Risevest, a digital investment platform that helps individuals build long-term wealth by giving them access to global investment opportunities, has secured a Fund & Portfolio Manager licence from the Nigeria’s Securities and Exchange Commission (SEC).
The new licence obtained through its subsidiary, RV Fund Management Limited brings Risevest’s operations under the capital market’s regulatory framework.
Announcing this milestone, the company’s founder and CEO Eke Urum said,
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“This approval reflects months of rigorous review and engagement. We’re grateful to the Securities and Exchange Commission for the critical work they do in safeguarding Nigeria’s financial system and maintaining standards that protect investors. Strong regulation builds strong markets, and strong markets build lasting wealth”.
Risevest Fund & Portfolio Manager licence marks a big win for the fintech after it faced scrutiny from SEC, advising Nigerians not to invest in the platform.
Recall that in January 2025, The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians against investing in Risevest and several other platforms, citing unauthorization to operate in the country’s capital market.
It was observed that SEC’s warning occurred amid intensified adverts by Risevest on radios, billboards, and social media, encouraging Nigerians to invest on the platform.
At the time, Risevest said its Nigerian investment activities were safeguarded through a trusteeship arrangement with Meristem Trustees Limited, an SEC-licensed trustee.
The company now joins a growing list of other SEC-licenced fintechs operating in Nigeria, including Bamboo and Trove, which acquired an SEC-licenced broker-dealer in January. “It has always been our goal to operate at the highest level of global compliance,” Urum noted.
Founded in 2019 by Eke Urum, Bosun Olanrewaju, and Tony Odiba, Risevest presents itself as a digital wealth manager and investment platform tailored especially for Nigerians and other Africans who want exposure to global assets without the complexities of direct trading on foreign exchanges.
In an era where access to international financial markets has traditionally been limited for many Africans, Risevest has emerged as a compelling fintech solution that aims to democratize investment opportunities and help users build long-term wealth beyond local borders
At its core, Risevest isn’t a typical brokerage where users pick and trade individual securities themselves. Instead, it functions as a managed investment service, curating portfolios of assets and deploying users’ funds on their behalf based on selected plans and goals.
In addition to Nigerian regulation, Risevest is registered in Delaware, USA, and partners with SEC-licensed entities to hold and manage client assets, adding layers of compliance and transparency.
By bridging the gap between Nigerian investors and global markets, the fintech has carved out a niche as a gateway to diversified, dollar-based investing. Its managed portfolios, low barriers to entry, and mobile-first experience make it an attractive option for those looking to grow their financial future beyond local opportunities.
The company’s mission is to connect users to the best wealth creating opportunities in the world, with a goal to help them create wealth and achieve their financial goals.
Outlook
Risevest’s newly secured regulatory status is expected to enhance investor confidence, expand institutional partnerships, and support product innovation within Nigeria’s evolving digital investment landscape.
As regulatory clarity improves across the fintech sector, the platform is well positioned to deepen its role in advancing financial inclusion and global market participation for African investors.
Looking ahead, the company’s strengthened compliance framework could enable broader service offerings, increased capital market integration, and accelerated adoption among retail investors seeking structured pathways to long-term wealth creation.