Overview
RiseVest is a Nigerian-based investment platform that enables users to invest in dollar-denominated assets from their smartphones. The platform works like a personal investment manager and adviser that lives on your smartphone, helping you invest in dollar-denominated assets carefully selected to deliver safe, consistent dollar returns over time.
The platform is designed for Nigerian investors who want to diversify their portfolios internationally and protect their wealth against local currency devaluation. RiseVest is regulated by the Nigerian Securities and Exchange Commission (SEC) and serves users across Nigeria, Ghana, Kenya, and Uganda. The platform has facilitated $42 million+ paid out to users since its inception.
Key Features
Multi-Asset Investment Portfolio
US stocks, real estate, and fixed income securities
Dollar-Denominated Returns
All investments earn returns in USD
Automated Investing
Set up recurring investments with automated portfolio management
Low Minimum Investment
Start investing with as little as $10
Real Estate Investment
Access to US rental properties through REITs
Educational Resources
Investment club meetings and financial literacy programs
Mobile-First Platform
Fully functional iOS and Android applications
Pros & Cons
Advantages
- Low management fees (1% annually)
- Diversified investment options (stocks, real estate, bonds)
- Dollar-denominated returns protect against currency devaluation
- Educational resources and community support
- Regulated by Nigerian SEC
- User-friendly mobile interface
- Transparent fee structure
Limitations
- Limited to specific African countries
- Some users report account restrictions
- Withdrawal processing can be slow
- Customer service response times vary
- Limited investment customization options
- Occasional technical issues reported
- No desktop/web platform
Security Features
Regulatory Compliance
Regular Security Audits
Two-Factor Authentication
Data Security
Fund Segregation
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Management Fee | 1% per annum | Applied to the total portfolio value |
| Stock Investments | 1% management fee | No additional trading fees |
| Real Estate Plans | 1% management fee | Includes property management costs |
| Fixed Income | 1% management fee | Government and corporate bonds |
| Funding (Card) | 1.4% | Credit/debit card funding fee |
| Funding (Bank Transfer) | Free | Direct bank transfer funding |
| Withdrawal | Free | No charges for withdrawals |
| Foreign Exchange | Market rate | Competitive USD/NGN rates |
Getting Started
Detailed Ratings
Final Verdict
RiseVest offers a compelling solution for African investors seeking dollar-denominated investments with professional portfolio management at competitive fees. The platform’s educational resources and community engagement stand out, though some users experience account restrictions and withdrawal delays that need addressing.