Nigerian investment solutions providing platform, Risevest has notified users of the shuttering of its virtual card.
According to the company, the cards will cease functions effective from the 30th of September.
The notice was served via an email sent to users.
Risevest in the email blamed the shutdown on the challenges with the card providers, “fluctuating exchange rates, and delays in issue resolution”.
The fintech startup disclosed that funds left on the cards after the shutdown will be automatically transferred to users’ Rise wallets.
The shutdown of Risevest’s virtual card comes months after another Nigerian fintech, Carbon shutdown it’s virtual card service.
Risevest however has urged its customers to not be distressed by the shutdown as the company “remains committed to developing better tools that align with the [your] evolving financial needs.,”