Africa’s leading online brokerage firm, Bamboo Systems Technology Limited, announced today that it had been granted a digital sub-broker license from Nigeria’s Securities & Exchange Commission (SEC).
This license allows the company to operate in the Nigerian capital market and to include Nigerian securities on its platform.
SEC’s issuance of the license to the investment platform ensures oversight of the relationship with its sponsoring broker, Lambeth Capital, while empowering it to enter into partnerships with multiple brokers to serve its clients.
The license will also enable the platform to deepen its relationships with financial service providers to offer its API services.
Read also: Court temporarily unfreezes Bamboo accounts to enable the fintech pay salaries
“We are thrilled to reach this important milestone and are fully committed to our obligations as a registered digital broker. Since the launch, we have worked daily to provide the best technology solutions, backed by industry best practices, to allow Nigerian retail investors to access an unprecedented number of digital securities to build long-term wealth.
We are grateful for our collaboration with the SEC, which has shown its dedication to protect investors while allowing for innovation to flourish,” said Richmond Bassey, CEO and Co-founder.
About Bamboo
Founded in early 2019 by Richmond Bassey and Yanmo Omorogbe, Bamboo is a digital investment platform that provides real-time access to buy, hold, or sell stocks.
Bamboo users can invest fractionable amounts in their favourite publicly listed US companies, from Tesla to Apple, ETFs, mutual funds, or fixed-income products. For users who are new to investing, Bamboo offers a wide range of educational materials, from investment guides
Read also: How Bamboo is Helping Nigerians Earn in Dollars Through Foreign Investments
The startup’s mobile app gives you unrestricted access to over 3,000 stocks listed on the Nigerian and US stock exchanges.
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