LOOMO - INVEST. MULTIPLY.
Give your savings a hand.
Archived App (Last seen on 25 Jun 2025)
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
About
This platform offers curated, long-term investment opportunities with the potential for high returns. It simplifies investing for beginners with features like Dollar Cost Averaging and automated investments, while also allowing users to protect their local currency from inflation by investing in dollar-denominated assets.
What's New in LOOMO
1.7.16
July 23, 2024
Here's what's new: - We made some improvements to make your investment experience easier
FAQ
What is LOOMO?
LOOMO is a trading platform designed for Nigerian users, offering curated long-term investment opportunities with the potential for over 50% returns. It simplifies investing with features like Dollar Cost Averaging and automated investments.
How does LOOMO protect my investments from inflation?
LOOMO allows you to invest in dollar-denominated assets, which helps protect your local currency from inflation. This strategy is beneficial for long-term wealth preservation.
Can I automate my investments with LOOMO?
Yes, LOOMO offers an automation feature. You can decide how much and how often you want to invest, and the app will handle the rest, making it easier to invest consistently.
How can I access my funds with LOOMO?
You can sell your assets at any time through the LOOMO platform. Once sold, you can withdraw your funds directly to your local Naira account.
Does LOOMO offer crypto investments?
LOOMO provides a way to benefit from the crypto market without directly owning cryptocurrencies. The platform focuses on regulated companies listed on US stock exchanges, offering a simpler and safer approach.
Is LOOMO safe to use?
LOOMO partners with Trove Technologies to provide regulatory cover, as LOOMO itself is a technology platform. All investment opportunities are with companies listed on US stock exchanges, which are regulated and audited entities.
What devices does LOOMO support?
LOOMO is available on iPhone and iPod devices. It is designed for users on the iOS platform.
How often is LOOMO updated?
The latest version of LOOMO is 1.7.16, and it was last updated on July 23, 2024. This indicates regular updates to improve the platform and add new features.