Get updated by following our social media accounts and supporting our ever-growing Youtube Channel.
Chaka, an investment tech in Nigeria that offers access to borderless digital investment and wealth management opportunities to individuals and businesses in Africa, has secured pre-seed funding of $1.5m in a round led by a global venture capital firm focused on catalyzing growth in high-impact companies, Breyer Capital. The startup plans to use the capital to focus on its goals to build a roster of formidable partners and accelerate expansion to other markets within West Africa.
“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. 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 & CEO said.

Jim Breyer, CEO of Breyer Capital, said this on the investment: “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”.
Chaka recently became the first platform to be granted the first Fintech license by the Securities and Exchange Commission (SEC) in Nigeria. The platform has participated in four funding rounds and is funded by 8 investors, with the most recent investors being Musha Ventures and Breyer Capital.
Get updated by following our social media accounts and supporting our ever-growing Youtube Channel.