Risevest is an online platform that allows you to save your money in US dollars and grow your wealth through dollar-denominated investments.

Saving your money in US dollars is a good idea you should consider now, this will keep your funds safe from devaluation as seen with the Nigerian naira over the last years.

Ponzi and scam schemes are gradually becoming the order of the day. This makes individuals wary about an investment of any type and it has affected the financial growth of individuals over the years.

This Nigerian-dollar investment financial platform enables individuals to earn passive income by investing in several ranges of financial assets which allow their money to work for them.

RiseVest

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Once you complete your Risevest account sign-up, you can select any dollar-denominated investment plan you are interested in.

This can be the asset class that includes US real estate, Eurobonds, and US stocks and you can decide to have a mixture of them.

Then, you can proceed to set a duration period for the investment, this can be 3, 6, or 12 months.

You can now find your plans by choosing an automatic renewal payment or one-time payment using a bank account or naira card. Once you have completed the investment process, especially with the low-risk real estate products, sit back and watch as your wealth grows.

PROS

Risevest provides investment opportunities for Nigerians to grow wealth by investing in foreign investment opportunities such as US stocks, bonds, securities, real estate, etc.
There exist a club that provides up-to-date guidelines, information, and management on investment opportunities.
It allows you to achieve your financial goals by investing your funds in high-quality financial assets.
The platform allows you to choose from any of its investment plans/products depending on the risk level you can take.
It is safe, secure, and legit as well as uses bank-level encryption to secure your investments.
Your fixed income and real estate investment plans are tied to low and medium levels of risk.
On Risevest, you can invest towards a goal, be it vacation, retirement, studies, health, etc.
It allows you to reach your investment goals and objectives by investing your funds into dollar investment plans for you.

CONS

It takes a longer period before withdrawals can be made because your money has to be
converted, processed before it settles in your account.
It charges too many management fees on investments – it charges 1.4% – 1.5% on naira deposits, and 2.9-3.9% on dollar deposits.
The market is susceptible to uncontrollable market forces. This might lead to loss of funds even though there are financial experts.
The stocks are tied to a high level of risk.
Users cannot trade by themselves on the platform.

HOW TO GET RISEVEST

Whether you are a beginner or an expert in investment, this investment provider gives you the opportunity to invest in global dollar assets.

All you have to do is go to the Risevest website to sign up or you can visit your PlayStore or AppStore depending on whether you use an Android or iOS mobile device.

Download and install the app on your mobile phone and proceed to register or sign in.

You will be required to fill in your details as well as your bank details to verify your identity. You will also need to upload a soft copy of some documents such as a government-issued ID, utility bill, etc.

FEATURES OF RISEVEST

The following are the key features of Risevest;

Rise Vest is a digital platform that allows you to invest in dollar-denominated assets such as US stocks, Eurobonds, etc to make adequate dollar returns on investment.

The minimum investment amount is about $10.

Your account can be funded continuously or one time.

Risevest has an investment club that houses investors, beginners, financial experts, and individuals who are willing to give newbies great financial advice and guide them on good investment plans.

The returns on investment are 13-15% per anum.

All the stock investment products on Risevest are insured by the United States Securities Investment Protection Corporation (SIPC) for up to $500,000.

RISEVEST FAQs

IS RISEVEST SAFE?

Risevest is safe and completely secure. The platform uses bank-level encryption to ensure the security of your investments to avoid any form of cybercrime or fraud.

They are also insured by the Securities Investment Protection Corporation (SIPC) for up to $500,000.

WHAT IS THE DIFFERENCE BETWEEN RISEVEST AND OTHER PLATFORMS?

Unlike other digital investment platforms such as Bamboo, Chaka, WealthNg, etc. which offer a wide range of local and foreign investment options. The Risevest in addition to allowing its users in Nigeria to invest in dollar-denominated investment products such as real estate, US stocks, etc, you can decide not to invest and keep your money saved in US dollars.

CAN I USE RISEVEST AS A BEGINNER?

Yes. You can use the platform as a beginner. This digital investment provider has a club with financial experts, beginners, and everyday people. Financial experts provide information about the market and the best investment opportunities, especially for beginners.

HOW MANY ASSET PLANS DOES ARE AVAILABLE ON RISEVEST?

It has 3 asset investment plans. They include stocks, real estate and fixed income. Stocks are associated with a higher level of risk. Your investment is based on stocks around the US markets and they have annual returns of up to 14%.

As for Real Estate, your investments are tied across rented properties in the US, unlike stocks it has a medium level of risk with annual returns of up to 14% as well.

The fixed income has the lowest level of risk associated with it, these are investors who just want to keep their money for a specific period of time with an annual rate of up to 10%.

CAN I TRADE ON RISEVEST?

No, you can not trade or pick securities by yourselves. The platform is an online wealth manager. They manage the selected portfolios for their users through the app.

HOW CAN I FUND/DEPOSIT ON MY RISEVEST ACCOUNT?

Once you are done with your account registration and identity verification, you will see a “Add money” tab on your account dashboard, click on it, and then you can fund your wallet by choosing any of the payment options available.

Once your deposit has been confirmed, click on ‘Create an investment plan and then select any investment options you want.

WHAT ARE THE PAYMENTS OPTIONS AVAILABLE ON RISEVEST?

You can deposit funds in your wallet using the following payment methods; naira debit cards, bank transfer, crypto, and a credit card or through a USD debit card.

There is also a US bank account if you want to send money to your wallet through a dollar-denominated account.

HOW DO I WITHDRAW FROM RISEVEST?

This is how you can withdraw from Risevest to your naira account:

Go to Plans on your account dashboard.
Go to Withdraw to Wallet.
Send Money.
Send Money to the Naira account and Proceed.

HOW LONG DOES IT TAKE TO WITHDRAW FROM RISEVEST?

It takes about 3-5 business days to get your withdrawals from Risevest into your naira bank account.

This is usually because your US invested funds will take time to be liquidated, converted as well as processed. However, your withdrawals are processed within 24 hours.

CAN I WITHDRAW DOLLARS FROM RISEVEST?

Yes, you can withdraw dollars from Risevest if you fund your wallet with dollars.

Alternatively, contacting the support team can give you an idea of receiving your funds in USD.

HOW CAN I CONTACT RISEVEST?

You can contact this digital investment provider by visiting their website to contact their customer service.

You can as well visit their office at 358 Herbert Macaulay Way Yaba 101245, Lagos, Nigeria.

Risevest is one of the digital investment platforms helping individuals reach their investment goals and objectives by ensuring that they use their financial experts who study the market to manage their investors’ accounts and grow wealth for them through the App.

It has a suite of features that makes them flexible for beginners and people who have no time to trade by themselves. It invests your funds in dollar-denominated financial assets that allow you to make dollar profits and returns on your invested naira.

Saving your money in US dollars is a better idea than doing that for a long time in naira as it keeps your funds secured from the depreciation associated with the Nigerian currency.

Nevertheless, having shared savings accounts could be helpful as it might be much easier and faster to withdraw from a naira-denominated savings account in a time of emergency.

And when you decide to start putting some money aside for USD savings, Risevest should be one of those platforms you should consider for its range of features geared towards making savings and investments flexible for everyone.