Okra builds an API "super-connector" that securely exchanges real-time financial information between customers, applications and banks, offering integrations like account authorization, balance, identity, income, payments and transactions. The company takes commissions on transactions through integrations sold to developers and businesses and claims over 100 partners including Access Bank, Aella, Interswitch and uLesson. Okra reports a 99.9% uptime guarantee, average month-on-month API call growth of 281%, and has analyzed more than 20 million transactions (with over 5.5 million transaction lines last month). Founded in June 2019 and launched in January 2020 by Fara Ashiru Jituboh (CEO/CTO) and David Peterside (COO), the team emphasizes speed—onboarding clients in 24 hours or less. Okra plans to use its new funding to expand data infrastructure across Nigeria, accelerate hiring, and support imminent pan-African expansion to Kenya and South Africa (currently in beta). Okra builds a "super-connector" API that lets individuals connect their bank accounts directly to third-party applications, with products for authorization, balance, transactions, identity and accounts. The startup generates revenue through product fees and charges each time a user connects a bank account to a customer, and it already counts clients such as Carbon, Axa Mansard, Branch and Renmoney. Founded in June 2019 by Fara Ashiru Jituboh and David Peterside, Okra positions itself as infrastructure for Africa's digital financial system. The company has raised external capital and is hiring engineering talent to support growth. Okra plans to expand its account-connection services to other African markets where its clients already operate and is evaluating target countries (Kenya was named by an investor as a likely candidate).

Total raised

$5M

Funding rounds

2

Latest round

Seed

Latest activity

Apr 2021