🚀 Nigerian fintech, Risevest, has made an undisclosed acquisition of Chaka, a digital trading platform. The two companies will continue to operate independently, with updates to the acquired company's capitalization table.
🌍 Chaka, launched in 2019, enables local investors to explore international markets and diversify their portfolios into African and global capital markets. It also provides global citizens access to local capital markets.
💼 Risevest, founded in 2020, simplifies dollar investments for Nigerians and was formerly known as Cashestate. Both companies have secured funding in the past to support their growth.
💰 The acquisition marks a strategic move in the Nigerian fintech space, allowing these platforms to leverage each other's strengths to expand their services and reach.
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