About Okra
Okra is a company based in Lekki (Nigeria) founded in 2019 by Fara Ashiru Jituboh and David Peterside.. Okra has raised $4.5 million across 2 funding rounds from investors including Accenture, Susa Ventures and TLcom Capital Partners. Okra offers products and services including Authentication, Transactions, Identity, Balance, and Income. Okra operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Mono and OnePipe, among others.
- Headquarter Lekki, Nigeria
- Founders Fara Ashiru Jituboh, David Peterside
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Okra, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 2 rounds
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Latest Funding Round
$3.5 M (USD), Seed
Apr 21, 2021
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Investors
Accenture
& 2 more
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Employee Count
Employee Count
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Products & Services of Okra
Okra offers a comprehensive portfolio of products and services, including Authentication, Transactions, Identity, Balance, and Income. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Verifies financial account credentials for secure access.
Provides comprehensive transaction history data up to 24 months.
Verifies customer identity through financial institutions quickly.
Retrieves real-time account balance information for validation.
Confirms income and employment data from financial sources.
Enables efficient collection of one-time and recurring bank payments.
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Funding Insights of Okra
Okra has successfully raised a total of $4.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $3.5M
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First Round
First Round
(27 Apr 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - Okra | Valuation | Susa Ventures | |
| Apr, 2020 | Amount | Seed - Okra | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Okra
Okra has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Accenture, Susa Ventures and TLcom Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Tech & offline focused early & growth stage VC firm investing in Europe, Asia & the US
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Founded Year | Domain | Location | |
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IT and management consultancy services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Okra
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Okra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Okra Comparisons
Competitors of Okra
Okra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as M2P Fintech, Prime Trust, AuthBridge, Mono and OnePipe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
An open banking platform is provided for African businesses.
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| domain | founded_year | HQ Location |
Open banking API solutions are provided for digital financial services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Okra
Frequently Asked Questions about Okra
When was Okra founded?
Okra was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Okra located?
Okra is headquartered in Lekki, Nigeria. It is registered at Lekki, Lagos, Nigeria.
Who is the current CEO of Okra?
Fara Ashiru Jituboh is the current CEO of Okra. They have also founded this company.
Is Okra a funded company?
Okra is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Apr 27, 2020.
What does Okra do?
Okra was founded in 2019 in Lekki, Nigeria, within the fintech sector. Open banking solutions are delivered through APIs to connect customers and applications for financial information exchange. Services include real-time validation of customer details via manual, internet, mobile, and USSD channels; account balance inquiries; KYC identification; earnings and employment verifications; transactional statements; money transfers; and card payments. Operations focus on enabling secure, real-time financial access across African markets.
Who are the top competitors of Okra?
Okra's top competitors include M2P Fintech, AuthBridge and OnePipe.
What products or services does Okra offer?
Okra offers Authentication, Transactions, Identity, Balance, and 2 more products and services.
Who are Okra's investors?
Okra has 3 investors. Key investors include Accenture, Susa Ventures, and TLcom Capital Partners.
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