# OkHi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/okhi

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.okhi.com
- Total disclosed funding: $4.1M
- Latest round: Seed (Mar 9, 2022)
- Investors on record: 7

## About

Based in Kenya, OkHi Limited specializes in AI-driven address verification solutions for banks and financial services, enhancing customer onboarding and reducing fraud through a fully digital process.Founded in 2014 in Nairobi, Kenya, OkHi Limited delivers innovative address verification services tailored for financial institutions. The company's founding team includes Chelsea Atwell, Evans Mutai, Henry Ingham, Navraj Ghataura, and Timbo Drayson, with Chelsea Atwell serving as CEO. It has successfully completed 6 investment deals, with the latest funding round being a Seed round of USD 1.500 mn led by Chapel Hill Denham on November 5, 2024, marking the total amount raised at USD 1.500 mn.OkHi provides AI-powered address verification solutions primarily for banks and financial institutions. Their flagship product enables businesses to capture and verify customer addresses digitally, enhancing KYC compliance and risk management. It supports applications such as loan approvals and targeted marketing, catering to clients in regions like Nigeria and Kenya, where reliable address verification is crucial.OkHi's revenue model is subscription-based, partnering with financial institutions to implement its address verification solutions. Clients pay for access to features such as address verification and customer location tracking, structured to integrate easily with their existing systems. The financial services sector is a significant revenue source, focusing on cost efficiency and enhanced customer retention.Following a recent venture funding round with Visa in November 2024, OkHi Limited plans to expand its product offerings, though specific new products have not been disclosed. The company aims to enter new markets across Africa, leveraging its latest funding to facilitate this expansion and support ongoing enhancements to its existing solutions.

## Funding rounds

- Seed, Mar 9, 2022, $1.5M — InterSwitch Limited, Betatron Venture Group, Chapel Hill Denham, 54 Collective, Exfi
- Seed, Sep 17, 2020, $1.8M — Angel Investment Network, Betatron Venture Group
- Seed, Dec 17, 2015, $0.8M — Garage Technology Ventures

## Investors

- Garage Technology Ventures (https://capitalatlas.ai/funds/garage-technology-ventures) — Seed
- Angel Investment Network — Seed
- Betatron Venture Group (https://capitalatlas.ai/funds/betatron-venture-group) — Seed
- InterSwitch Limited — Seed
- Chapel Hill Denham — Seed
- 54 Collective (https://capitalatlas.ai/funds/54-collective) — Seed
- Exfi — Seed