Risevest
“Can a Nigerian-built wealth app become the default dollar-investment platform for African retail savers?”
Founded2019
HQLagos, Nigeria / George Town, Cayman Islands
FoundersEke Urum
Latest roundLater Stage VC
IndustryFintech / Investment
The story
Founded in 2019 as a Nigerian dollar-investment app letting African retail investors access US stocks, US real estate and eurobonds via professionally managed portfolios. Acquired Chaka in 2023 to consolidate Nigerian investment-tech. Operates via affiliates and third-party partners across Delaware, Cayman and Nigerian entities — meaning its embedded-finance stack relies heavily on US broker-dealer and custodian partners rather than self-operated infrastructure.
Last 12 months
Product timeline
2019
Risevest founded to offer dollar-denominated investments (US stocks, real estate, eurobonds) to African retail investors.· pivot
2023
Acquired Nigerian fintech Chaka to expand investment-tech footprint.· acquisition
Regulated entities
3
regulatory licences held by Risevest
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in Risevest’s embedded-finance stack
Accounting gap: none