A digital investing platform for African retail investors to trade global stocks and ETFs, and invest in goal-based portfolios across the US, UK, Nigeria, and 40+ countries.

Chaka Product Overview

Is Chaka Right for You?

Liners prepares and updates these highlights as product information changes. Editorial standards

Best For

  • Retail investors
  • Global stock traders

What It Does Well

  • Global stocks trading
  • ETF trading access

Things to Check

  • Supported funding methods
  • Minimum investment amount

About Chaka

Screenshot of Chaka website

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.

Chaka Facts

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African alternative to

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Chaka Funding History

Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source data

Chaka has raised $1.5M across 4 recorded funding events. The latest was Merger / Acquisition in Sep 2023.

Total Raised:
$1.5M
Latest Round:
Merger / Acquisition

Chaka Investors & Funding Rounds

Acquired by Rise in 2023Read about this acquisition

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Chaka Founders & Leadership Team

Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
Bode Popoola

Latest Chaka News & Updates

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Frequently Asked Questions About Chaka

Chaka is a digital investment and stock trading platform for retail investors in Africa, with a strong focus on Nigeria, that provides access to local and international securities. It supports goal-based investing through SmartInvest, where users get expert-curated Naira portfolios aligned to a chosen timeline and risk profile, as well as self-directed trading through ChakaStocks for 4,000+ stocks and ETFs on the Nigerian Stock Exchange plus US markets like NYSE and NASDAQ.

Chaka is primarily based in Nigeria but provides its users with a "passport" to invest in assets from over 40 countries.

You can sign up by visiting the Chaka registration page or downloading the app and completing a KYC verification process with your ID and BVN.

Yes, Chaka is available on iOS and Android. You can download Chaka on the App Store for iPhone, or get it on Google Play for Android.

The platform is best suited for retail and institutional investors in Africa looking for an affordable way to diversify their wealth into global and local stock markets.

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