• Fri. Feb 3rd, 2023

INVESTMENT: Six Distinguishing Features of SFS Fund Mobile App

ByPeter Oluka

Aug 12, 2022
Read Time:4 Minute, 16 Second

SFS Financial Services Group consisting of two companies, called SFS Financial Services Limited (“SFS Financial“) and SFS Capital Nigeria Limited (“SFS Capital”) has shown interest to tap into Nigeria’s growing internet subscriptions to further balloon its customer base.

SFS Fund logo

On Thursday, the firm launched the SFS Fund Mobile App available for free download on Android and iOS.

Patrick Ilodianya, Managing Director and CEO of SFS Capital
Patrick Ilodianya, Managing Director and CEO of SFS Capital

With more than 60% of Nigeria’s population as young people who are mostly on their mobile phone, SFS Fund Mobile App will even democratize investment for the young people.

SFS Financial is licensed by the Securities & Exchange Commission (“SEC”) as an Issuing House, while SFS Capital is licensed as a Fund/Portfolio Manager.

The SFS Group is a product of a Management Buy-out of Skye Financial Services Limited, which operated as the investment banking and investment management subsidiary of Skye Bank Plc.

The change began as a result of the mandate by the Central Bank of Nigeria’s instructing all Nigerian banks to sell off their non-banking subsidiaries. Skye Bank Plc offered its 100% stake in Skye Financial Services Limited to interested investors.

After a thorough and transparent process, the divestment eventually cumulated in the sale of Skye Financial Services Limited to an entity formed by its existing management.

Today, SFS Capital is a leading Nigerian non-bank financial institution.

The launch of the SFS Fund Mobile app is in commemoration of the National Financial Awareness Day which comes up on the 14th of August as a day dedicated to assisting individuals develop financial principles and practices that can build a solid financial future.

The SFS Fund Mobile app offers a straightforward and responsive design, easy navigation and features to deliver secure and seamless transactions for existing and new users.

“SFS Capital is consistently moving the boundaries of what is possible in investment. SFS Fund Mobile App is a product of decade of learning to use financial technology to enhance investment factors and promote ease of investment”, Patrick Ilodianya, Managing Director and CEO of SFS Capital, said.

Since the inception of the SFS Fixed Income Fund (SFS Fund) in 2014, SFS Capital has consistently paid out dividends to investors on a quarterly basis and 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.

“The SFS Fund Mobile App is designed for individuals seeking a trustworthy, secure and easy platform for high yield investments. Interested Mutual Fund investors can download the app and easily begin their investment journey from anywhere”, Executive Director SFS Capital, Dimeji Sonowo said. 

Apart from selling trust and experience, here are six key reasons to download the SFS Fund Mobile App include:

1. Investment and Liquidity: 

With 5,000 Naira, you can start your investment journey on SFS Fund and start earning interest immediately. Withdrawals also take between 24 to 48 hours

2. Interest rate:

Since inception, SFS Fund has consistently outperformed its peers and its benchmark. For transparency, the interest rates are updated daily and visible on your dashboard each time you open the App.

3. Security: 

SFS Fund under SFS Capital is regulated by the Securities and Exchange Commission (SEC). All investments are also held by an independent and highly regulated custodian. All investment decisions are reviewed by an independent trustee.

4. Ease: 

The SFS Fund Mobile App is easy to navigate. 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.

5. Automated investments: 

You can automate your investment on SFS Fund by creating a standing order. This can be daily, weekly, or monthly. You choose the interval, and we honor 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.

6.  Referrals: 

Users who refer others with a unique referral code get NGN 1,000 once the referred party signs up and makes an investment.

SFS Fun Mobile App, SFS Fund Mobile app
L-r: Dimeji Sonowo, Executive Director, SFS Capital; Oma Ehiri, Communications Manager, SFS Group; Yemi Gbenro, Managing Director, SFS Financial Services; Patrick Ilodianya, CEO, SFS Capital and Kayode Abereowo, Product Manager, SFS Group at the press conference unveiling the SFS Fund Mobile App in Lagos, Nigeria.

SFS Capital Nigeria Limited (“SFS Capital”) is a leading Nigerian non-bank financial institution established in May 2011. SFS Capital is the asset management division of the SFS Group.

The company is duly registered as a Portfolio/ Fund Manager and Investment Adviser with the Securities and Exchange Commission (“SEC”).


Peter Oluka

Peter Oluka is the Editor, TechEconomy. Email: Peter.Oluka@TechEconomy.NG

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