Frequently Asked Questions
We have the right tools, the people and the insights to help you create a personalized plan to pursue your financial
Microvest is a FinTech start-up and a wholly-owned Nigerian company incorporated in May 2021. The company aims to provide digital and electronic platforms to execute their transactions in a secure environment and seamless manner that saves cost and ensures overall efficiency.
- All customers’ data is encrypted and securely stored.
- We do not store your card information.
- We also use the Two-factor authentication process.
- We are also Nigerian Data Protection Regulation (NDPR) compliant.
- We work with Flutterwave and Paystack who are PCI DSS-compliant concerning your card details. Your card details are extremely safe and are warehoused where they can never be compromised.
- We are also a registered cooperative- Microvest (Ikeja) Cooperative Multipurpose Society Limited (Registration number, 17745).
You can log in via https://www.microvest.ng and click on Create free account, where you would be required to input your first and last names, phone number, and email, create a password, and a referral code (if you have any).
You would also get an OTP - a one-time password to verify your account via email and text message.
You can also download the Android App on the Google play store or the iOS App on the App store.
No document is required. It is 100% paperless and seamless.
Yes, we do. 23, wemco road, Ogba, Ikeja, Lagos.
You can reach out to us via:
Call 070021212121
WhatsApp +2349129740538
Your wallet is your virtual purse, a source to fund your plans and where you can send money to other Microvest users by inputting their email or phone number. To get your wallet details, you will be required to activate your account by inputting your BVN and account details.
Please note that the Funds left in your wallet do not earn any interest.
You have two options to fund your wallet - Paystack and Flutterwave.
Log in to your bank App, copy and paste your virtual bank account number, select the bank, input the amount and conclude the transaction. You can also fund your wallet via any Naira debit card.
Your funds will reflect in your wallet immediately.
You can create as many plans as possible and name them to fit your goals.
Login to the website or download the App from Google Playstore or App store to create an account.
You can start saving immediately by locating and clicking the ‘Plan’ Icon to choose the appropriate Savings plan for you and provide the required details to commence your savings journey.
You can start with as little as N1,000 (For Misafe, you can start with N100), and there is no maximum limit.
You can either choose to fund your savings plan with Wallet balance or by enabling the auto-debit feature that allows the system to deduct the desired amount from your bank account.
Please note that you can pause the auto-debit at any time by selecting the particular plan and clicking on the ‘Pause’ button.
Remember, you are saving on your terms! If you miss your savings at any period as a result of insufficient funds, you can initiate manual top-ups by logging in and clicking on ‘Top-up’ button.
- MiSafe: This feature avails users the opportunity to make untenured contributions, accessible at any time for withdrawals. You can choose to withdraw at any time, but you will be charged 3% of your withdrawal amount after the third free withdrawal every month (this rate is subject to change, and Microvest reserves the right to change it at any time). You can start with as little as 100 naira, and there is no maximum amount. Your funds would earn 12.5% annually.
- MiTarget: This contribution variant is for a continued build-up of contributions targeted at a project. It is a tenured account, only accessible at the end of the period set by the user or at any time, minus a 3% penalty (subject to change, as Microvest reserves the right to change this rate at any time). You can start with as little as 1000 naira, and there is no maximum amount. Also, note that the minimum duration is 90days. Your funds would earn 14% annually.
- MiLock: As the name implies, this is designed for total financial discipline. You can only withdraw your funds at maturity. It has three variants.
- Silver Milock - The minimum amount you can start with is 1,000 naira, the maximum is 500,000 naira, and the minimum duration is 90days.Your funds would earn 16% annually.
- Gold Milock - The minimum amount you can start with is 500,0,000 naira, the maximum is 5,000,000 naira, the duration is between 90days and 365days. Your funds would earn 17% annually.
- Platinum Milock - The minimum amount you can start with is 5,000,000 naira, and the minimum duration is 365days. Your funds would earn 18% annually.
- MiPearl: This is targeted towards high returns in a short period. The minimum amount required is 5,000,000 naira, and your funds would earn up to 20% annually in 45days.
- MiHalal: It is completely free of Riba and you can start with 100 naira.
Would you like to save regularly towards a target but still access the funds before the maturity date at a fee? Then, you can choose MiTarget.
For total financial discipline, the Milock plan would be suitable for you.
Misafe is best suitable for flexibility because there is free entry and exit.
MiHalal is best suitable for people who want no interest in their plans.
Microvest encourages savers to have a disciplined savings culture to build a community of prosperous people who impact their world. There is no best plan; it depends on your financial capabilities.
Yes, you can increase/reduce the amount you're saving at any time. Login and click 'more' on the plan page, thmeren edit the amount. You can also edit your frequency to either daily, weekly or monthly.
Your funds start earning returns from the next day. You will see the accrued interest in your savings as it grows daily.
You can keep your savings with us for as long as you wish.
Your BVN does not give Microvest access to your bank information/balances. It is only essential to confirm your real name, phone number, and date of birth from your bank. It is just another safety precaution
We invest in treasury bills, commercial papers, government bonds, and mutual funds.
For the ‘Misafe’ savings plan, you can withdraw your funds at will. You can withdraw your funds in the ‘Mitarget’ plan when it matures. However, you would be charged 3% of the withdrawal amount at pre-maturity (subject to change, as Microvest reserves the right to change this rate at any time). Your funds in the ‘Milock’ plan can only be accessible at maturity.
To withdraw your funds, select a specific plan, click on Withdraw, input the amount, and your wallet will be credited immediately. Then, you can initiate a withdrawal to your bank account. However, at the pre-set date when a plan matures, your money is remitted to your wallet automatically.
No, you can't! You can only withdraw to your pre-set bank account.
There is no minimum or maximum amount you can withdraw from your Microvest wallet.
PS: You can ONLY withdraw twice in 24hours.
When someone signs up to Microvest using your referral link, it is required for your referral to fund and create a MiLock plan with ₦5,000 then, you and the person you have referred each earn ₦1,000, which is paid into your wallet. You can choose to withdraw the funds to your bank account to top-up your savings plans.
Login to your Microvest account, select Profile > Refer and Earn, to see the list of people who used your referral link to sign up and save.
Login to your account.
Click on Wallet.
Click on Wallet Share.
Input the amount and email/phone number phone number and complete the transaction.
As the name implies, you can automatically save from your wallet or Naira debit card without logging in to the Mobile App or Web App. With this feature, you can choose to save periodically( daily, weekly, monthly). To activate this, kindly follow the steps below:
- Log in to your account and select the plan.
- Click on More.
- To top up your plan with your debit card, Select either Paystack or Flutterwave.
- Select Frequency (Daily, weekly, or monthly).
- Type the amount.
- Fill in your card details on the payment platform and proceed to pay.
Imagine a social media platform where you can interact with other Microvest users and share ideas ? This platform enables our users to create accounts and connect with one another.
Secure your financial future with Microvest
Our app is designed to build long-term wealth.
