest Consulting, and Afrinvest Capital.

Differentiator

Problem solved

Functional benefit

Brands

• Optimus by Afrinvest: Digital investment platform for buying and selling mutual funds, stocks, treasury bills, and commercial papers
• PlutusNeo by Afrinvest
• Afrinvestor 2.0
• Afrinvest Income Portfolio (AIP)
• Afritrack

Products and services

• Afrinvest Mutual Funds Collective investment schemes offering diversified exposure to equities, fixed income, and money market instruments managed by professional fund managers for retail and institutional investors in Nigeria. Includes the Afrinvest Equity Fund, Afrinvest Dollar Fund, Afrinvest Plutus Fund, Nigeria International Debt Fund, and Afrinvest Halal Fund.
• Fixed Income Securities Government and corporate debt instruments including FGN Bonds, FGN Savings Bonds (minimum N5,000), Treasury Bills, and Commercial Papers providing fixed income returns to individual and institutional investors.
• Equities Trading Brokerage services enabling retail and institutional investors to trade equities on the Nigerian Exchange Limited, Ghana Stock Exchange, Nairobi Securities Exchange, US markets, and NASD OTC.
• Afritrack Managed solution that helps investors identify and recover unclaimed investments, dividend payments, and other financial assets.
• Afrinvest Income Portfolio (AIP) Short-term managed investment account offering guaranteed returns through fixed income and money market instruments in both Naira and Dollar denominations.
• Trust Services Comprehensive trust and estate planning services provided by Afrinvest Trustees Limited, including Living Trust, Educational Trust, Wills, Blind Trust, Foundations & Endowments, Executorship, and Letter of Administration. Private Trust plans start at NGN10,000/month or $100/month.
• Investment Banking Advisory Financial advisory services including M&A, corporate restructuring, divestitures, valuations, capital markets advisory, and project finance structuring for corporate and institutional clients in Nigeria.
• PlutusNeo Mobile App Mobile application enabling users to buy and sell mutual funds, access US stocks, and manage dollar-denominated investments with automated savings solutions. Powered by Andromeda Technologies.
• Afrinvestor 2.0 Mobile App Mobile platform for trading Nigerian stocks listed on NGX, Treasury Bills, and Commercial Papers with real-time market data and execution.
• Research and Consulting Services Market research, business consulting, and professional training services delivered by Afrinvest Consulting Limited, including the annual Nigerian Banking Sector Report and proprietary data spanning over 30 sectors.

Quantifiable outcome

• YTD return of 42.08% for Afrinvest Equity Fund
• +5 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor, core and flagship.

• Product Leadership Accelerator (PLA)minorStrategic or Co-development Partner · 1 January 2026Afrinvest cited as key example of organisations undergoing transformation from project-based delivery to product-led growth, participating in enterprise advisory services program with mentorship from Interswitch, Netflix, Amazon, Microsoft, Paystack, and mPesa practitioners.
• SecondSTAXcoreTechnology or Integration · 6 October 2023Strategic partnership enabling Nigerian investors to access Nairobi Securities Exchange (NSE) and Ghana Stock Exchange (GSE) through SecondSTAX's innovative technology platform. Minimum qualified institutional investor trade: N10,000,000. Partnership supports NGX strategy of deepening Nigeria's capital markets and enables cross-border capital flows.
• Nigerian Exchange Group (NGX)coreStrategic or Co-development Partner · 6 October 2023Collaboration with NGX to provide Nigerian investors access to cross-border African markets. NGX's African Exchanges Linkage Project and partnership with Afreximbank's PAPSS facilitates seamless cross-border transactions. Afrinvest Securities is authorized dealing member of NGX.
• Rangers International Football ClubflagshipGTM or Marketing Partner · 1 October 2023Three-year partnership to strengthen club administration, improve player welfare, support medical infrastructure and reposition Rangers as a modern professional football institution. Within months, Rangers won the 2023/2024 Nigeria Premier Football League title. Afrinvest is the Jersey Sponsor.
• InfraCorp (Infrastructure Corporation of Nigeria)flagshipStrategic or Co-development Partner · 8 April 2022Afrinvest (as member of Triple A Infra with Africa Plus Partners and ARC Asset Management USA) signed term sheet to manage part of N15 trillion infrastructure fund dedicated solely to Nigerian infrastructure. Promoters include CBN, Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA).
• Triple A Infrastructure Nigeria Limited (Triple A Infra)flagshipStrategic or Co-development Partner · 8 April 2022Consortium including Afrinvest, Africa Plus Partners, and ARC Asset Management (USA) mandated as asset manager by InfraCorp to manage N15 trillion infrastructure fund targeting transport, power, telecom, industrial/agricultural infrastructure, and social infrastructure.
• Central Bank of Nigeria (CBN)coreStrategic or Co-development Partner · 8 April 2022Co-promoter of InfraCorp alongside AFC and NSIA. CBN Governor serves as Chairman of InfraCorp. First phase financing: N14 trillion debt plus N1 trillion equity contribution.
• Africa Finance Corporation (AFC)coreStrategic or Co-development Partner · 8 April 2022Co-promoter of InfraCorp infrastructure vehicle with mandate to harness opportunities for infrastructure development in Nigeria through end-to-end bankable projects.
• Nigeria Sovereign Investment Authority (NSIA)coreStrategic or Co-development Partner · 8 April 2022Co-promoter of InfraCorp infrastructure vehicle. NSIA contributes equity financing to the N15 trillion infrastructure fund.
• Andromeda TechnologiescoreOthersWholly-owned fintech subsidiary powering Optimus by Afrinvest. Responsible for N20bn+ invested by users, N10bn+ AUM, N8bn+ paid out. Provides digital investment infrastructure across mobile apps.

Scale indicators16 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• ARM (Asset & Resource Management): One of Nigeria's largest independent asset and wealth managers, offering mutual funds, portfolio management, and pension/institutional asset management. Directly competes with Afrinvest Asset Management across retail and institutional mutual fund categories on the Nigerian capital markets.
• Stanbic IBTC Asset Management: Stanbic IBTC's asset management arm manages Nigerian mutual funds, institutional portfolios, and pension funds, and benefits from Standard Bank Group backing. Competes with Afrinvest in retail mutual funds (money market, equity, dollar) and institutional mandates via NGX.
• FBNQuest Asset Management: FBNQuest is the investment banking and asset management arm of FBN Holdings, offering mutual funds, wealth advisory, and securities trading. Directly competes with Afrinvest in fund management, brokerage, and investment banking advisory.
• Cordros Capital: Nigerian full-service capital markets firm offering securities trading, asset management, investment banking, and research — virtually identical vertical structure to Afrinvest. Competes directly for brokerage flows, mutual fund AUM, and advisory mandates on NGX.
• Vetiva Capital Management: Nigerian investment bank and asset manager offering brokerage, mutual funds (Vetiva Fund Managers), and corporate finance advisory. Directly comparable to Afrinvest Securities, Afrinvest Capital, and Afrinvest Asset Management in product scope and target clients.
• Cardinalstone Securities (formerly Sigma Securities): Cardinalstone is a Nigerian investment management group spanning asset management, securities trading, investment banking, and trusteeships — a near-clone of Afrinvest's vertically integrated structure with comparable scale and client segments.
• Chapel Hill Denham: Leading Nigerian investment bank with deep asset management and advisory franchises. Competes with Afrinvest Capital on M&A, capital raising, and with Afrinvest Asset Management on institutional mandates and mutual funds.

Broad incumbents

• Renaissance Capital Africa: Pan-African/Emerging Markets investment bank with origination, sales, trading, and research across Sub-Saharan Africa. Competes with Afrinvest Capital on cross-border M&A and equity capital markets, but at materially larger scale and broader geographic scope.
• Old Mutual Investment Group Africa: Pan-African wealth and asset manager with presence across multiple African countries including Nigeria. Competes with Afrinvest in retail mutual funds and institutional mandates, but with deeper regional diversification and significantly larger AUM.

Emerging players

• Risevest: Nigerian fintech investment platform offering dollar-denominated fixed income and US stocks to retail and diaspora investors via mobile. Competes with PlutusNeo/Optimus for next-generation retail investors, though lacking Afrinvest's full-stack asset management and trust services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/afrinvest-west-africa
• Xx.com/afrinvest
• Facebookfacebook.com/afrinvest

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Afrinvest