Bamboo Systems Technology, Africa’s online brokerage firm, has been granted a digital sub-broker license from Nigeria’s Securities & Exchange Commission (SEC), allowing the company to operate in the Nigerian capital market as well as include Nigerian securities on its platform. SEC’s issuance of the license to Bamboo ensures oversight of the relationship with its sponsoring broker, Lambeth Capital, while also empowering it to enter into partnerships with multiple brokers to serve its clients. The license will also enable Bamboo to deepen its relationships with financial service providers to offer its API services.
Bamboo is an online brokerage app that allows Africans to invest real time in local and foreign asset classes. Bamboo users can invest fractionable amounts in their favourite publicly listed US companies from Tesla to Apple, ETFs, mutual funds, or fixed income products. For users who are new to investing, Bamboo offers a wide range of educational materials from investment guides to a stock market course to regular events and webinars.