Chaka.com
“Can a licensed African broker become the default multi-asset investing passport for the continent's retail investors?”
Founded2019
HQIkoyi, Lagos, Nigeria
FoundersTosin Osibodu
Total raised$1.5M
Latest roundPre-seed, 2021
IndustryFintech / Investment
The story
Chaka launched in 2019 as a Nigerian Robinhood-style equities platform, partnering with DriveWealth to give Nigerians access to US and global stocks. It became the first Nigerian company to secure a digital sub-broker SEC license in 2021 after regulatory pressure on cross-border trading platforms. It has since evolved into a multi-asset investing platform covering equities, crypto, commodities, and yield products (USD wallet interest, Vaults), while extending into Kenya under the Hisa brand.
Last 12 months
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Product timeline
2019
Launched mobile-based platform offering Nigerians stock trading across 40+ countries via partnerships with Citi Investment Capital and DriveWealth.· banking
2021
Became first company to receive a digital sub-broker license from Nigeria's SEC; closed $1.5M pre-seed led by Breyer Capital.· pivot
2025
Expanded to multi-asset investing including crypto, commodities, USD wallet interest, and Vaults product; expanded to Kenya as 'Hisa' brand.· pivot
Regulated entities
1
regulatory licence held by Chaka.com
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
Chaka.com was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
1 layer disclosed in Chaka.com’s embedded-finance stack
Investing
Accounting gap: none