Finding a trusted platform to invest in foreign assets has become essential, especially in Nigeria, where inflation and Naira devaluation affect purchasing power. That’s where Risevest comes in.
This guide will help you understand how Risevest works, how to get started, and whether it’s the right investment platform for you. We’ll also explore how to make money on Risevest, compare it to similar platforms like Piggyvest, and answer the popular question: Is Risevest legit?
What Is Risevest?
Risevest is a Nigerian-based digital investment platform that allows users to invest in dollar-denominated assets such as U.S. stocks, real estate, and fixed income. Its main selling point is making international investing accessible to everyday Nigerians.
Founded in 2019 by Eke Urum, the Risevest founder envisioned a future where Nigerians can preserve and grow wealth despite local currency volatility.
With a clean interface, low entry barriers (as low as $10), and SEC-regulated investment partners in the U.S., Risevest investment options are designed to offer long-term stability and consistent returns.
How Does Risevest Work?
If you’re wondering how Risevest works, here’s a step-by-step explanation:
1. Account Creation
To start, download the Risevest app (available on iOS and Android) and create an account using your email, phone number, and a valid ID for KYC (Know Your Customer) verification.
2. Choose an Investment Plan
Risevest offers three core investment portfolios:
- Stocks: Invest in top-performing U.S. companies like Apple, Google, and Tesla.
- Real Estate: Pool money with other users to invest in stable rental properties.
- Fixed Income: Low-risk bonds and treasury instruments with consistent returns.
You can either invest manually or set up automated plans based on your risk appetite.
3. Fund Your Wallet
You can fund your Risevest wallet using your Naira debit card or bank transfer. The amount is automatically converted to USD at the prevailing exchange rate.
4. Start Investing
Once funded, allocate money to any of the three portfolios. The Risevest team of experts actively manages your investments.
5. Track & Withdraw
You can monitor your returns in real-time. Withdrawals can be made in Naira and typically take 1–3 working days.
How to Make Money on Risevest
Many users ask, how to make money on Risevest? Here’s the breakdown:
- Capital Gains: Earn profits from the increase in value of your investments.
- Dividend Income: Stocks and real estate investments can pay periodic dividends.
- Interest Income: Fixed income portfolios provide predictable returns over time.
- Dollar Hedge: Your money is stored in USD, preserving its value against Naira depreciation.
The key is consistency and patience. Risevest is designed for long-term investing, not quick flips.
Is Risevest Legit?
A frequent concern is: Is Risevest legit? Or, “Is Rise vest legit?”
Yes, Risevest is a legitimate investment platform. Here’s why:
- Registered in Nigeria and partners with U.S.-regulated investment firms.
- User funds are managed by licensed asset managers.
- Employs bank-grade security protocols.
- Thousands of users and growing.
- Transparent communication, especially during market volatility.
Still, all investments carry risk, so only invest what you can afford to hold for the long term.
Risevest Review: Pros & Cons
Here’s a quick Rise vest review to help you decide.
Pros:
- Easy to use
- Start with as little as $10
- Dollar investments hedge against inflation
- Transparent and well-managed portfolios
- Regular updates and educational content
Cons:
- No live chat support yet
- Investment returns can fluctuate
- Exchange rate risk at point of withdrawal
Risevest vs Piggyvest: Which Is Better?
If you’re comparing Risevest vs Piggyvest, here’s what you should know:
| Feature | Risevest | Piggyvest |
| Investment Type | Dollar-based (stocks, real estate) | Naira-based (savings, investify) |
| Returns | 8–14% annual (varies) | 5–13% annual |
| Currency | USD | NGN |
| Minimum Investment | $10 | ₦5,000 |
| Risk Level | Medium | Low to medium |
Verdict: If you want to hedge against inflation and diversify globally, Risevest is better. If you prefer low-risk savings and Naira-based returns, Piggyvest may suit you more.
Who Is the Risevest Founder?
The platform was founded by Eke Urum, a Nigerian entrepreneur with a background in finance and technology. His mission with Risevest was to provide international investment opportunities for Africans without the need for foreign bank accounts or brokers.
Under his leadership, Risevest has become one of the top fintech platforms in Nigeria’s investment ecosystem.
Risevest Reviews from Real Users
Many users have shared Risevest reviews across social media and app stores. Most commend the:
- Smooth user experience
- Timely portfolio updates
- Dollar stability during economic downturns
However, some users note delays in withdrawals during high demand, especially when converting USD to Naira.
Final Verdict: Is Risevest Worth It?
Risevest is a powerful tool for Nigerians looking to protect their wealth and grow money in dollars. With expert-managed portfolios, an easy-to-use app, and the ability to invest from as little as $10, it bridges the gap between local investors and global opportunities.
Whether you’re saving for the future, planning to japa, or simply tired of the Naira rollercoaster, Risevest offers a legit and promising solution.
Very useful, thank you.