Nigeria’s Chaka closes $1.5M pre-seed funding round

Nigeria’s stock trading fintech, Chaka, has announced a $1.5M pre-seed funding round led by Breyer Capital, a global venture firm focused on catalyzing growth in high-impact companies like Spotify, Facebook, and now, Chaka. Other participants in the round are 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, and Musha Ventures.

Chaka has a mission is to enable digital borderless investing for African businesses and individuals. The company powers the digital investment landscape in Africa through partnerships with asset managers, financial technology firms, and regulators.

With this capital, Chaka will focus on goals to expand to other markets within West Africa, hire top talent and integrate more advanced functionalities into their investment and wealth management solutions.

Jim Breyer, CEO of Breyer Capital said, “We are proud to align ourselves with a company that is levelling 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 Tosin, Bo, Olaolu, and the Chaka team.”

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