Bamboo, a Nigerian online share trading startup, has commenced operations in South Africa to enable citizens of the Southern African country to invest in United States stocks directly from their smartphones.
The expansion follows Bamboo’s acquisition of a financial services provider licence from the South African Financial Sector Conduct Authority (FSCA). This development adds South Africa to Bamboo’s operational portfolio in Ghana and Nigeria.
Richmond Bassey, CEO and Co-Founder of Bamboo said South Africa’s solid investment culture and regulatory framework were key in the startup deciding to to set up shop in the country.
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