Founder of @getgrowapp. The global investing account Prev @worldnetwork, @tfh_technology
Joined December 2020
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Borrowing against stocks has historically been reserved for wealthy investors, even though credit is often far more expensive in emerging markets.
We built Grow Credit to make it more accessible.
Here's why we built it and how it works.
USD is currently earning close to 10% APY in @getgrowapp
If you aren’t earning on your dollars you are missing out
Great 🇳🇬 meetings so far this week!
If you’re going to Moonshot and we can work together please DM me
@getgrowapp
Compare us across markets!
We are so confident in our FX that we want you to check how we compare.
See here
getgrowapp.co/global-account…
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Tokenization of Nigerian RWAs (currency, bonds, stocks, funds) is miles ahead of other non-US markets
Their SEC is super forward thinking and great companies like @getequity are building ahead of even the largest global companies
Soon in @getgrowapp
Met with a few of great modern onchain FX businesses in Lagos today
Our FX is already better at retail sizes, but we'll soon be even more competative for retail AND beat at everyone at-size as well
Legacy infra cannot compete
Excited to Join!
Back Again for Base Weekly Episode 17!
➥ We'll continue on with the @base batches theme by welcoming the @getgrowapp team on for a chat. The Grow app lets users invest in stocks, ETFs, crypto and other assets while earning yield on cash balances held in multiple currencies. There's more to it than meets the eye so it's worth tuning in to find out more!
➥ We'll be talking trading again. Volumes are down across the trenches but there are some classes that are still running strong. Perps, and perps for RWAs being one of them!
➥ As we always do, we'll take a look at the week that has been across the Base ecosystem. Another big one in the books and we'll break it all down.
↛. We go live at the below times. Set your reminders in the comments and I look forward to seeing you there;
Tuesday 10am Australia
Tuesday 7am Asia
Monday 11pm UTC
Monday 4pm Pacific Time
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This is by far the best way to receive from abroad in many countries
You get 2-3% more money than using a legacy platform due to no receiving fees and far better FX. More to come on this topic this week
Introducing Grow Global Accounts
Get your own USD 🇺🇸, EUR 🇪🇺, and GBP 🇬🇧 accounts in 100+ countries and receive globally for free
And receiving is just the beginning 🧵
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At Blockfest Africa in Lagos.
So great to meet so many @getgrowapp users!
If you see me happy to talk
Foreigners buying US equities is the next big trend!
Seeking to lead the charge with @get_grow_app
In the past year foreigners bought a net $900B of American stocks, a record.
Now add tokenized stocks on @base to the mix.
The buyer base for these assets is going to expand dramatically.
Anyone with a smartphone and an internet connection can now invest.
Super simple to use, but opt-in enabled by default.
It's super important that we first become the easiest commission-free place to invest, but also serve more powerful investors as they develop
Extended functionality like this enable us to fund our broader mission and serve more advanced users
For much of the world, advanced trading doesn't exist within local brokerages.
The alternative is to use a different app, not built for local UX or funding rails
We built Grow Advanced to change that
Advanced trading, without the hoops
Onchain settlement + offchain liquidity is meta right now at-size for RWAs, but at small amounts onchain is often superior
@get_grow_app checks all routes, meaning you get the best of both worlds
Grow Credit is so much better than the alternatives if you need cash and don't want to sell your investments
How competitive are Grow's Credit's borrow rates?
Grow CEO @michorenstein answers:
"Rates right now are so low, that I can literally just borrow money and keep it in Grow and I'm making money.
Longer-term, the rate will be continue to be way way better than 10% a month most people are getting to get short-term cash"
10 more countries.
Soon the whole world will be in Grow.
