Risevest, a Nigerian investment platform, recently made a significant stride in its mission to revolutionize global investing by acquiring a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. This accomplishment marks a major milestone for the company, positioning it as the second financial organization from Nigeria to achieve this credential, following in the footsteps of Bamboo.
The company shared this exciting news with its customers via email, underscoring the importance of this achievement in their quest to provide users with access to reliable, wealth-generating assets on a global scale. Risevest’s focus on connecting investors with opportunities in U.S. and global markets has been further solidified with the acquisition of this license, paving the way for both individual and institutional investors to seamlessly trade across various locations under the Risevest umbrella.
Founded in 2019 by Eke Urum, Risevest stands out as an e-investment company registered with Nigeria’s Corporate Affairs Commission. The platform offers users the opportunity to invest in a diverse range of assets, including U.S. Stocks, Real Estate, and Stable Foreign Currencies. Risevest is closely affiliated with Risevest Technologies Limited, further enhancing its capabilities in the investment landscape.
In a previous regulatory triumph, Risevest obtained approval from the United States Securities and Exchange Commission in 2022, solidifying its status as a U.S. Registered Investment Adviser. This milestone facilitated the establishment of global partnerships and the expansion of services to users in various countries, including the U.S. and other African nations.
The acquisition of the broker-dealer license represents a significant advancement for Risevest, enabling corporate clients and licensed brokers to access the U.S. stock market directly through the platform. Similar to Bamboo, Risevest can now collaborate with licensed broker-dealers across Africa and offer B2B services to businesses seeking to provide U.S. investment opportunities to their clientele.
Despite these achievements, Risevest encountered regulatory hurdles in January when the Nigerian Securities and Exchange Commission cautioned Nigerians against engaging in investment transactions with the company and three other entities. Risevest swiftly responded by clarifying its legal operations in Nigeria, highlighting its registration under the Cooperative Society Laws of Lagos State. The company also emphasized its compliance with regulatory guidelines through partnerships with SEC-licensed entities such as Meristem Trustees Limited and Chaka Technologies Limited.
Risevest has taken proactive steps to address the concerns raised by the Nigerian SEC and remains committed to upholding transparency and regulatory compliance in its operations. The acquisition of the U.S. broker-dealer license underscores Risevest’s dedication to providing users with unparalleled access to global investment opportunities while navigating regulatory landscapes effectively.
