Nigerian fintech Sycamore has secured a licence from the Securities and Exchange Commission (SEC) in Nigeria, enabling it to operate as a fund and portfolio manager.
Having secured an SEC licence, Sycamore says it can now deliver performance and security to investors navigating Africa’s complex market conditions. “Securing our SEC licence represents the culmination of years of building institutional-grade compliance systems that protect investor interests,” said Babatunde Akin-Moses, CEO of Sycamore Group.
Sycamore has also appointed Oluwagbenga Magbagbeola, a former MD at ARM Securities with 17 years of capital markets experience, to lead its asset management arm. At ARM Securities, Magbagbeola led the development of investment strategies that consistently performed against market benchmarks during challenging economic cycles, including Nigeria’s recent periods of currency volatility and inflation.
“Joining Sycamore allows me to bridge traditional capital markets expertise with fintech innovation at precisely the right time,” explained Magbagbeola. “The SEC licence creates a regulatory framework for what many Nigerians are already seeking – protected pathways for investment diversification during economic uncertainty.”
The company’s recently upgraded mobile app transforms how clients manage their investments. Through an intuitive dashboard, investors can now access institutional-grade portfolio analytics that provide clear visibility into performance, risk exposure, and growth opportunities.
One feature is the new Multi-Currency Wallet, which addresses clients’ needs for currency diversification by allowing users to hold and invest funds across USD, EUR, GBP, as well as NGN. This capability, backed by Sycamore’s SEC-licensed status, provides investors with a regulated channel for managing currency exposure.
Mayowa Adeosun, co-founder and COO at Sycamore, also discussed the fintech’s technology infrastructure: , “Our proprietary investment platform represents years of innovation in applying financial technology to local market conditions. We’ve leveraged artificial intelligence and machine learning to analyse market trends and optimise portfolio allocations across multiple asset classes, resulting in more responsive investment strategies tailored to Nigeria’s dynamic market conditions.”
