INVESTIQ Oak Wealth (Pvt) Ltd, a newly licensed stockbroking firm, is actively pursuing a range of listed and unlisted leads as part of its strategy to build a robust client base, businessdigest can reveal.
The firm recently achieved a significant milestone after being admitted as a trading member of the Zimbabwe Stock Exchange (ZSE).
This follows its licensing by the Securities and Exchange Commission of Zimbabwe last month, a key step in its journey to becoming a competitive player in the financial services sector.
In an interview with businessdigest, InvestIQ managing director, Coreen Madanha, outlined the company’s strategic vision to carve out a niche in a market dominated by more established financial services providers.
“We have several listed and unlisted leads ready to galvanise our book once active trading goes live. However, I can’t give specific statistics as stakeholder engagement remains ongoing,” she said.
“We are actively growing our client base and engaging investors and businesses seeking trusted, knowledge-driven investment services.”
She said the firm was in the early stages of facilitating capital-raising initiatives.
“While we have yet to raise specific amounts, we are targeting capital mobilisation in line with market norms to ensure our clients can access competitive funding opportunities,” Madanha said.
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The entry of InvestIQ comes at a time when the ZSE market lacks fundamentals and is purely performing based on the inflationary environment.
For example, while the ZSE’s market capitalisation rose by 125% nominally, in real terms this translated to a 31% increase to close 2024 at ZiG66,2 billion (US$2,56 billion) compared to 2023.
“We are actively developing capital-raising strategies, including building relationships with institutional investors to connect businesses with capital sources. Educating clients on capital markets and funding opportunities to ensure they make informed choices,” Madanha said.
“Structuring investment advisory services to guide businesses on sustainable growth and capital access. While we are in the early stages, we are laying a strong foundation to become a key player in capital markets.”
She said at InvestIQ, they were committed to investor education, ethical investing, and financial empowerment.
“As we grow, our dedication to knowledge, integrity, and client success will continue to define our journey,” Madanha added.
She said the ZSE was a well-established exchange with liquidity and broad market participation, while the Victoria Falls Stock Exchange was a US-denominated trading platform that attracted foreign investment and mitigated currency risk.
“Our role is to educate investors on both options, helping them choose the best fit for their investment goals,” Madanha explained.
Amid companies closing down or entering corporate rescue, she said InvestIQ was positioned to support businesses in navigating financial uncertainty through strategic financial advisory services.
The company also provides access to investment and funding opportunities while educating corporate leaders on financial strategies to enhance decision-making.
“By focusing on knowledge-driven solutions and long-term financial planning, we help businesses build resilience in challenging economic conditions.”
When asked which investors InvestIQ would target, she said the firm would engage with a diverse range.
“Our primary focus is to provide insightful market research, strategic advisory and financial literacy resources to support their investment journey,” Madanha added.
