Bamboo Becomes First Nigerian Fintech to Acquire U.S. Broker-Dealer License

Bamboo Becomes First Nigerian Fintech to Acquire U.S. Broker-Dealer License

Nigerian fintech Bamboo has made history by becoming the first financial organization from Nigeria to acquire a U.S. broker-dealer license through its affiliate, Bamboo Securities LLC.

Why it matters

This milestone underscores Bamboo’s mission to empower Africans to invest in global markets, breaking barriers and creating new opportunities for individuals and businesses across the continent.

What’s new

• Bamboo Securities LLC will enhance Bamboo’s ability to provide access to U.S. securities for African investors, fueling its mission to enable investments “from anywhere, in anything.”

• The license opens the door for Bamboo to collaborate with licensed broker-dealers across Africa and extend its B2B offerings to businesses aiming to offer U.S. investment opportunities to their users.

What they’re saying

“This is a massive win for us, and it’s all thanks to the trust you’ve placed in us over the last five years,” Bamboo shared in an email announcement.