Fintech Secures SEC License, Manages ₦10 Billion in Assets, and Appoints Investment Veteran

By: Bisi Adele, The Naija247news

Date:

March 17, 2025

LAGOS, Nigeria – a Nigerian fintech firm managing over ₦10 billion in assets, has secured a Securities and Exchange Commission (SEC) license to operate as a fund and portfolio manager. Alongside this milestone, the company has appointed Oluwagbenga Magbagbeola, former Managing Director of ARM Securities, to lead its asset management division.

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The SEC approval places Sycamore among a select group of regulated investment firms in Nigeria, reinforcing its commitment to institutional-grade compliance. Sycamore Group CEO Babatunde Akin-Moses emphasized the significance of this achievement, stating, “With this regulatory foundation and Oluwagbenga’s expertise, we are uniquely positioned to deliver performance and security to investors navigating Africa’s complex market conditions.”

Magbagbeola, bringing 17 years of capital markets experience, sees the SEC license as a critical step toward providing protected investment diversification during economic uncertainty. His track record includes developing investment strategies that performed against market benchmarks, even during currency volatility and inflation.

Sycamore’s AI-driven investment platform is another pillar of its growth strategy. Co-founder and COO Mayowa Adeosun highlighted the use of machine learning and artificial intelligence to optimize portfolio allocations across multiple asset classes, ensuring data-driven investment strategies tailored to Nigeria’s dynamic market.

The company’s new Multi-Currency Wallet allows investors to hold and manage funds in USD, EUR, GBP, and NGN, offering a regulated currency diversification solution for Nigerian investors. This feature enhances Sycamore’s mobile app, providing institutional-grade portfolio analytics, risk exposure insights, and growth tracking tools.

With ₦10 billion in assets under management, an SEC-regulated status, and an expanded suite of investment tools, Sycamore is positioning itself as a leader in Nigeria’s evolving fintech investment space.

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Bisi Adele, The Naija247news https://naija247news.com/

Bisi Adele: Illuminating Stories with Insight and Precision Senior Correspondent | Naija247news.com Overview: Bisi Adele is a seasoned Senior Correspondent at Naija247news.com, renowned for her skillful storytelling and comprehensive coverage of diverse news topics. With a passion for investigative journalism, Bisi navigates the intricate landscapes of current affairs with a commitment to delivering accurate, thought-provoking, and engaging news pieces. Professional Journey: Bisi's journalistic journey is marked by a dedication to uncovering untold stories and providing in-depth analyses. Joining Naija247news.com, she has consistently demonstrated a keen awareness of the pulse of current events, ensuring that her reporting reflects a deep understanding of the socio-political landscape. Areas of Expertise: Specializing in investigative reporting, Bisi Adele is adept at unraveling complex narratives. Her expertise spans a wide range of topics, including politics, social issues, and human-interest stories, making her a versatile and valued Senior Correspondent. Contributions: Bisi's contributions to Naija247news.com go beyond the surface, offering readers nuanced perspectives and insights. Her thought-provoking articles and in-depth analyses contribute significantly to the platform's reputation for reliable and informative news coverage. Educational Background: Bisi holds a degree in Journalism, complemented by continuous learning in investigative reporting techniques. Her educational foundation equips her with the skills needed to delve deep into stories and present them in a compelling manner. Health and Meds Journalism: Adding a unique dimension to her expertise, Bisi collaborates with Akinlabi Bisola, a distinguished health and meds journalist with a deep background in Public Health Education. Akinlabi holds a B.Sc in Health Education and a Masters in Public Health Education. Readers can explore their health-related articles on Akinlabi's website [thelbybisola.com](#). Innovation and Engagement: In an era of evolving media dynamics, Bisi Adele embraces innovation and audience engagement. Leveraging digital platforms and emerging storytelling techniques, she ensures that her stories resonate with a diverse audience, fostering meaningful conversations. Awards and Recognition: Bisi's dedication to journalistic excellence has earned her recognition in the form of awards. Her notable contributions to reporting have not only enriched Naija247news.com but have also left a lasting impact on the journalism landscape. Vision for the Future: Looking ahead, Bisi Adele envisions a future where journalism continues to be a catalyst for positive change. Her commitment to uncovering truth, amplifying unheard voices, and contributing to a more informed society underscores her vision for the evolving landscape of news reporting. Connect with Bisi Adele: - LinkedIn: [Bisi Adele](#) - Twitter: [@BisiAdele_N247](#) In the vibrant world of journalism, Bisi Adele stands as a beacon of journalistic integrity, combining experience, expertise, and a forward-looking vision to illuminate the path of understanding for a global audience.

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