| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Nigeria |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
| Founder | Tosin Osibodu |
Chaka
"Nigeria's retail investing app got regulated out of existence before going viral."
Forced closure by regulatory action
Key Events Timeline
Chaka, a Lagos-based investment platform allowing Nigerians to trade local and global stocks, had its SEC Nigeria license suspended in February 2022 for operating without proper authorization.
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