Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Bamboo secures digital sub-broker license to operate in the Nigerian capital market

Nigerian invest-tech startup Bamboo has secured a digital sub-broker license from Nigeria’s Securities and Exchange Commission (SEC), allowing the company to operate in the Nigerian capital market as well as offer Nigerian securities on its platform. Founded in 2019, Bamboo is an online brokerage startup that allows Africans to

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Bamboo secures digital sub-broker license to operate in the Nigerian capital market
Photo by Nicholas Cappello / Unsplash

Nigerian invest-tech startup Bamboo has secured a digital sub-broker license from Nigeria’s Securities and Exchange Commission (SEC), allowing the company to operate in the Nigerian capital market as well as offer Nigerian securities on its platform.

Founded in 2019, Bamboo is an online brokerage startup that allows Africans to invest in real-time in local and foreign asset classes. Users can invest fractionable amounts in their favourite publicly-listed US companies, ETFs, mutual funds, or fixed-income products.

In a statement by the brokerage startup, "SEC’s issuance of the license to Bamboo ensures oversight of the relationship with its sponsoring broker, Lambeth Capita"

Moreover, the license will enable the company to enter into partnerships with multiple brokers and offer its API services to financial service providers. It will also allow the firm to deepen its relationships with financial service providers.

The collaboration with SEC will allow Nigerian retail investors access to an unprecedented number of digital securities on the Bamboo platform, including local securities trading on the Nigerian Exchange Group.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More