Ndovu

Ndovu is a digital investment and wealth management platform that lets retail investors access local and global financial markets from a mobile app or web portal. Products span money market funds, local government infrastructure bonds, African and US government bonds, US stocks, exchange-traded funds, real estate, commodities such as gold, Shariah-compliant (Halaal) funds and tokenised digital assets. Users can hold and invest in multiple currencies and track holdings in a consolidated portfolio view with real-time reporting [0][1][3][4].

The platform is operated by Ndovu Wealth Limited and is described as a regulated robo-advisory service; it holds a Capital Markets Authority (Kenya) fund manager licence and is subject to oversight by the Institute of Certified Investment & Financial Analysts, the Communications Authority and the Nairobi Securities Exchange [5][3][6]. Client assets are held separately in custodial accounts, and the company cites data encryption, two-factor authentication and a blockchain-based transaction record [0][3]. Alongside self-directed investing, Ndovu offers advisory and asset management services, with risk-profiling tools that match clients to portfolios based on goals, risk tolerance and experience [0][2][3].

Leadership includes CEO Radhika Bhachu, Executive Director Rogito (Ro) Nyangeri, Board Chairman and independent director Rick Ashley, and independent director Rose Mambo [2]. At launch the founding team was Bhachu (CEO, previously at BlackRock in the UK), Ro Nyangeri (CCO, former Head of Strategy at the Nairobi Securities Exchange) and Gianpaolo De Biase (CTO) [6][7].

Founding story

Ndovu was founded in late 2021 by three finance and technology professionals whose combined experience spans more than six decades, on the premise that existing investment options in Kenya excluded most people through complex market access and high management fees. Co-founders were Radhika Bhachu (CEO, an investment specialist with 11 years' experience who previously worked at BlackRock in the UK), Ro Nyangeri (CCO, former Head of Strategy at the Nairobi Securities Exchange) and Gianpaolo De Biase (CTO, a serial entrepreneur in digital products) [2][6][7].

Business model

Ndovu distributes curated local and global investment funds and securities to retail clients through a mobile and web platform, coupled with financial advice and professional asset management. Investors are onboarded online in a self-service flow, with the company also offering managed and customised portfolio solutions [0][2][3][4].

The platform positions itself as low-cost relative to traditional providers with high management fees; a convenience fee of KES 60 is deducted from the invested amount on ETF investments, and foreign-exchange conversion is done at rates benchmarked to banks [5][6].

Traction

The company reports more than 200,000 clients, over 3,700,000 deposit transactions and a 28.0% average annual portfolio return on its website; the Android app shows over 100,000 downloads. At launch, Ndovu stated a plan to onboard more than 1,000,000 users by expanding into other countries within three years [0][1][4][6][7].

Latest developments

Current offerings include tokenised assets alongside money market funds, stocks and global ETFs, with regional pages for Kenya, Rwanda and Uganda. Published twelve-month fund returns as at 31 December 2024 ranged from 3.08% (Healthcare) to 52.77% (Kings of Blockchain). The Android app listing shows an update dated June 2026 [0][1][3][4].