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An investing platform, Risevest, has announced to its users the shutting down of its virtual card, effective from 30th of September over unstable exchange rates.
In an email sent to users, Risevest blamed the shutdown on the challenges with the card providers, “fluctuating exchange rates, and delays in issue resolution.”
Risevest disclosed that funds left on the cards after the shutdown will be automatically transferred to Rise wallet after the service ends.
Risevest further notified that while it may be disappointing for some, the company “remains committed to developing better tools that align with the [your] evolving financial needs.”
The shutdown of Risevest’s virtual card comes months after another Nigerian fintech, Carbon shut down its virtual card service.
