Fintech startup Chaka aims to open up online investingd to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in over 40 countries. Chaka positions itself as a passport to local and global investing. The startup has created an API and interface that allows Nigerians with a bank account (and who meet KYC requirements) to create trading accounts to purchase global blue chip and local Nigerian stocks. Investors can get started with as little as 1000 Naira or $10 to create a local and global wallet to trade, according to Chaka founder and CEO Tosin Osibodu. The platform has partnerships with two brokers to facilitate stock purchases: Citi Investment Capital and U.S.
Comment on Chaka opens up global investing to Africa’s most populous nation
Jake Bright, TechCrunch
Wed, 11/13/2019 - 12:00am
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