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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Products & Services of Okra
Okra offers a comprehensive portfolio of products and services, including Authentication, Transactions, Identity, Balance, and Income.
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.
People of Okra
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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.
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.
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Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors
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Tech & offline focused early & growth stage VC firm investing in Europe, Asia & the US
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IT and management consultancy services are provided globally.
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Investor details for Okra
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Investments & Acquisitions by Okra
Investment portfolio details for Okra
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Financial Statements - Okra
Detailed financials for Okra
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Okra Comparisons
Peer comparison for Okra
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Banking, lending, and payment solutions are provided via custom APIs.
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Cloud-based AML and banking API solutions are provided for institutions.
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Identity verification, employee screening, and due diligence platforms are provided.
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An open banking platform is provided for African businesses.
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Open banking API solutions are provided for digital financial services.
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Detailed competitors of Okra
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Latest news on Okra
Complete news archive for Okra
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Frequently Asked Questions about Okra
Okra was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Okra is headquartered in Lekki, Nigeria. It is registered at Lekki, Lagos, Nigeria.
Fara Ashiru Jituboh is the current CEO of Okra. They have also founded this company.
Okra is a funded company, having raised a total of $4.5M across 2 funding rounds to date.
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.
Okra's top competitors include M2P Fintech, AuthBridge and OnePipe.
Okra offers Authentication, Transactions, Identity, Balance, and 2 more products and services.
Okra has 3 investors. Key investors include Accenture, Susa Ventures, and TLcom Capital Partners.