Rise, an African fintech startup whose services include giving access to a portfolio of global investments, across US stocks, US real estate, and fixed-income assets, will discontinue its virtual card services on 30 September 2024.
Details
In an email to users, Rise stated that they had encountered numerous challenges with its providers as well as other issues including fluctuating exchange rates which prevented them from delivering consistent service for its virtual card feature.
What Happens Next
Risevest stated that any remaining funds on the user’s virtual card will be automatically transferred to their Rise wallet after the service ends.
Funding for virtual cards on the platform is currently disabled, and the feature will be fully removed from the app on Monday, 30th September 2024.
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