Chaka

Chaka is a digital investment platform for individual investors in Africa who want to buy and sell securities across local and international markets.

Key capabilities include:

• SmartInvest goal-based portfolios: Users answer questions about goals and timelines, then invest in Naira portfolios curated by certified wealth management experts and tailored to a chosen risk profile.
• Direct stock and ETF trading (ChakaStocks): Access 4,000+ stocks and ETFs across the Nigerian Stock Exchange (NSE), New York Stock Exchange (NYSE), and NASDAQ, with support for investing in global brands with small amounts via tiered pricing.
• Security and compliance: Uses AES encryption for website traffic, and supports investor verification before trading.
• Referral rewards: Earn up to $50 for each referred friend who opens an account and places a trade of $10 or more.

Available on Web, Android, and iOS.

Built for retail investors, including beginners who want exposure to Nigerian and global equities and ETFs without needing prior investing experience.

It is notable in Nigeria’s market for holding the SEC’s first fintech license, facilitating local brokerage through Citi Investment Capital Limited, and providing international investing services through DriveWealth LLC (FINRA/SIPC member), including SIPC coverage up to $500,000 on eligible accounts.