Bamboo, a digital investment platform that gives users real-time access to buy and trade US stocks, has acquired a U.S. broker-dealer license.
This accomplishment makes Bamboo the first financial institution from Nigeria to achieve such a feat, further solidifying its leadership in Africa’s wealth management landscape.
In an email announcement, Bamboo revealed that this license will enable it to power its mission to give Africans the ability to invest in anything from anywhere in the world.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Part of the announcement reads,
“Bamboo Securities LLC will power our mission to give Africans the ability to invest in anything from anywhere so they can dream, invest, and live out those dreams. It allows us to extend our B2B product offerings by collaborating more with licensed broker-dealers across Africa and businesses that want to enhance the value proposition to their users by giving them access to invest in U.S. securities.”
Bamboo’s U.S. broker-dealer license represents a monumental step forward for African investors. It opens doors to global markets, empowers financial inclusion, and positions the continent for economic growth and wealth creation. This achievement is not just a win for Bamboo but a significant leap for Africa’s fintech industry.
With projections indicating a 30% growth in private wealth across Africa by 2030, Bamboo is well-positioned to facilitate this growth. By offering access to U.S. markets, the company empowers individuals and businesses to diversify their portfolios, create wealth, and contribute to economic development.
Bamboo’s securement of a U.S broker-dealer license is coming after the investment platform in October this year launched a remittance app, ‘Coins by Bamboo’, to facilitate money transfers from the diaspora to Africa. This product marked the platform’s first step beyond its primary investment business into facilitating cross-border transfers, providing seamless fee-free transfers and competitive exchange rates for Africans to send money internationally.
Launched in January 2019 by CEO Richmond Bassey and COO Yanmo Omorogbe, Bamboo has revolutionized digital investing for Africans. Around the world, investing is a trusted and sustainable path to building long-lasting wealth. Unfortunately, in Africa, investing is making the majority poorer because they are limited to local capital markets that are volatile and currency returns that are negatively adjusted by inflation and devaluation. Worst still, most Africans are not investing because they don’t know how to invest or what to invest in.
Bamboo through its platform has solved this challenge, by providing an online brokerage service that gives Africans real-time access to global investment options. The platform provides both retail investors and institutions real-time access to the US Stock market, other global capital markets, and investment products that provide real, inflation-adjusted returns. Through its cutting-edge platform, Bamboo is dedicated to fostering long-term wealth-building for Nigerians.