Definitely, I think with this investment clubs, they can have access to basic financial services and get the necessary education they need when engaging with financial technology. After living abroad for a long time i realized that sending money back home to my grandparents was a very painstaking and costly process because existing solutions are slow and have steep fees. Consequently they are unable to invest or meet all their expenses.
Since majority of people in this demographic rely on pension money or remittances from relatives outside their own country we founded Nip capital, a company that offers cheap and instant money transfers in emerging markets like Africa so that the working and retired demographic can send or receive money cheaply and instantly from friends and family anywhere within the Continent.
How we do this is by plugging into mobile money services and financial institutions.