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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

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.

Chaka1 layer →

The stack

1 layer disclosed in Chaka.com’s embedded-finance stack

Investing

DriveWealth Citi Investment Capital

Accounting gap: none

Chaka.com — frequently asked

Who powers Chaka.com's investing products?

Chaka.com's investing and wealth products are powered by DriveWealth and Citi Investment Capital.

Who founded Chaka.com?

Chaka.com was founded by Tosin Osibodu and is founded in 2019, headquartered in Ikoyi, Lagos, Nigeria.

How much funding has Chaka.com raised?

Chaka.com has raised $1.5M in total (latest round: Pre-seed, 2021).

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