Sycamore secures SEC licence, appoints new asset management head
- Sycamore secured a fund and portfolio management license from the Securities and Exchange Commission (SEC).
- Oluwagbenga Magbagbeola was appointed to lead Sycamore's asset management division.
- Sycamore now manages over ₦10 billion in assets, marking a significant expansion.
TechCabal - Mar 17, 2025
Nigerian lender Sycamore expands into asset management with SEC licence
Sycamore, a Nigerian digital lender, has secured a fund manager license from the SEC, marking its ex
Sycamore's recent achievements highlight the growing importance of regulatory compliance and technological innovation in the fintech sector. As the company navigates Nigeria's complex economic landscape, its focus on investor protection and adaptive strategies could serve as a model for other firms in the region. However, the effectiveness of these strategies will ultimately depend on the execution and market conditions.
