TechInAfrica – The Securities and Exchange Commission (SEC) has had its asset management license secured by Cowryrise, a Nigeria-based Wealth management startup.
The license will allow the company the rights to manage funds and investment portfolios on behalf of retail investors.
“We can now decide to even build our own mutual funds, partner with other fund and portfolio managers to digitize their operations and expand their reach to first-time investors,” Ahmed said.
Ahmed also shared its company plan to launch an API soon.
“We want to help fund managers across the world access our services and open up more investment options to serve our customers in Nigeria better.”
“Our investment API simplifies regulatory, compliance, and technical hurdles. We’ve been developing this for some time and the SEC license eliminates the regulatory obstacles to launching such a product.”