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Chekkit Raises Undisclosed 7-Figure Investment, Aims to Become Africa’s Foremost Traceability Platform

Chekkit has secured an undisclosed round from Adaverse, a Cardano ecosystem accelerator, with participation from existing investors like RTA, HoaQ, Launch Africa, and Blockchain Founders Fund.

This news is coming after Chekkit was officially announced as the first approved GS1/NAFDAC traceability solutions provider in Nigeria.

Chekkit is not just another anti-counterfeiting solution. Rather, it aims to repair the prevailing rift in consumer-manufacturer trust with the blockchain-secured channel, prioritising consumer insights.

The raised funds will help Chekkit onboard more manufacturers across Nigeria and other regions in Africa, while also spreading its tentacles to new markets in India, UK and the Middle East with a target to become the number one Traceability platform in Africa.

In 2021, Chekkit raised $500k in pre-seed funding from investors including Launch Africa, Japan Strategic Capital, Blockchain Founders Fund and others to strengthen its anti-counterfeiting and consumer engagement solution.

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