There are endless opportunities to create a steady stream of reliable income. Investing is one of the best ways to boost your income while growing your portfolio into one that will serve you well for years to come.
What’s most important is making wise investments, but this isn’t always a clear cut, obvious decision. Finding the most promising up and coming companies is easier said than done. But if you’re looking for some sound investing advice, we’ve got you covered.
We’ve talked with Justin Caldbeck, former Duke University basketball player, who has become a top tech investor. Caldbeck began Binary Capital in 2014, and since then has become a well-known philanthropist that invests in local and global causes that serve the greater good.
Keep reading to learn about three of the companies Caldbeck has invested in, all of which are located throughout Africa.
Bwala
Bwala Africa Group was founded in 2018 in Kenya. The company provides on-demand delivery and supply chain services to meet logistics needs in Africa and Asia. Bwala serves to connect fleet operations with vendors and manufacturers to provide for those last-mile logistics needs.
Bwala specializes in providing fast, reliable order-to-delivery experience for its clients. Despite only having been in the industry for a few years, the company has had tremendous success. To date, Bwala has completed over 100,000 last mile order fulfillments, averaging anywhere from 700 to 850 shipments a day.
Bwala also continues to grow its list of clients. They proudly offer logistics services for manufacturers, retailers, and e-commerce firms. Using funding from Justin Caldbeck, Bwala hopes to be able to increase its shipments almost 10-fold – up to 6,000 to 8,000 drops a day!
So if you’re looking to invest in a company that’s experienced strong growth and has become a trusted name in the logistics industry, Bwala is a worthy consideration.
PiggyVest
PiggyVest is the first savings and investment app to be developed and released in West Africa. Aside from being the first of its kind, PiggyVest was founded by a female, which is a huge barrier-breaker for women around the globe.
PiggyVest was created to make saving and investing easy and accessible for everyone. The ability to manage your own finances by using an intuitive app is a game changer for many people.
In 2016, the app was originally launched under the name Piggybank, and was a savings-only platform. However, in 2019, the company rebranded and changed its name to PiggyVest. And today, the company is a direct investment and savings service for users throughout Africa.
Since the 2019 release, PiggyVest has been used by over one million people, and each month, the service helps its users to save more than ₦1,000,000,000.
What’s unique about PiggyVest is that the platform pays high interest rates, ranging from 8-13% on savings and 25% on investments. This has attracted an ever-growing number of users who are excited about the ideal of making money by saving or investing.
MVXchange
The trade industry is undoubtedly one of the most important. For any country to grow and be successful, it must have a healthy trading industry, which must be backed by reliable services. In 2019, MVXchange was created to help better manage trade and energy supply chains in Africa, as well as in other parts of the world.
MVXchange seeks to become the go-to name for coordinating logistics and trade connections for businesses throughout Africa. The platform is not only easy to use, it offers convenient services that businesses use on a daily basis.
MVXchange offers a multi-product logistics package along with an integrated finance solution, which gives companies everything they need in a single, centralized location. By empowering businesses, MVXchange plays an important role in the logistics industry.
Not only is the platform designed to be convenient and easy-to-use, it’s built on the notion that collaboration, simplicity, and transparency are a must. This is why an ever-growing number of businesses trust MVXchange to help with their trade and economic growth goals.
Reliance HMO
Finding and obtaining reliable health insurance is a complicated process for many people, which is why Reliance HMO was created. The idea is to make health insurance more readily available for people living in Nigeria. When people have health insurance, they’re more likely to take care of their health and seek medical attention when needed.
Reliance HMO uses data science and other technologies to simplify the healthcare process. It offers health insurance plans for employers, individuals, and families. In fact, this health insurance is used by some top businesses in Africa, including Paystack, Bolt, Jagal, Kuda, and ZTE.
Justin Caldbeck acknowledges the importance of healthcare in keeping communities healthy. Healthcare is something that Caldbeck believes should be available to everyone, especially in times of sickness.
Conclusion
Investing is about much more than growing your portfolio and increasing your wealth. Caldbeck is a great example of a philanthropist that invests in companies that provide for the greater good, whether that be businesses shipping products or everyday people looking for healthcare.
If you’re interested in investing globally and playing a part in worldwide philantry, these four companies are top recommendations. Africa is and continues to be a prosperous continent, with future growth expected for years to come.
