“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,” said Tosin Osibodu, co-founder and chief executive officer (CEO) of Chaka.
“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.”
Tosin Osibodu – Co-founder and CEO, Chaka
Chaka is a platform that provides tech services, marketing, customer service and operations to brokers on behalf of their customers. It provides unrestricted access to more than 4,000 stocks trading on capital markets, and is fully licensed by the SEC.
“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,” he said.
Chaka recently became a recipient of a Digital Sub-Broker/Sub-Broker Serving Multiple Brokers Through a Digital Platform License from the Securities Exchange Commission of Nigeria (SEC).
Investments in fintech in Nigeria has recently become a disruptive force despite the COVID-19 pandemic. We have a whole article about it in the latest issue of the Africa Inc magazine. Have a read of the free digital copy Here.