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Okra, an open finance startup, is among the few Nigerian API companies that gives real-time entry to monetary knowledge. The startup has raised a complete of $16.5 million in enterprise capital in whole from traders like Susa Ventures, Base10, TLcom Capital, and extra.
Co-founded by Fara Ashiru Jituboh and David Peterside in 2019, Okra initially started as an API supplier that permits the real-time trade of monetary data between prospects, fintech functions, and banks. Nevertheless, as is the present pattern amongst open banking startups, Okra has additionally begun offering cost APIs to companies in numerous sectors corresponding to finance, e-commerce, and insurance coverage, amongst others. Okra can be a cost checkout choice on GooglePay.
The corporate has targeted on the Nigerian marketplace for 4 years, however it’s at the moment working to increase to South Africa and Kenya.
Okra is ruled by a board of administrators and executively led by Jituboh, who was beforehand a software program developer earlier than the startup was based, and wears two hats—chief government officer and chief technical officer. She defined to TechCabal that she at the moment holds each roles as a result of as an infrastructure supplier, “Okra’s enterprise imaginative and prescient and the know-how are carefully intertwined, and infrequently blurred into one another.” Nevertheless, she appears to be like ahead to having another person be a part of the workforce and tackle the CEO reins within the close to future.
Jituboh’s co-founder, Peterside left his workplace as chief working officer in 2022. Now each government workforce lead immediately stories to Jituboh. The leads embody Bodunrin Akinola (head of individuals), Gbenga Oyedele (senior monetary analyst), Abiodun Oni (enterprise growth lead), Dayo Fasan (buyer success lead), and Habib Akinpelu (senior authorized counsel).
This TechCabal org chart particulars the management on the startup.
