Nigeria fintech startup Okra closes $3.5M in seed round

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    • AvatarEbigide Jude

      Lately, startups across Africa are attracting investments way past the million-dollar mark, a sign of increasing investor confidence and an indication of strong, financially viable yet scalable startups.

      Okra operates on the same model as Plaid, based in San Francisco California. Nigeria fintech Okra just secured a $3.5M investment seed round led by US-based Susa Ventures. Other investors are Accenture Ventures alongside several angel investors. Cumulatively, Okra has managed to raise $4.5 million, if we factor in the $1 million it raised from TLcom.

      Okra describes itself as an API “super-connector” creating a secured portal and process that exchanges real-time financial information between its customers, banks, and applicants.

      Okra was founded in 2019 by David Peterside and Fara Ashiru Jituboh(the CEO and CTO). Since the launch, the fintech infrastructure company has offered its services to top financial institutions, startups, and other government agencies such as Access Bank, Interswitch, Aella App, uLesson, and several others.


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