Okra

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Okra
IndustryFinancial Services
Founded2019; 2 years ago (2019)
FounderFara Ashiru Jituboh, David Peterside
Headquarters
Nigeria
Websitewww.okra.ng

Editor: Tamia Adolph

Okra is a Nigerian-based fintech company that allows for the exchange of real-time financial information between customers, applications, and banks through an API.[1]

Okra helps people connect their bank accounts to lending and banking apps, as well as facilitates services like direct debits.[2]

History

The company was founded in 2019 by Nigerian entrepreneur and software engineer, Fara Ashiru Jituboh and David Peterside.[3] However, the company launched in January, 2020. [4]

Jituboh was inspired to start Okra upon moving back to her home country from the U.S. She realised she was unable to connect financial apps such as Mint to Nigerian banks. She used her background in software engineering to build the company.[5]

Okra has connections with Nigeria’s commercial banks as well as Branch, AIICO Insurance OLC, Travelstart, Bamboo, Renmoney, and Swipe.[6]

Impressively, Okra has seen a 175 percent increase in demand as more companies attempt to digitise their services (2021).[7]

Investments

Okra raised $1 million in pre-seed funding from TLcom Capital, three months after its launch.[8]

Awards and Achievements

Since October, 2020, Okra has had over 240 clients integrating with their platform.[9]

References