Risevest, affectionately known as “Rise,” stands as a digital dollar asset manager, facilitating a connection between Nigerians and foreign investments encompassing Fixed Income, US Real Estate, and US Stocks. In this comprehensive review, we’ll delve into the intricacies of using Risevest, covering the realms of investment, fund withdrawal, and beyond.
At its core, Risevest operates as a personalized investment manager and advisor. What sets it apart is the absence of a human manager; instead, an intelligent app resides within your mobile phone, steering your investment journey.
Risevest strategically invests in lucrative enterprises such as Google, Alibaba, Apple, Tesla, and others. Essentially, the platform serves a dual purpose for its users:
- Fund Management: Risevest assumes the role of a fund manager, sparing users the complexity of choosing individual stocks. It takes charge of your funds, investing on your behalf.
- Diverse Investment Products: Having seized control of your funds, Risevest presents three distinct investment products. Users can tailor their investments based on risk tolerance and expected returns.
What is Risevest, and how does it work?
Picture this: a personal investment manager and adviser living right inside your mobile phone. That’s Risevest for you. It acts as a digital guide, helping you invest in dollar-denominated assets with a promise of safe and consistent returns over different time frames—be it 4 months, 6 months, or a year. Risevest takes the wheel by acting as both a fund manager and a provider of three distinct investment products tailored to your risk appetite.
Is it safe to use Risevest?
Security is a top priority, and Risevest takes it seriously. The app and its systems adhere to the same stringent security standards as top-tier banks worldwide. Regulated by the Security and Exchange Commission (SEC) and managed by ARM trustees, Risevest also boasts a founder registered as an investment adviser by the United States SEC.
Who is the owner of Risevest?
Meet the brains behind Risevest—Eleanya Eke Urum and Bosun Olanrewaju. Urum, a co-founder of Buycoins crypto exchange, serves as the CEO, while Bosun, a former fellow at Andela, operates as the CTO.
Risevest Mobile App Download
Ready to embark on your investment journey? Simply register and download the Risevest mobile app from the Google Play Store for Android users or the Apple App Store for iOS users.
Investments on Risevest
Now that you’re armed with the app, it’s time to explore the investment options Risevest has to offer. Choose from three asset classes, with a minimal investment starting at just $10.
Fixed Income (Low Risk)
Invest in Eurobonds, offering a fixed amount of interest within a specified period—3, 6, or 12 months. Ideal for low-risk appetites, Fixed Income ensures more guaranteed returns.
Real Estate (More Risk, More Reward)
Dabble in high-demand commercial properties with Real Estate investments. While riskier due to external factors like pandemics, the potential return on investment is higher compared to Fixed Income.
Stocks (Highest Risk, Highest Reward)
For the bold and ambitious, Stocks present the highest risk but also the possibility of substantial returns. Double your money within 12 months or face the challenge of market fluctuations.
Funding Your Risevest Wallet
Before you can dive into investments, you’ll need to fund your Risevest wallet. The minimum deposit is $10, and you can choose from various funding options, including naira bank transfer, crypto wallet, naira debit card, direct debit, and USD credit card.
How to Invest on Risevest
Once your wallet is loaded, creating an investment plan is the next step. Click on ‘create an investment plan’ from your dashboard, choose an asset class, set your duration, and input the amount you want to invest. The minimum investment on Risevest? Just $10.
How to Withdraw Funds from Your Risevest Account
When your investments mature, it’s time to reap the rewards. Follow these steps to withdraw funds to your local bank account:
- Click on ‘Account’ from your dashboard.
- Select ‘Bank & Cards’ and add your bank account details.
- Press the ‘Withdraw’ button, choose your bank details, input the withdrawal amount, and provide your transaction PIN.
Note: Withdrawals take 3 to 5 working days due to the international nature of Risevest investments.
Risevest Transaction Fees and Service Charges
Understand the fees before diving in. Risevest charges service fees based on the percentage of returns earned:
- Below 10% returns: No fee
- 10% to 15% returns: 1.5% fee
- 15% and above returns: 2% fee
Where is the Risevest Head Office Located?
For those who prefer face-to-face interactions, Risevest has a physical office at 358 Herbert Macaulay Way, Yaba, Lagos State, Nigeria.
Conclusion
Risevest emerges as a viable option for Nigerians seeking foreign investment opportunities. With a user-friendly app, a range of investment options, and stringent security measures, it opens doors to a world of financial growth.
Frequently Asked Questions (FAQs)
- Is Risevest safe for investments?
- Absolutely. Risevest adheres to top-tier security standards, regulated by the SEC, with a founder registered as an investment adviser by the United States SEC.
- What are the risks associated with Real Estate investments on Risevest?
- Real Estate carries higher risks due to external factors like pandemics. However, the potential return on investment is also higher compared to Fixed Income.
- How long does it take for withdrawals to be processed?
- Withdrawals take 3 to 5 working days due to the international nature of Risevest investments.
- Can I invest in Risevest with less than $10?
- No, the minimum investment on Risevest is $10.
- What happens if my investment earns below 10% returns?
- Risevest does not charge a fee for returns below 10%.
