Rise, a growing Nigerian fintech startup, has rolled out dollar investment app designed to make automated and global dollar investments possible for Nigerians from as low as $10.
Formerly known as CashEstate, Rise built the app to make automatic dollar investments in US real estate, stocks, Eurobonds possible. Rise started from a free investment club that allowed its members to invest in US stocks and US real estate from Nigeria. In doing so, the company came up with the idea to build a holistic wealth management app along with a community that offers financial guidance and long-term investment to help thousands of people stabilize their financial future.
Rise is founded by Eleanya Eke (former co-founder of crypto exchange, Buycoins) and Bosun Olanrewaju (exAndela fellow).
“Our goal is to change the way people invest in Nigeria and rest of the continent,” says Eleanya Eke, Founder, and CEO of Rise in a statement. “Our product allows you to start building a portfolio of US stocks, US real estate or Eurobonds right here from Nigeria and it automates your funding so that you can consistently invest and watch your returns grow over time. Research shows that’s the best way to invest. And we believe that to succeed with investing in the long term, everyone needs a diversified, dollar portfolio that grows over time and it is relatively immune to our local currency and market fluctuations.”
Rise has a reputable history of promoting an investment culture through its investment club founded to help Nigerians to understand money, investments and learn how to make better money decisions, he said.
According to co-founder, Bosun Olanrewaju, we already live in a global village, with ideas, information, and culture being transmitted across the world through social media and the Internet. Rise’s mission is to leverage technology to put the best investment opportunities around the world in the hands of Nigerians, regardless of where they live or what their net worth is. “We want to democratize access to the best investments around the world, and using technology, we can allow everyday Nigerians to access and invest in US and global assets just like the ultra-wealthy”, he said in the statement.
Rise is incorporated in the United States and Nigeria and invests for its users in Nigeria under a cooperative license, and its portfolio of global dollar investment options includes stocks of leading companies like Facebook, Amazon, Delta Airlines and more. It has an intuitive wallet that allows users to add their bank and cards so they can fund their plan at any time.
