Nigerian Fintech Risevest Acquires Chaka, Enhancing Investment Opportunities ๐ค๐ผ
๐ 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.
๐ 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.
๐ผ 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.
๐ฐ 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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