Nigerian investment platform Chaka secures $1.5M pre-seed after bagging country's first SEC license
Companies, agencies, institutions, etc
Robinhood
Breyer Capital
Ventures
Golden Palm Investments
Future Africa
Musha Ventures
Gallup
TechCrunch
the Nigerian Stock Exchange
NSE)
Central Securities Clearing System
CSCS
the Securities Exchange Commission of Nigeria
SEC
the US FINRA
unregistered’
Nigeria’s
Citi Investment Capital
DriveWealth LLC
ChakaAsides
priority.“As
People
Chaka
Seedstars
Robinhood
Tosin Osibodu
Chaka’s
Jim Breyer
Groups
Egyptian
American
Americans
Nigerian
Nigerians
Africans
West African
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Africa
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Nigeria
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US
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Summary
“We will provide borderless digital access to multiple solutions, and so it’s not just about Nigerians investing in the market, it’s about making the markets accessible for people locally and globally.”For the most part, Chaka has executed on one front. The platform Nigerians access to more than 10,000 stocks and ETFs trading on local and foreign capital markets. He asserts that Chaka can power multiple brokers and provide access to different digital investment offerings in addition to being a digital sub-broker.Image Credits: ChakaImage Credits: ChakaAsides from Chaka’s traditional stock trading app for retail investors, it also offers Chaka SDK which allows asset managers and financial institutions to offer digital investments and Chaka for Business for direct business onboarding and trading tools for institutional investors.Jim Breyer of Breyer Capital, commenting on the investment said, “We are proud to combine efforts with a company that is levelling the investment playing field for Nigerians [and Africans at large].
As said here by Tage Kene-Okafor