Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Friday, September 5
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Digital»Nigerian Digital Investment Startup, Chaka Secures $1.5m Pre-seed Funding Led by Breyer Capital
    Chaka

    Nigerian Digital Investment Startup, Chaka Secures $1.5m Pre-seed Funding Led by Breyer Capital

    1
    By AdeO on July 19, 2021 Digital, Fintech, Funding, Investments, Tips, Venture Capital

    SEC-Licensed Digital Sub-broker and leading digital investment platform, Chaka Technologies, has raised $1.5M in a pre-seed funding round led by Breyer Capital, premier global venture capital and private equity firm focused on catalysing growth in high-impact tech companies like Spotify and Facebook.

    Other participants in the round are 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, and Musha Ventures.

    This funding will serve as a catalyst to enable Chaka to continue to power on its mission to enable borderless investments across Africa and deliver digital investments solutions for African businesses. It will also be used towards the expansion of Fintech’s footprints in West Africa to reach more retail investors and attract more foreign players to African Capital Markets.

    Commenting on the funding secured, Tosin Osibodu, Co-founder & CEO, Chaka Technologies said “This is indeed a significant milestone for us at Chaka. We see digital investments as an opportunity to boost economic transformation in Africa, and our goal is to use this funding to bring this vision to life.

    “With this capital, we will focus on our goals to build a roster of formidable partners and accelerate our expansion to other markets within Africa. This investment also enables us to hire top talent and integrate more advanced functionalities into our investment and wealth management solutions for businesses.”

    Chaka Receives First Fintech License From SEC

    Also commenting on this feat, Jim Breyer, CEO of Breyer Capital, said “We are proud to combine efforts with a company that is leveling the investment playing field for Nigerians (and Africans at large). We’re confident in the value Chaka provides through its digital tools, and we look forward to playing our part in supporting Chaka’s team on their mission to drive borderless investments in Africa.” 

    This pre-seed round comes on the heels of Chaka becoming the first start-up to acquire the new digital sub-broker license issued by Nigeria’s Securities and Exchange Commission (SEC), in line with the regulator’s efforts to safeguard the investing public and accelerate innovation within the sector. 

    Since Chaka’s launch in 2019, the platform has leveled the barriers of entry for borderless investments in Nigeria by providing customers with compliant access to the capital market. Chaka’s bouquet of products includes a stock trading app for retail investors, Chaka SDK which enables asset managers and financial institutions to offer digital investments to their customers; and Chaka for Business which enables direct business onboarding and provides powerful trading tools for institutional investors.

    Related

    Chaka Tosin Osibodu
    Share. Facebook Twitter Pinterest LinkedIn Email
    AdeO
    • X (Twitter)

    Related Posts

    Africa’s Business Heroes announces 2025 Top 20 finalists for US$1.5 million prize

    Anthropic secures $13B in Series F funding, pushing valuation to $183B amid explosive growth

    Tanzanian fintech NALA launches in Kenya with strategic partnerships

    1 Comment

    1. Pingback: Tosin Osinbodu, founder of Chaka, departs from the company following its merger with Rise - Innovation Village | Technology, Product Reviews, Business

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.