The new version of the Divest app lets abroad returnees, freelancers, remote workers, families and business owners hold USD, EUR, GBP & NGN, convert between them at competitive rates and send money to accounts and mobile money wallets in Nigeria, Ghana, Kenya and South Africa.

LAGOS, NIGERIA, Nov 02, 2026.Divest, today announced the launch of Divest Private Banking, the new version of its app. Users can now hold US Dollars, British Pounds, Euros and Naira in one place, convert between them with zero fees at competitive rates, and pay out to Nigeria, Ghana, Kenya and South Africa, with more than 20 additional countries coming soon. The launch arrives weeks before the December holiday season, when Nigerians living in the UK, US, Europe and elsewhere fly home and need a simple way to spend their money without losing part of it to charges and poor exchange rates.

The problem: moving between currencies still costs Nigerians too much

December has become one of the busiest months in Nigeria’s economy. According to MO Africa Co’s report on the 2025 Detty December season, about 3.6 million people took part over a 55-day period, consumer spending reached ₦396.54 billion, and diaspora visitors accounted for 55 percent of that spending. The United States overtook the United Kingdom as the largest source of diaspora visitors, making up 27 percent of international arrivals.

For many of these visitors, spending at home is harder than it should be. Foreign cards attract conversion charges at every swipe. Cash exchange means negotiating rates on the spot. Many people end up relying on relatives to receive transfers and pay on their behalf.

The same friction affects Nigerians all year round. Diaspora remittances to Nigeria reached $21.8 billion in 2025. Freelancers and remote workers are paid in dollars and pounds. Business owners receive payments from clients abroad. Most of them still use one app to receive money, another to convert it and a third to send it on.

The solution: one app for every currency you earn, hold and spend

Divest Private Banking brings these needs into a single account. Users can receive money in USD, GBP or EUR, keep it in that currency for as long as they choose, convert it to Naira, Rands, Cedis, Shillings or another available currency when they need to, and spend or send it from the same app. The fees on transactions are very low, and rates are competitive, so the amount a user converts is closer to the amount they actually get to use.

For a returnee landing in Lagos in December, this means arriving with dollars or pounds already in a Divest account and converting only what they need, when they need it.

READ MORE: How to Send Money From Nigeria to Kenya

Who Divest Private Banking is for

Returnees and holiday travellers (IJGB). Nigerians flying in from the UK, US, Canada and Europe for Christmas, weddings and Detty December can fund their foreign currency account before they travel, then convert to Naira at competitive rates and spend locally with low fees. Their money stays in their own account instead of passing through friends, relatives or street exchangers.

Freelancers and remote workers. People earning from clients abroad can receive payments directly into their USD, GBP or EUR account details and decide when to convert, rather than being forced into Naira the moment a payment lands.

Families sending and receiving money. Relatives abroad can support family at home, and Nigerians at home can send money to loved ones in Ghana, Kenya and South Africa, all from one app.

Business owners. Businesses can receive international payments in major currencies, hold them, and pay out locally or across supported African markets without stacking fees on every transaction.

Key features

• Multi-currency accounts: hold USD, GBP, EUR and NGN, each with its own account details for receiving money. Using these accounts you can receive direct wire transfers from banks in the US, UK and Europe. You can also receive money from over 100+ platforms such Payoneer, Deel, Upwork, Airbnb, Wise, Paypal, Amazon and so on.
• Low fees: almost zero transaction fees when converting or sending money.
• Competitive exchange rates: convert between any of the available currencies on the app at rates designed to give users more value.
• Instant currency conversion: move money between USD, GBP, EUR and Naira whenever needed.
• International instant payouts: send money to Nigeria, Ghana, Kenya and South Africa today, with 20+ more countries coming soon. The money lands in the destination bank account or mobile money in seconds.
• One app for individuals and businesses: the same account works for personal spending, freelance income and business payments.

How to open a USD, GBP & EUR Accounts and Convert to Local Currencies

Opening a USD account on Divest takes a few minutes. The same steps apply for GBP and EUR accounts.

• Open Divest, and log in to your account. New users can download the app from the App Store or Google Play and sign up.
• Go to the USD account option on the home screen.
• Select “Create USD account” to begin.
• Complete your KYC by following the on-screen instructions to verify your identity, if you have not done so already.
• Provide any additional details the app requests.
• Review and submit your application.
• View your account details. Once your account is created, open it to see your USD account details and share them whenever you are ready to receive dollars. Do the same for your EUR and GBP accounts.
• Instant conversion and payouts: Send money to local bank accounts and mobile money in Nigeria, Ghana, Kenya and South Africa in seconds, with 20+ more countries coming soon.

Divest Private Banking is available now. Download the Divest app to get started before the holiday season.

READ MORE: USD Wallet VS Local Bank Account

About Divest

Divest is a fintech that helps individuals and businesses receive, hold, convert and move money across currencies. With accounts in USD, GBP, EUR and Naira, zero fees and competitive exchange rates, Divest serves returnees, freelancers, remote workers, families and business owners in Nigeria, and across the diaspora, with payouts to Ghana, Kenya and South Africa and more countries on the way.

Why Divest?

• Low transaction fees: almost nothing charged on conversions or transfers
• No bank visit, no paperwork, no bureau de change, the entire process happens on your smartphone
• Multi-currency account: hold and fund USD, GBP, EUR, and NGN in one place
• Send to South Africa, Ghana and Kenya and soon 20+ countries
• Transfers move same-day or within minutes, not days
• Transparent rates, no separate fees buried in the transfer
• Dedicated account details, not pooled with other users
• Convert cryptocurrencies (BTC, ETH, USDT, USDC, etc)  to cash (Naira, Cedis, Rands, Shillings, etc.)
• 200k+ users and counting
• 24/7 support

Website: usedivest.com | Instagram, X and TikTok: @usedivest