The Cenoa Investment App has been trending recently. It has been all over the social media ads with a lot of users wondering what it is about and we will be seeing that today.
With the exchange rates declining rapidly against the local currencies (like Naira in my case), something needed to be done.
A lot of internet users opted to store their money as cryptocurrencies but that didn’t come without its downsides.
For instance, the Nigerian government came for Binance and other top exchange platforms. Nigerian IP addresses couldn’t access these platforms and of course, people’s investments were stuck as digital currencies on the web.
Also, the currencies are very unstable except for people who want to invest in USDT. Sometimes you are not even trying to fail or gain, just keep your money in a form you can be sure it will be the same in years to come.
A lot of people also opted for domiciliary accounts and we know how hard it can be to get dollars as a Nigerian.
With all these came a challenge that needed to be tackled and then, an innovation.
Cenoa Investment Review: Is It The Way To Go?
The Cenoa App promotes itself as a way to get easy access to dollar investments in your local currency.
This means that you can easily invest in the US dollar even as a Naira holder and save yourself from the uncertainties of inflation.
Signing up is very easy and you can download their Android or iOS app. Cenoa also offers a unified exchange rate which means everybody can get to purchase at a central rate.
Their mobile app is a non-custodial blockchain wallet and is designed to provide its clients with security and full control over their assets.
They also aim to add U.S. Dollar-based debit cards and instant money transfer options to their product offering.
Who Owns Cenoa?
Cenoa is co-founded by Bugra Cakmak, Seckin Caglin, Emre Ertan and Sirri Perek. The app is based in Singapore and they worked together to create the magic.
The app has external investors like Quiet Capital, Collective Spark, Acrew Capital, Ulu Ventures, Underscore VC and Human Capital according to their website.
Is Cenoa App Legit?
I’ve not had a negative experience with them yet. The signup process is very straight forward and the interface is easy to navigate. Also, take note that Cenoa is not a bank or a licensed financial institution.
You can however check out other reviews online before you give it a trial.
Conclusion
Signing up on Cenoa is very easy and you can do that in seconds. When you invest with the platform, they put your funds in blue-chip assets to ensure its security.
They are already in over 35 countries across Europe. There is no minimum investment amount but their financial partner in Europe requires a minimum investment of $35.
