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.

Not only does this limit investors’ access to high-growth securities, but it also limits access to capital that has grown in leaps and bounds over the past couple of years. Per reports, major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets.

While local retail apps such as Bamboo and Chaka offer U.S. and foreign stocks to individual consumers, they are as constrained as traditional brokers when it comes to helping consumers buy stocks and bonds across different capital markets within Africa. 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. To bolster its efforts, it has also raised $1.6 million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.

SecondSTAX co-founder and chief executive officer Eugene Tawiah brings immense experience to run such an ambitious project. In addition to spending more than a decade at Goldman Sachs, he ran various consulting and tech jobs for firms in financial services and capital markets.

In 2018, a landmark event tilted his journey into building SecondSTAX. That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I was having conversations with heads of trading desks and there was a sense that during MTN’s IPO, that even though one had a bunch of cash to invest, if you were not in Accra, there was no way to access or buy into that IPO,” Tawiah told TechCrunch on a call. “And so the concept I had in mind was, if I stayed in Lagos, Nairobi, or some other place outside of Accra, how do I get access to these offerings and be able to trade them?”