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Chaka Technologies, a digital investment platform, has secured $1.5 million in pre-seed funding to deepen capital markets and power digital investments
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Digital sub-broker and digital investment platform, Chaka Technologies has raised $1.5 million in a pre-seed funding round led by Breyer Capital, a global venture capital and private equity firm.
A statement by the firm stated that other participants in the round were 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, and Musha Ventures.
The statement also noted that the funding would serve as a catalyst to enable Chaka to continue to power on its mission to enable borderless investments across Africa and deliver digital investments solutions for African businesses.
It hinted that the funding would also be used towards the expansion of fintech’s footprints in West Africa to reach more retail investors and attract more foreign players to African capital markets.