Risevest Introduces New Mutual Funds and Business Accounts

Risevest, Nigeria’s leading digital investment platform, is set to launch three mutual funds on its app and a new product called Rise Business. At an event in Lagos themed ‘The Ascent’, Product Manager Ebube Ilo announced that the mutual funds will focus on growth, liquidity, and income.

The Risevest Naira Equity Fund will invest in Nigeria’s strongest listed companies across six sectors, while the Risevest Dollar Fund will include low-risk, dollar-denominated investments. The Risevest Money Market Fund will focus on short-term, low-risk instruments.

All funds will be managed by RV Fund Management Limited, with United Capital Trustees as the trustee and First Bank of Nigeria as the custodian. Additionally, Rise Business will provide Nigerian companies with multi-currency accounts, allowing them to manage payments and currency conversions across borders.

This product aims to support importers, exporters, and small businesses in their financial operations.