Nigerian Fintech Risevest Obtains U.S. Broker-Dealer License, Expanding Global Reach
Tech In Africa | Sylvia Duruson - Feb 24, 2025
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  • Risevest has acquired a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited.
  • This achievement makes Risevest the second Nigerian financial organization to obtain a U.S. broker-dealer license, following Bamboo.
  • With the new license, Risevest can provide seamless access to U.S. and global markets for investors.
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Risevest's acquisition of a U.S. broker-dealer license is a significant step forward for the company and the Nigerian investment landscape. It opens up new opportunities for investors and enhances the platform's credibility. However, the regulatory challenges they face in Nigeria highlight the importance of maintaining compliance and transparency in operations.
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