Sterling Bank launches ethical investment platform

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Sterling Bank launches first ethical investment platform, AltinvestSterling Alternative Finance has launched an ethical investment platform called Altinvest.

During the launch in Lagos, Sterling Alternative Finance, which is the non-interest arm of Sterling Bank, disclosed that AltInvest was aimed at changing the investment world, with key focus on real sectors in the economy by helping its partners create impact in the economy even as they built wealth without compromising their ethics.

The numerous investment options listed on the App are cantered on diverse and real sectors such as agriculture, real estate, among others, all of which are focused on wealth creation, capital appreciation for investors, and supporting economic activities directed toward inclusion, growth, and development.

The investment app also boasts of the digitisation and automation of investment advisory services, real-time portfolio monitoring, and seamless investment placement in a variety of asset classes.

The Managing Director, Sterling Bank Plc, Abubakar Sulieman, said “We are extremely excited about our latest product offering, Altinvest.  For us as a brand, we are committed to constantly creating value for our partners and stakeholders and I am optimistic that our new offering, Altinvest, will aid in our drive to expand financial inclusion by ensuring that more people have access to finance and investment solutions.”

Speaking on the uniqueness of the App, the Director of Digital Products and Innovations, Sterling Alternative Finance, Mohammed Yunusa, said users on the digital investment platform invested in the financial market through the real sector and were assured personal wealth growth.

He said, “We do investments differently on AltInvest. We ensure we bring your investment’s vision to life by providing the backstory of what our users, whom we consider partners, are investing in, as well as providing a certificate of ownership on that particular investment opportunity, which secures investment.”

Speaking about the Altinvest App, Chief Information Officer, Sterling Alternative Finance, Olatunji Olabisi, described the app as being equipped with the best technology and assured of its efficiency and top-notch security.

Speaking on how the bank mitigates against risks for retail investors, the Group Head, Corporate and Investments Banking Solutions, Sterling Alternative Finance, Lukman Adekola, explained that due diligence had been carried out to hedge against volatility.


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