Investment company, Risevest, which allows Nigerians invest in local and foreign securities using apps, has acquired its competitor, Chaka, for an undisclosed amount.

The companies confirmed the sale on Wednesday.

“Today, we are thrilled to share some exciting news that will shape the future of financial services for our valued users. Risevest has officially acquired Chaka, and together, we are embarking on a journey to build a more formidable and comprehensive financial partner for our users’ financial journey,” they said in a statement.

Chaka and Risevest will remain separate products, they said.

Risevest founder Eke Urum was earlier quoted by TechCrunch as
https://pluboard.com/2023/09/28/markets-investing/risevest-buys-chaka-firms-speak-on-how-investors-will-be-impacted/