Risevest, a Nigerian-based investment platform that connects users to dollar-denominated investments in developed markets, has achieved a significant milestone by obtaining a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited.
In an email to customers, Risevest described this feat as a pivotal moment in its efforts to provide seamless access to wealth-generating assets worldwide. With this license, the platform can now offer both individual and institutional investors unrestricted entry into U.S. and global markets, effectively breaking barriers to international investing.
This expansion enables investors to trade across multiple investments, under the Risevest ecosystem, unlocking diverse investment opportunities and broadening wealth-building avenues.
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Notably, Risevest’s international expansion efforts gained traction in 2022, when it secured regulatory approval from the US Securities and Exchange Commission (SEC), in 2022, making it a US-registered investment adviser.
According to the company, the registration and recognition by the US investment regulatory body will allow it to enter into more global partnerships and bring additional offerings to its customers. It also mentioned that the license will help to bring exposure and bolster confidence in the quality of assets on its platform to users across many other countries including the US and the rest of Africa.
Risevest Becomes Nigeria’s Second Financial Firm to Secure U.S Broker Dealer License
Risevest’s securing of a U.S broker-dealer license has seen it become the second financial organization in Nigeria to attain such a feat, after Bamboo.
Recall that in December 2024, Bamboo, a Nigerian digital investment platform that gives users real-time access to buy and trade US stocks, announced that it had acquired a U.S. broker-dealer license.
This accomplishment made Bamboo the first financial institution from Nigeria to achieve such a feat, further solidifying its leadership in Africa’s wealth management landscape.
In an email announcement, Bamboo revealed that this license will enable it to power its mission to give Africans the ability to invest in anything from anywhere in the world.
Part of the email reads,
“Bamboo Securities LLC will power our mission to give Africans the ability to invest in anything from anywhere so they can dream, invest, and live out those dreams. It allows us to extend our B2B product offerings by collaborating more with licensed broker-dealers across Africa and businesses that want to enhance the value proposition to their users by giving them access to invest in U.S. securities.”
Risevest U.S. broker-dealer license represents a monumental step forward for Nigerian investors. This milestone strengthens the platform’s position in the fintech and wealth management space, enabling it to offer Nigerian investors seamless access to U.S. and international markets. By securing this license, the company takes a significant step toward eliminating barriers to cross-border investing, furthering its mission to provide users with trustworthy and diverse wealth-building opportunities on a global scale.
Founded in 2019 by Eke Urum, Riesvest is an e-investment company that is registered under the Corporate Affairs Commission of Nigeria (CAC). It helps users to invest in a diverse portfolio of U.S. Stocks, Real Estate, Stable Foreign Currencies, and other managed investment options. The Rise stock portfolio is a selection of stocks of the world’s most profitable companies, curated by experts to deliver great long-term returns.
The company’s real estate offering is a portfolio of rental properties in the US that provide steady monthly returns, price appreciation, and capital gains. Also, the company which is affiliated with Risevest Technologies Limited, has over 600k+ users, has paid out over $42 million to users, and is currently operational in five countries.
