Okra
Latest round
- Seed
Last raised
- Apr 2021
Total raised
- $3.5M
Investors
- 3
About Okra
Okra, Inc. specializes in providing Open Finance APIs tailored for African businesses, giving them access to vital financial data from various banks and institutions to enhance their operational capabilities. Founded in 2020 by Aidan Hall, Benjamin Greene, David Peterside, Fara Ashiru, Joseph Bacon, Julie Pang, Lorenzo Crippa, and Nobuaki Nogamoto, Okra, Inc. is based in Lagos, Nigeria. The company operates in the financial technology space, focusing on developing innovative solutions for businesses to access and utilize financial data.Okra offers a suite of Open Finance APIs designed for African businesses, enabling them to access comprehensive financial data from various banks and financial institutions. Their core product offerings include APIs for authentication, transaction data, identity verification, account balance information, income verification, and payment collection. These solutions are particularly useful for businesses in sectors such as lending, personal finance, remittances, digital banking, and business finance. By integrating these APIs, companies can confidently issue loans, create personalized financial experiences for users, facilitate seamless payments, and effectively plan for future financial goals.Okra's revenue model centers around partnerships and B2B transactions, where businesses pay for access to its suite of financial APIs. The structure typically involves subscription-based plans that offer tiered pricing based on the volume of API calls or the range of services utilized. For instance, developers and businesses engaging with Okra's Authentication API or Identity Verification services might follow a pricing schedule that scales with their usage levels and specific needs. Additionally, revenue is generated through the collection of transaction fees associated with the Payments API, which facilitates efficient bank payment collections.In March 2022, Okra, Inc. Okra aims to expand its product offerings and penetrate new markets, specifically focusing on Kenya and South Africa, with anticipated launches in the upcoming year. This strategic expansion will support their initiative to cater to a broader client base and further establish their presence in the African financial technology ecosystem.
Who invested in Okra
3 investors across 1 round
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Funding rounds
Seed
Apr 21, 2021
Amount
$3.5M
Investors
Questions about Okra
Who invested in Okra?
Okra has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Okra raised?
Okra has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Okra last raise money?
Okra's most recent round on record is a Seed, in Apr 2021.
What does Okra do?
Okra is a financial services company.
Where is Okra headquartered?
Okra is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Okra?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Okra's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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