Sycamore Secures SEC License, Expands into Asset Management
Nigerian fintech firm Sycamore has officially obtained a Securities and Exchange Commission (SEC) license, allowing it to operate as a fund/portfolio manager. With over ₦10 billion in assets under management, this milestone strengthens Sycamore’s position in Nigeria’s investment landscape.
What This Means for Investors
The SEC license enables Sycamore to offer regulated investment products, ensuring greater investor protection and access to diversified financial opportunities in Nigeria’s evolving market.
“Securing our SEC license represents years of commitment to building institutional-grade compliance systems. With this regulatory foundation and strong investment leadership, we are uniquely positioned to deliver both security and performance to investors navigating Africa’s complex market conditions,” said Babatunde Akin-Moses, CEO of Sycamore.
New Leadership – ARM Securities Veteran Joins Sycamore
In a strategic move, Sycamore appointed Oluwagbenga Magbagbeola—former Managing Director of ARM Securities—to lead its asset management division.
• Experience: 17+ years in capital markets
• Previous Roles: ARM Securities, FBNQuest Securities, Profund Securities
• Expertise: Developed market-resilient investment strategies amid inflation and currency volatility
“Joining Sycamore allows me to bridge traditional capital market expertise with fintech innovation. The SEC license provides a regulatory framework for what many Nigerians are seeking—secure investment diversification in uncertain times,” said Magbagbeola.
How Sycamore is Leveraging Technology for Smarter Investments
Sycamore’s proprietary investment platform integrates:
✅ Artificial Intelligence & Machine Learning for market analysis
✅ Automated Portfolio Optimization across multiple asset classes
✅ Multi-Currency Wallet—investors can hold funds in USD, EUR, GBP, and NGN
A Fintech Trailblazer in Nigeria
Founded in 2019 by Akin-Moses, Onyinye Okonji, and Mayowa Adeosun, Sycamore has achieved several key milestones:
✅ First Nigerian fintech to receive approval from the Federal Competition & Consumer Protection Commission
✅ Winner of the Nigeria Sovereign Investment Authority competition
What’s Next?
With a SEC license, seasoned leadership, and cutting-edge technology, Sycamore is set to revolutionize Nigeria’s investment sector. Investors can expect secure, AI-driven portfolio management and diversified investment solutions.
What do you think about fintech’s growing role in Nigeria’s investment space? Let’s discuss!
Nigerian fintech firm Sycamore has officially obtained a Securities and Exchange Commission (SEC) license, allowing it to operate as a fund/portfolio manager. With over ₦10 billion in assets under management, this milestone strengthens Sycamore’s position in Nigeria’s investment landscape.
What This Means for Investors
The SEC license enables Sycamore to offer regulated investment products, ensuring greater investor protection and access to diversified financial opportunities in Nigeria’s evolving market.
“Securing our SEC license represents years of commitment to building institutional-grade compliance systems. With this regulatory foundation and strong investment leadership, we are uniquely positioned to deliver both security and performance to investors navigating Africa’s complex market conditions,” said Babatunde Akin-Moses, CEO of Sycamore.
New Leadership – ARM Securities Veteran Joins Sycamore
In a strategic move, Sycamore appointed Oluwagbenga Magbagbeola—former Managing Director of ARM Securities—to lead its asset management division.
• Experience: 17+ years in capital markets
• Previous Roles: ARM Securities, FBNQuest Securities, Profund Securities
• Expertise: Developed market-resilient investment strategies amid inflation and currency volatility
“Joining Sycamore allows me to bridge traditional capital market expertise with fintech innovation. The SEC license provides a regulatory framework for what many Nigerians are seeking—secure investment diversification in uncertain times,” said Magbagbeola.
How Sycamore is Leveraging Technology for Smarter Investments
Sycamore’s proprietary investment platform integrates:
✅ Artificial Intelligence & Machine Learning for market analysis
✅ Automated Portfolio Optimization across multiple asset classes
✅ Multi-Currency Wallet—investors can hold funds in USD, EUR, GBP, and NGN
A Fintech Trailblazer in Nigeria
Founded in 2019 by Akin-Moses, Onyinye Okonji, and Mayowa Adeosun, Sycamore has achieved several key milestones:
✅ First Nigerian fintech to receive approval from the Federal Competition & Consumer Protection Commission
✅ Winner of the Nigeria Sovereign Investment Authority competition
What’s Next?
With a SEC license, seasoned leadership, and cutting-edge technology, Sycamore is set to revolutionize Nigeria’s investment sector. Investors can expect secure, AI-driven portfolio management and diversified investment solutions.
What do you think about fintech’s growing role in Nigeria’s investment space? Let’s discuss!