Chaka is a financial technology platform that enables African individuals and businesses to invest in over 4,000 global assets, including stocks and ETFs, through a regulatorily compliant interface. By providing access to international capital markets, Chaka addresses the limited investment opportunities available to African investors, allowing them to diversify their portfolios and build wealth in Naira.
Funding
Funding not disclosed
Founders
Product
Problem
African individuals and businesses face limited access to diverse investment opportunities, hindering their ability to build wealth and diversify portfolios in local currency. Investing in international markets can be complex and requires navigating regulatory hurdles.
Solution
Chaka provides a financial technology platform that enables African individuals and businesses to invest in over 4,000 global assets, including stocks and ETFs, directly through a compliant interface. The platform offers access to both local and international capital markets, allowing users to diversify their portfolios and invest in global brands with any amount of money. Chaka facilitates investments in Naira and provides tools for both novice and experienced investors, including SmartInvest, which offers expert-managed portfolios tailored to individual risk profiles and investment goals. The platform also offers real-time currency exchange between local and global wallets, dividend payouts, and free deposits and withdrawals.
Target Audience
Chaka primarily targets African individuals and businesses seeking to diversify their investment portfolios and gain access to global capital markets.
Features
- Access to over 4,000 stocks and ETFs on the Nigerian Stock Exchange, New York Stock Exchange, and NASDAQ
- SmartInvest feature provides expert-managed portfolios tailored to individual risk profiles
- Chaka Equity allows users to directly trade stocks and ETFs
- Low account minimums, starting with as little as $10 or N1,000
- Free deposits and withdrawals
- Real-time currency exchange between local and global wallets
- Bank-level AES encryption to protect user data and transactions
- Referral program that rewards users for inviting friends to the platform