In an exciting development, Sole Fintech has announced a strategic partnership with Fijian Holdings Unit Trust (FHUT) aimed at facilitating seamless investments for Sole customers through the Sole App. This collaboration marks a significant step toward enhancing access to medium- to long-term investments, empowering individuals to grow their wealth effectively.

The General Manager of FHUT expressed enthusiasm about the partnership, highlighting its alignment with FHUT’s digital transformation strategy. The collaboration with Sole Fintech reflects FHUT’s commitment to facilitating wealth creation by integrating savings and investment opportunities into a single platform.

Semi Tukana, Founder and Board Chairman of Sole Limited, expressed his delight at providing Sole customers with a secure and convenient avenue to invest their savings. He extended gratitude to Fijian Holdings Unit Trust for their support in making this partnership possible.

FHUT’s investment offering becomes the first available through Sole’s Bill Pay Feature, enabling Sole customers to start investing with as little as $5, with the added advantage of setting aside funds for their children’s future.

For rural and maritime customers without FHUT Investment Accounts, Sole will assist in the account opening process, streamlining the submission of necessary documents electronically. A minimum investment of 50 units is required to open a new FHUT Investment Account.

This partnership signifies a significant stride in promoting a savings culture across Fiji, encouraging individuals to start saving early and capitalize on investment opportunities.

Mereia Volavola, CEO of Sole Fintech, emphasized the importance of financial management and commended early adopters of Sole’s savings platform. She noted the remarkable uptake of Sole App among Fijians, with savings and investments through the platform exceeding 20% of total E-money held, showcasing a growing trend towards financial independence among ordinary citizens.

The collaboration between FHUT and Sole Fintech underscores a shared commitment to promoting financial wellness among Fijian households and communities, offering accessible avenues for savings and investments.

(Information sourced by: Sole Fintech and FHUT – Press Release)