Question 1

Can I send money without investing?

Accepted Answer

Yes. Investing is completely optional. You can use BoraBond solely for international money transfers if you prefer.

Question 2

How long do transfers take?

Accepted Answer

Most transfers are processed within minutes to a few hours, depending on your payment method, banking network, and recipient country. Some transfers may take longer due to compliance checks or banking delays.

Question 3

Will I see the exchange rate before sending money?

Accepted Answer

Yes. BoraBond always displays the exchange rate and any applicable fees before you confirm a transfer.

Question 4

Can I withdraw money back to my U.S. bank account?

Accepted Answer

Yes. Available funds can be withdrawn to your linked U.S. bank account.

Question 5

Which countries can I send money to?

Accepted Answer

BoraBond supports transfers to multiple African countries, with additional markets being added over time. Available destinations are displayed in the app.

Question 6

What payment methods are supported?

Accepted Answer

You can fund transfers using linked U.S. bank accounts and other supported payment methods available through the BoraBond platform.

Question 7

What is BoraBond Investing?

Accepted Answer

BoraBond allows eligible users to invest in African government bonds and sovereign debt instruments while also managing international money transfers through a single platform.

Question 8

What is the minimum amount I can invest?

Accepted Answer

You can start investing with as little as $500 as a one-time investment and $100 through recurring investment plans.

Question 9

Can I choose which bonds to invest in?

Accepted Answer

Yes. If you select "Invest Now," you can choose specific bonds yourself. For recurring investments or transfer-linked investing, bond selection may be automated based on your investment profile.

Question 10

Can I sell my bonds anytime?

Accepted Answer

Generally, yes. Sovereign bonds can often be sold before maturity through the secondary market, subject to market liquidity and availability.

Question 11

Is there a penalty for selling bonds early?

Accepted Answer

No. BoraBond does not charge an early withdrawal penalty. However, because bonds sold before maturity are priced at current market value, you may receive more or less than your original investment. A broker settlement fee of up to $15 per bond sale may apply.

Question 12

Can I reinvest my bond interest payments?

Accepted Answer

Yes. You may choose to reinvest interest payments or withdraw them when received.

Question 13

When do my investments begin earning returns?

Accepted Answer

Your investment begins earning returns once the bond purchase has been completed and settled.

Question 14

What currencies can I invest in?

Accepted Answer

Depending on market availability, BoraBond offers local currency government bonds as well as USD- and EUR-denominated Eurobonds.

Question 15

How often do bonds pay interest?

Accepted Answer

Interest payment schedules vary by bond. Most bonds pay interest semi-annually, though some may follow different schedules.

Question 16

How secure are my investments?

Accepted Answer

Customer investments are held with licensed custodians and partner financial institutions. BoraBond maintains security, compliance, and operational controls designed to protect customer accounts and transactions.

Question 17

Who holds my investments?

Accepted Answer

Investments are held with licensed custodians and regulated financial partners, not directly by BoraBond.

Question 18

Is BoraBond regulated?

Accepted Answer

Yes. BoraBond is an SEC-registered investment adviser. SEC registration does not imply a certain level of skill or training and should not be considered an endorsement or approval by the SEC.

Question 19

How is my personal information protected?

Accepted Answer

BoraBond uses industry-standard security measures, including encryption and secure account controls, to help protect customer information.

Question 20

Do I need to be African to use BoraBond?

Accepted Answer

No. BoraBond is available to eligible U.S. residents interested in investing in African government bonds or sending money internationally.

Question 21

Who can open a BoraBond account?

Accepted Answer

Eligibility requirements may vary based on residency, regulatory requirements, and identity verification standards.

Question 22

What fees does BoraBond charge?

Accepted Answer

BoraBond charges a simple 1% annual Assets Under Management (AUM) fee on invested assets. Fees are generally deducted from bond interest payments. Exchange rates may include a spread above wholesale market rates.

Question 23

Are returns guaranteed?

Accepted Answer

No. All investments involve risk, including the possible loss of principal. Bond returns may vary based on market conditions, interest rates, issuer risk, and currency movements.

Question 24

What are the main risks of investing in sovereign bonds?

Accepted Answer

Key risks include currency fluctuations, interest rate risk, political and economic instability, liquidity risk, and regulatory and tax considerations.

Question 25

How does BoraBond help manage these risks?

Accepted Answer

BoraBond offers access to multiple African markets, allowing investors to diversify across countries and bond issuers. Diversification helps manage risk but cannot eliminate investment losses.

Question 26

What happens if interest rates rise?

Accepted Answer

When interest rates rise, existing bond prices typically decline. This may affect the market value of bonds sold before maturity.

Question 27

What are the tax implications of investing in foreign bonds?

Accepted Answer

Tax treatment depends on your individual circumstances. BoraBond does not provide tax advice. Investors should consult a qualified tax professional regarding their specific situation.

Question 28

Can I lose money investing in bonds?

Accepted Answer

Yes. Although bonds are generally considered lower-risk investments than many equities, investors can lose money due to market fluctuations, currency movements, issuer-related events, or selling before maturity.