When was Chaka founded?

Chaka was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Chaka located?

Chaka is headquartered in Lagos, Nigeria.

How many employees does Chaka have?

As of Jun 30, 2026, the latest employee count at Chaka is 152.

Is Chaka a funded company?

Chaka is a funded company, having raised a total of $1.53M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 07, 2020.

When was the latest funding round of Chaka?

Chaka's latest funding was a $***** Seed round on Jul 20, 2021, with participation from 6 investors.

Where does Chaka rank among its competitors?

Chaka ranks 2nd amongst 4 active competitors, none of which are funded.

Who are the top competitors of Chaka?

Chaka's top competitors include Saxo Bank, NASD and MaximusFX. Among them, Chaka secured the most recent funding round in July, 2021.

Chaka - 2026 Company Profile, Team, Funding & Competitors

Chaka is an acquired company based in Lagos (Nigeria), founded in 2019 by Tosin Osibodu. It operates as a Provider of a regular trading platform for stocks. Chaka has raised $1.53M in funding from Breyer Capital and Seedstars. The company has 4 active competitors, including 3 that have exited. Its top competitors include companies like Saxo Bank, NASD and MaximusFX.

Company Details

Provider of a regular trading platform for stocks. It allows users to invest in stocks and ETFs on international stocks. It also provides assets and portfolios handpicked by asset managers to invest in.

Website: chaka.com
Social
Email ID: *****@chaka.ng
Phone Number: +234 **********

Key Metrics

Founded Year

2019

Location

Lagos, Nigeria

Stage

Acquired

Total Funding

$1.53M in 2 rounds

Latest Funding Round

Seed, Jul 20, 2021, $*****

Investors

Breyer Capital & 8 more

Ranked

2^nd among 4 active competitors

Employee Count

152 as on Jun 30, 2026

Similar Companies

Saxo Bank & 962 more

Exit Details

Acquired by Rise (Sep 26, 2023)

View Chaka's full profile

Chaka got acquired by Rise on Sep 26, 2023.

Click here to take a look at Chaka's acquisition in detail

Chaka has raised a total funding of $1.53M over 2 rounds. Its first funding round was on Oct 07, 2020. Its latest funding round was a Seed round on Jul 20, 2021 for $*****. 6 investors participated in its latest round. Chaka has 9 institutional investors.

Here is the list of recent funding rounds of Chaka:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 20, 2021	8174337	Seed	3546320	9641993	9384769	5699676
Oct 07, 2020	1890214	Seed	9730456	5094719	Seedstars	4680708

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View details of Chaka's funding rounds and investors

The founders of Chaka is Tosin Osibodu.

Here are the details of Chaka's key team members:

Tosin Osibodu: Co-Founder & CEO (acquired) of Chaka.
Contact Info: 1 email address

View details of Chaka's Founder profiles and Board Members

Chaka's employee count trend

Chaka has 152 employees as of Jun 26. Here is Chaka's employee count trend over the years:

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Top competitors of Chaka include Saxo Bank, NASD and MaximusFX. Here is the list of Top 10 competitors of Chaka, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Saxo Bank 1992, Copenhagen (Denmark), Acquired	Provider of online trading platforms for stocks bonds and derivatives	$549M	ES Consultancy (Singapore) Ltd, General Atlantic ... & 6 others	81/100
2nd	Chaka 2019, Lagos (Nigeria), Acquired	Provider of a regular trading platform for stocks	$1.53M	Breyer Capital, Musha Ventures & 7 others	55/100
3rd	NASD 1998, Lagos (Nigeria), Public	OTC trading platform for unlisted public company securities	-	Heirs Holdings	37/100
4th	MaximusFX 2010, Ikeja (Nigeria), Unfunded	Multi-asset trading platform	-	-	28/100
5th	Quba 2019, Abuja (Nigeria), Deadpooled	Online trading platform for stock market investments	-	-	15/100
6th	Pacific investment 2019, Osogbo (Nigeria), Deadpooled	Online investment platform for stocks, cryptocurrency, and commodities	-	-	15/100
7th	Sprill 2021, Lagos (Nigeria), Deadpooled	Online platform offering investment opportunities in various financial assets	-	-	15/100
8th	Berry 2016, Jos (Nigeria), Deadpooled	CFD and Forex trading platform	-	-	15/100
9th	7trade Option 2018, Warri (Nigeria), Deadpooled	Forex and CFDs trading platform	-	-	15/100
10th	ACM Brokers 2018, Nigeria, Deadpooled	Trading platform for forex and CFDs	-	-	15/100