₦airaland Forum

I have always wanted to invest with risevest but there fees are high and so unnecessary. Asides that the dollar rate is parallel market, it is not supposed to be, doesn't make sense. What if naira drops again tomorrow, you would have lost more than you should have gained.

Bridget001:
Notes on Risevest
ABOUT THE COMPANY
Risevest is a digital asset manager that connects Nigerians to dollar denominated investments around the world:
1) Euro.bond
2)US Real Es.tate
3)US Stocks

-Was formerly Cashestate from March 2019 which was only real estate. In November 2019 new options like Eurobond and US stocks were added and relaunched as Risevest.

-Risevest is registered with the Corporate Affairs Commission as Rise Vest Technologies Limited with RC number 1622382 and provide financial services under a Lagos State Cooperative License number LSCS 17080.

-Risevest are also registered investment advisors with the United States of America securities and exchange commission as Rise wealth Advisors with CRD number 306658.

-Risevest operates in Nigeria and is open to Nigerians anywhere in the world that have BVN.

-Here is their latest stocks performance https://rise.capital/blog/stocks/performance-update-oct-2020/

INTEREST RATES OFFERED
1) EURO.BOND: 10-12% p.a.ROI(Return Of Investment)

2) US REAL ESTA.TE: 13-15% p.a.

3) US STO.CKS: 12-14% p.a. ROI. Last year record.ed 27% .
Made up of 20+ high growth sto.cks. You don't need a dom account for it. You can fund in dollars or naira which becomes dollars on the app.
-You can also withdraw in naira or dollars.

-You can invest for 3, 6 or 12mon.ths and rollover to com.pound your interest.
-Minimum investment is $10 and you can top up your inves.tments at any time.

FEES
1)Management Fees:
No fees on investment with returns below 10%.
1.5% on investment with returns between 10% and 15%.
2% on investment with returns above 15%.
The management fee is charged annually after your investment matures not before.
2) Withdrawal Fees
-NGN 35 transfer fee charged for withdrawals into bank accounts.
-And 5% withdrawal penalty fee charged on all withdrawals made from a locked (yet to mature) plan.

3) Transaction Fees
- No transaction fee if you transfer to your Risevest unique Providus Bank Account on the app.
-Card Payments:
NGN Cards: From 1.4% to (1.5% + NGN 100) per transaction and capped at NGN 2000.
USD Cards: From 2.9% to (3.9% + NGN100) per transaction.

ACCESS/INVESTMENT CHANNELS
Risevest is available on Android and iOS.

SUSTAINABILITY
Risevest seems sustainable having been in business for 1+years and having successfully completed two accelerator programs; LABS powered by ARM in Lagos, and Techstars & Western Union accelerator in Denver, USA.

KEY EXECUTIVES
-About Risevest--https://rise.capital/about-us
- Eke Urum: Founder and CEO,
https://www.linkedin.com/mwlite/in/ekeurum
-Bosun Olanrewaju: Co-founder and CTO,
https://www.linkedin.com/mwlite/in/bosunolanrewaju
-Tony Odiba: Co-founder and Data Analytics,
https://www.linkedin.com/mwlite/in/odiba-anthony

-Eke Urum was the cofounder of Buycoins

COMPANY FAQ
http://help.rise.capital/en/

INSURANCE
-Risevest claims that "as an investment firm, your investment are insured by the US government for up to $500,000 and all other investments are held by our SEC registered trustees to ensure security and safety. With our cooperative license with the Lagos state government, your investment with us is recorded and audited by the state. In the event of a liquidation the users account is credited with their investment."

LIMITATIONS
-- You can liquidate your investment at any time but doing so before maturity may cost you 5% penalty fee.
-- You can't select individual stocks, they do it for you.

SECURITY AND REGULATION
Their SEC registered trustees, ARM Holdings Limited monitors and maintains investments to ensure peace of mind for users and guarantee the integrity of assets and investment process. App features PCI-DSS (bank level) security to protect investments from unauthorized access.

SUMMARY
-Pros
-- It seems to belong to a stable company that has been running business for a while.
-- The owners are visible online and can be contacted and held accountable if Risevest has hiccups.
-- Safety from naira devaluation because of the dollar investment opportunities.
-- Telegram group where investors get to interact with one another and the admins including the CEO. Financial edu.cation is also shared there.
-- Monthly investors' zoom meeting.
-- You can liquidate your investment at any time.
-- This looks like a low to high risk investment, considering the range of assets that someone can invest in.
-- Diversification: Ability to invest in Euro.bond, US real estate and stoc.ks.

Cons
-- Only available on Android and iOS. Not on web yet.
-- Withdrawal takes 3 to 5 working days before it lands in your account because investments are in US and have to go through a process.

Happy Investing!

If you want to invest with Risevest kindly use my referr.al code: MISF3KC8

How long does it take investment one to complete registration. It's over a week now since they said they will notify me if my registration was successful

Anwons:
I want to invest in MBA come January 2021.

don't waste your money. I have been receiving steady roi since August until this month, 3 days ago when I tried withdrawing on the old online platform. Up till today I never receive shishi. Normally it doesn't take more than 24hrs to get payment but now, I think those guys have crashed. They keep making promises to pay since November I think but nothing. Don't be fooled by some saying they have been paid. They have no proof.

At one time, some claimed they had issues with cbn and banks, that's why offline investors were not getting paid while we the old online platform investors were being paid howbeit through flutterwave. But as it stands now that they no longer pay us, is it CBN or the banks that is holding flutterwave or our money now? Those guys have crashed, only God can help us get our capital back. They are frauds.

Haha i saw what you did there. Trust the process, things will bounce back. Fixed income market will bounce back.

PHOTSEE:
Please, Opzyyy can you update me with the following
1)nflation rate%
2)NTB tennor rate
91 days
182 days
365 days
3)FBN Savings bond coupon rate
4)Mutual market fund rate

thank in advances

PHOTSEE:
Hope opening of border and releasing of 2021 budget will have a positive effect on MPR?

Mpr is now 11.5 what else do you want

Eggovic:
Per month?

daily (.08*amount*1/365)

MikaelDare:
That's not true.
They're NDIC insured. you can Google it.
no need discrediting a platform just to advertise your own platform.

don't mind him. And vbank interest is 7.25, piggy is 8, used to be 10

Someone should guide me please. I want to roll over in January after current plan expires. I am using the old platform and I can't find a roll over option. I noticed on the new platform, they have changed it to "manage investment" before you can log in. What do I do? Should I withdraw all capital after last interest, then register on the new platform anf manage investment?

.

Yeah it entered this morning.

Adebek:
Relax bro, I also initiated withdrawal yesterday and I got my alert today. It was not up to 24hrs so no need to exercise any form of fear.

I initiated 4th withdrawal since morning online. Mba has not paid. It was never laidis o

RosyIsBlessed:
U don't need to agree first before it becomes true. Banks are using people and government to exploit MBA and promote unnecessary panic to deter people from investing. Take that from a good source. Tho it doesn't rule out the fact that some pained niggas who don't have the required money to invest are also part of the haters.

Since I started, my bank be telling I qualify for loan. What loan? Thunder fire them.

Opzyyy:
I just made my 3rd withdrawal. I hope I get paid before tomorrow. Gratias mba. We move with enjoyment.

Got paid today

blingxx:
Pls how do I join?

Please go through the thread

I just made my 3rd withdrawal. I hope I get paid before tomorrow. Gratias mba. We move with enjoyment.