About Risevest
In life, we are faced with a number of choices, of which career choice is one of the most important. Whether you’re opting for a 9 to 5, paid employment, or choosing to go the entrepreneurial route by being your own boss, there’s one thing many of us have in common – we are all pursuing economic freedom and trying to build financial capacity to live the life of our dreams.
Unfortunately, just saving money in an era where purchasing power is constantly reducing, thanks to inflation, is not a reliable solution that works. Luckily, there is Risevest!
With a mission to connect Africans to the best wealth-creating opportunities in the world, Risevest is a digital platform that offers professionals access to a diversified and expertly managed investment portfolio for creating wealth and achieving financial freedom. They do this by protecting your hard-earned money against inflation and other economic conditions beyond our control.
The Challenge
Setting out to help people achieve their economic freedom and financial goals comes with many requirements. This is especially true for companies like Risevest, which serves highly diverse customers with different needs and preferences. To provide these customers with a positive and seamless experience, Risevest needed a payment solution that offers payment convenience and supports local & international payment methods such as USSD, Bank Transfer, and Credit & Debit Cards. Such a solution must boast world-class payment capabilities, an understanding of the local payment dynamics, and global securities standards that make customers trust Risevest and have peace of mind that their funds are in safe hands. In sum, Risevest needed Flutterwave!
The Solution
- Fintech as a Service (FaaS)
- Payouts and Collections via Pay with Bank Transfer, Mobile Money, Cards, and other payment methods.
Flutterwave’s Fintech as a Service (FaaS) reiterates the commitment to maintaining our position as a trusted and reliable enabler in Africa’s payment ecosystem. Our FaaS supports startups of all sizes in embedding financial services into their product in a matter of minutes without building out the infrastructure already built or losing control over how their products and services look or work. This is the freedom of control that Risevest opted for by choosing Flutterwave in 2020. With it, Risevest gave its customers access to an easy and intuitive payment page already optimized for the best and faster customer experience–it’s 2x easier for customers whose payment details are pre-saved. Risevest team’s utmost commitment to their mission, coupled with payment ease, flexibility, and security provided by Flutterwave, Risevest now makes convenient wealth creation and management readily available to over 620,000 customers across Africa and the US.
Promise Kept
When you have a great investment solution and a reliable partner with a world-class payment provider, you see an awesome customer experience and increased usage over time. Since choosing Flutterwave in 2020 to support its operations, growth, and marketing strategies with a reliable payment infrastructure, Risevest has successfully processed millions of dollars and has achieved an average year-on-year transaction growth rate of over 100% from 2021 to 2023.
The company has also recorded about a 98% success rate in “Pay with Bank Transfer” and expanded its operations beyond Nigeria to include three more African countries– Ghana, Kenya, Uganda, and the United States. This is another testament to how incredible vision coupled with strategic partnership can help others to Rise!
In addition, Risevest has experienced ease, security, and affordability. Their customers have enjoyed a variety of payment methods with an improved checkout experience. That has led to a drastic reduction in the drop-off rate, which the Risevest team acknowledged by saying, “We occasionally get quality insight from the Flutterwave team on best practices to follow to increase the number of successful payments. We find this extremely useful for us as we continue to grow.”
Testimonial
“Risevest has been connecting professionals to the best global opportunities, allowing them to grow their wealth in dollars easily. This helps them to confidently protect their investments against inflation and achieve their financial goals. To maintain and continue this progress, customers must conveniently fund their Risevest investment wallet using their preferred payment methods. By choosing and leveraging Flutterwave’s reach, our customers can fund their wallets from anywhere with multiple payment methods such as USSD, Cards, and Bank Transfers. So, from Nigeria to Uganda and even the US, deposits and withdrawals for customers are seamless and efficient that over 93% of them complete their journey from payment initiation to completion, without any hassle.” Tony Odiba, Co-Founder/COO at Risevest.
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