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SecondSTAX, A Ghanaian Securities Exchange Platform, Raises $1.6 million In Pre-seed Round

Ghanaian fintech SecondSTAX (Secondary Securities Buying and selling and Aggregation eXchange) has introduced it has raised $1.6 million in pre-seed funding from non-public buyers and enterprise capital companies, together with LoftyInc Capital and STEMeIn.

The corporate which formally launched publicly on twenty first September will use the capital raised to develop to different nations by the top of the 12 months.

SecondSTAX permits customers to commerce debt and fairness securities on different African bond and inventory exchanges.

The corporate, launched by Eugene Tawiah (CEO) and Duke Lartey, permits broker-dealers, asset managers, pension funds, and institutional buyers to entry markets exterior their house nation. SecondSTAX may also permit funding companies to carry property in a number of currencies.

The corporate plans to develop into capital markets in Ghana, Kenya, Nigeria, South Africa, Morocco, and Egypt.

At the moment, the corporate is launching in Ghana and Kenya the place customers will can course of market orders for shares throughout Ghanaian and Kenyan exchanges in addition to conduct cross-border transactions inside each capital markets through its sponsoring dealer partnerships

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