Nigerian Startup Chaka Raises USD 1.5 Mn Pre-seed

Chaka, a Nigerian fintech startup, has secured a USD 1.5 Mn pre-seed investment from Breyer Capital. Future Africa, Golden Palm Investments, Seedstars, Musha Ventures, and 4DX Ventures are among the other investors in the round.

Chaka enables businesses and individuals in Africa to access borderless digital investment and wealth management opportunities. The platform gives Nigerians access to more than 10,000 stocks and ETFs trading on local and foreign capital markets.

The company intends to expand to other West African countries, hire more talent, develop more partnerships, and integrate more advanced functions into their investment and wealth management solutions with this new round of funding.