Quote To Start The Day: It’s possible to transcend anything that doesn’t kill you.

Source: David Goggins

One Big Thing In Fintech: The digitization of financial markets in Africa will continue to accelerate as local investors seek diversified access to higher-yield financial products.

That's according to Chaka founder and CEO Tosin Osibodu, who suggest investors are yearning for ways to hedge against the effects of currency depreciation and inflation.

“Something unique about the African market is that it’s virgin,” Osibodu said. “We’re about a year old, so there is no before and after. It is just happening.”

Riding on the secular trend of digitization, Chaka is a fintech that offers Nigerians stock trading in more than 40 countries through its API- and app-based platform.

With as little as $10, Chaka users can invest fractionally in over 4,000 global stocks and ETFs.

“We came to market because of a problem Nigerians faced for a long time,” the company's founder said of leveraging his data engineering background to benefit Nigeria’s emerging fintech infrastructure.

“Nigerians couldn’t access this stuff. We noticed there were a lot of barriers when it came to [know your customer], payments and in general the financial technology.”

Source: Benzinga

Other Key Fintech Developments:

Watch Out For This: In a first for a major bourse, the Nasdaq stock exchange is seeking United States authority to require more diversity in the boardrooms of Nasdaq-listed companies or to explain why they can not.

Source: Al Jazeera

Interesting Reads:

Source: Cboe