From Chaka to Hisa: Nigeria’s Fintech Unveils Pan-African Investing App
Chaka Technologies has rebranded as Hisa to reach investors across Africa. The platform launched in 2019 to let everyday Nigerians buy local and US shares for as little as $2. It overcame a regulatory ban in 2020 and secured a digital sub-broker licence in 2021. After Risevest acquired Chaka in 2023 and added Kenya’s Hisa app in 2024, the new name—“shares” in Swahili—signals a shift from a Lagos-focused service to a continent-wide investment platform. Users can now trade stocks on the Nigerian and Nairobi exchanges, plus selected US equities and ETFs, through one app. The rebuilt platform offers after-hours trading, automated investing, integrated market research tools and a flat 1% commission per trade. Existing users retain their portfolios, histories and credentials as they migrate seamlessly to Hisa. This rebrand marks a key step in Risevest’s vision for a unified African investment super-app. As Hisa’s Head of Partnerships put it, the goal is to make investing accessible to more Africans through a platform built around their needs.
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