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Risevest says it received a Nigerian SEC Fund Manager license under RV Fund Management Limited and is rolling out new SEC compliant plans for users.
Risevest is changing how it offers investments in Nigeria after receiving a Fund Manager’s license from the Securities and Exchange Commission (SEC), Nigeria.
The company says it will introduce new investment plans structured to comply with SEC rules. It also says existing plans created before the change will continue until they come due.
Risevest said it received a Fund Manager’s license from the SEC, Nigeria, under RV Fund Management Limited.
Risevest said the license supports a “stronger, better-aligned regulatory framework” for its Nigerian users. It also framed the update as part of a shift toward a “more regulated, transparent, and sustainable investment platform.”
Under the new structure, Risevest said new and existing users in Nigeria will create new plans from offerings structured in compliance with SEC rules. The listed plans are Equity Fund, Dollar Fund, Money Market Fund, and Discretionary Portfolio, Naira Vault.
Risevest also said it made “extensive changes to the app” and is introducing new offerings. It added that some previous plans have moved to “Global Plans” to reflect their exposure to non-Nigerian jurisdictions.
Risevest said existing users and plans created before the change “will continue to run seamlessly until they come due.”
For USD plans, Risevest said Real Estate, Dividend Income, Growth Stocks, Build Wealth, Goal-Based plans and Dollar Vault now sit under Global Plans. It described Global Plans as “carefully curated portfolios with exposure to non-Nigerian jurisdictions.”
Risevest said Global Plans will be available to users in non-Nigerian jurisdictions, subject to local regulation. It also said Global Plans “will not be open to new Nigerian users.”
Risevest also said users will “notice a new look and feel” across the app soon. It said these are layout and design changes and “do not change how your money works.”
Primary Source: Risevest Blog
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