Finance

Chaka raises $1.5 million in a pre-seed round

Monday, 19 July 2021 17:52
Chaka raises $1.5 million in a pre-seed round

(Ecofin Agency) - Chaka, a Nigerian technology solutions company on a mission to enable every business and person in Africa to access borderless digital investment and wealth management opportunities, has today closed a $1.5 million pre-seed funding round. The round was led by Breyer Capital with participation from 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, and Musha Ventures.

With the capital raised, the investment platform will focus on building a roster of formidable partners as well as speed up its expansion to other West African markets. Also, as priority, the company plans to improve its technology and services while securing partnerships with key financial institutions.

"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," Said Jim Breyer, CEO of Breyer Capital.  

Before this pre-seed round, Chaka Technologies had raised a total of $30,000 in funding over three rounds, with their latest funding raised on Oct 6, 2020. Since then, the company was barred by Nigeria’s Securities and Exchange Commission (SEC) from offering its services in the country. The barring was a consequence of investment firms - including brokerage firms operating “outside the regulatory purview of the Commission and without requisite registration, as stipulated by the Investment and Securities Act 2007.”

After several months of uncertainty regarding regulations with the Nigeria’s Securities and Exchange Commission (SEC), Chaka last month becomes the first investment platform to received a license from the SEC to operate its digital platform for buying and selling stocks in Nigeria.

Solange Che



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.