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Trove Technologies Limited reassures customers amid account freeze imbroglio Financial Services

The Central Bank of Nigeria (CBN) has received a court injunction to freeze accounts belonging to technology trading platforms

Chaka Technologies, a digital investment platform, has secured $1.5 million in pre-seed funding to deepen capital markets and power digital investments

Ugo Aliogo 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. I...

Fintech trading platforms like Chaka, Trove, Bamboo, and Risevest that allow Nigerians to invest and trade in stocks listed on the Nigerian and foreign stock exchanges have been declared illegal by the Federal Government. This was made known by the Securities and Exchange Commission (SEC) in a statement issued and seen by Nairametrics on Thursday. It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the existence of several providers of online investment and trading platforms which purportedly facilitate direct access of the investing publi...