Sycamore Obtains Nigerian SEC Asset Management Licence

On Mar 18, 2025

Sycamore, a Nigerian digital assets management company, has officially secured an asset management licence from the Nigerian Securities and Exchange Commission (SEC).

The Nigerian Securities and Exchange Commission has granted fintech @SycamoreNG a licence to operate as a fund and portfolio manager. https://t.co/6eKJ2GtlLi pic.twitter.com/mTh0MbojmP

— The Fintech Times (@thefintechtimes) March 18, 2025

The announcement was made in a company statement with reposts on their X handle.

SEC Licence Empowers Sycamore’s Fund Management Goals

The license grants Sycamore the ability to operate as a fund and portfolio manager. Highlighting the significance of this achievement, CEO Babatunde Akin-Moses stated, “Securing our SEC license represents the culmination of years of building institutional-grade compliance systems that protect investor interests. With this regulatory foundation and proven investment expertise, we’re uniquely positioned to deliver performance and security to investors navigating Africa’s complex market conditions.”

A History of Milestones

Founded in 2019 by Babatunde Akin-Moses, Onyinye Okonji, and Mayowa Adeosun, Sycamore has grown from a digital investment platform to a comprehensive technology-driven asset management firm.

The company previously gained recognition as the first Nigerian fintech to receive approval from the Federal Competition and Consumer Protection Commission (FCCPC) and also emerged as a winner in the Nigeria Sovereign Investment Authority (NSIA) competition.

Strengthening Commitment to Clients

With over N10 billion in assets under management, Sycamore emphasises a personalised investment approach tailored to each client’s needs.

According to Co-founder and Chief Client Officer Onyinye Okonji, the company underwent a stringent evaluation process to meet SEC requirements.

“This milestone reflects our commitment to operating at the highest standards of financial governance. Our team underwent a rigorous evaluation process, during which regulators examined our governance structures, risk management frameworks, and client protection mechanisms,” she said.

Positioned for Growth

The approval from the SEC places Sycamore among a select group of regulated investment firms in Nigeria, further solidifying its reputation and potential for growth in the competitive financial sector.

This accomplishment not only sets a new benchmark for the company but also reflects its dedication to ensuring secure and high-quality investment services for its growing client base.