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Ghanaian Fintech Secondstax Allows Investors To Access Capital Markets Outside Their Countries, Raises $1.6M

Sep 21, 2022•almost 3 years ago

Amount Raised

$1.6 Million

Round Type

seed

AccraBlockchainFintechFinanceFinancial Services

Description

African capital markets exist in silos, as various exchanges within the continent are often inaccessible to investors outside their home countries. For instance, a South African investor who wants to diversify their portfolio outside the Johannesburg Stock Exchange may find investing in the Nigerian Stock Exchange difficult.

Company Information

Company

SecondSTAX

Location

Accra, Greater Accra Region, Ghana

About

However, there’s a startup taking a peek at the challenge and aiming to tackle it with its cross-border, multi-asset order routing and market data portal: Ghanaian fintech SecondSTAX (Secondary Securities Trading and Aggregation eXchange).The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. Similarly, the B2B capital markets infrastructure platform says it will assist investment firms outside Africa that want to invest in emerging and frontier economies on the continent. SecondSTAX provides access to debt and equity securities across multiple African bonds and stock exchanges. SecondSTAX is the third circle and acts as a gateway to the fourth circle, the exchanges. SecondSTAX is effectively the aggregation of these exchanges across the continent.

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