Regulated by Capital Markets Authority (CMA) and the Office of the Data Protection Commissioner Kenya (ODPC)

Ndovu: The Story Behind The Name... ? – Ndovu

Regulated by Capital Markets Authority (CMA) and the Office of the Data Protection Commissioner Kenya (ODPC)

Ndovu: The Story Behind The Name… ?

The Ndovu Team: Ro, Radhika and GP.

Ndovu, the elephant, is synonymous with strength, empathy, and wisdom.

Whenever an elephant is mentioned in casual (or even, serious) conversation, one is guaranteed to either hear about their majesty or incredible levels of emotional intelligence.

In the animal kingdom, they live together in herds and they closely collaborate for the benefit of not only the individual but also of the wider group.

So what inspired this mission?

The founders of Ndovu were keen to create a community that promotes financial literacy and that provides a clear path to financial wellness. This grouping of folks, for all intents and purposes, is a herd

…. who are these founders then?

Radhika, our Chief Executive Officer, returned home to Kenya in 2020 and was eager to put her savings to work. She had spent 11+ years working in London advising global companies on how to invest to make a profit and create wealth. She honed her skills at Blackrock (the world’s largest asset manager with, at last count, over $9.5 trillion under management). She was curious to see what options were available in the local market.

She learned that there is currently $85bn (Yes, with a B!) sitting in savings accounts across Africa. While this is an impressive figure (the result of multiple initiatives to bank-the-unbanked), it presents a massive problem.

African countries have high rates of inflation which means that the saver is losing the value of their money every single day. Saving alone is not enough. To beat the hidden tax of inflation, this cash has to be invested.

Something had to be done.

When we realized there was $85 billion being eroded by inflation in Africa-based bank accounts.

It was at this time that she met Rogito “Ro”, our Chief Commercial Officer. Ro is a financial services veteran with 17+ years of experience in capital markets. He was a senior executive at the Nairobi Securities Exchange where he conceived M-Akiba, the ground-breaking, mobile-based Government bond that allowed Kenyans, for the first time, to invest micro-amounts in infrastructure bonds.

The duo immediately knew that technology was key to their ambition to avail financial education and investment opportunities to everyone in Africa.

…. and then they were three

Gianpaolo De Biase “GP”, our Chief Technology Officer, was drawn to the mission and eagerly joined as a co-founder. He brings 20+ years of successful experience in building and scaling technology and is the brains behind the product.

On that day, a dream team was assembled!

The Ndovu Team: Ro, Radhika and GP.
The three amigos!

Validating the need for Ndovu

“A good idea is about ten percent and implementation and hard work, and luck is 90 percent.”

Guy Kawasaki

Radhika and Ro spent significant time speaking to people to understand what was needed from an investment partner.

We learned three key reasons as to why folks don’t actively invest:

  1. They don’t know where to start and they lack both financial education and advice.
  2. For those who previously tried investing, they found that the process was complicated, with tedious paperwork (in triplicate) and the need to physically go to the brick and mortar facilities to open an account.
  3. They lacked the avenue to invest in their favourite global companies, assets and preferred sectors.

On the back of these empirical findings, Ndovu was formed.

Welcome the elephant into the room!

How are we changing the conversation on financial wellness in African homes?

Ndovu is a micro-investment platform that provides easy access to financial markets. Most of us want to invest. We just don’t know how to get started and it all seems so complicated!

At Ndovu, we help you get started by providing digital advice and recommending an investment that meets your unique investing style. If you’re completely new to investing, simply tell us what you’re saving for (goal), how much you would need to achieve that goal and we’ll break down how much you would need to invest on a monthly basis.

Our team of experts will then invest on your behalf to give you the returns that match your investing style.

We give you access to both local and global funds, all from the comfort of your home (Hello Tesla ? ?How are you doing Formula One ?? ). By using a smart combination of cutting-edge technology and expert financial advisors, we provide you with the right tools to help you build wealth.

We are focused on responsible investing.

Interested in learning more about Ndovu? Join the Ndovu Tuskforce and be the first to get all the latest news, updates and financial hacks.

Ndovu is an online platform owned and run by Waanzilishi Capital Limited, an investment adviser licensed by the Capital Markets Authority (Kenya).

Leave a Reply

Your email address will not be published. Required fields are marked *

Share the Post:

Related Posts

We're excited to introduce our latest innovation – the ndovu Pocket. Your feedback inspired this revolutionary feature and is here to make...

Life in Kenya is becoming increasingly expensive. The cost of living has been rising steadily over the past few years, and it...

Currency depreciation is a fall in the value of the money system in general use in a particular country relative to that...

ndovu is a regulated roboadvisory platform owned and run by Ndovu Wealth Limited (“Ndovu”). Ndovu is licensed by the Capital Markets Authority (Kenya) as a Fund Manager and is also regulated by the Institute of Certified Investment & Financial Analysts (ICIFA), the Communications Authority, and the Nairobi Securities Exchange. Ndovu is a registered trademark.” “Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested.”

Last Updated: April 15th 2021 These terms of use (“Terms and Conditions”) mandate the terms on which the users (“You” or “Your” or “User”) access and register on the website and/or mobile application ‘Ndovu’ operated and managed by Ndovu Inc., its affiliates and its group entities, together referred to as “Company” or “We” or “Us”, collectively referred to as, “the Platform”. Ndovu is a registered trademark of Ndovu wealth Limited. Advisory services provided by Ndovu wealth Ltd, a CMA-registered investment adviser. US-traded securities are provided to Ndovu users by Interactive Brokers LLC, a regulated member of FINRA/SIPC. Interactive Brokers is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at Investments in securities: • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Ndovu wealth Ltd charges and expenses. Ndovu wealth Ltd’s internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Ndovu wealth Ltd is not registered. For further details see our Legal Disclosures. By using this website, you accept our (Terms of Use) and (Privacy Policy) and (Data Protection Policy).