Okra, a Nigerian API fintech startup, has raised $3.5 million in seed funding.
Susa Ventures, based in the United States, led the round, which included established investors TLcom Capital and Accenture Ventures.
Susa Ventures, based in San Francisco, is one of the top seed-stage funds in Silicon Valley, having made notable early investments such as Robinhood, multibillion-dollar company Flexport, Andela, and Fast.
“We’re thrilled to partner with Okra as they help developers across the African continent to transform digital financial services,” says Seth Berman, General Partner at Susa. We’re blown away by the caliber of Okra’s team, the pace at which they’re developing, and the enthusiasm with which their API is being used by customers.”
“We have consistently been impressed with Fara’s technological depth & experience, which when combined with the entrepreneurial acumen she & David bring to the business leaves us convinced that they are developing Africa’s most secure and robust API infrastructure,” says Omobola Johnson, Senior Partner at TLcom Capital and Former Minister of ICT in Nigeria. TLcom is excited to collaborate with Okra.”
“Fara and David have a compelling vision and value proposition, and we believe Okra’s powerful technology will solve crucial challenges in the African financial market,” said Tom Lounibos, Managing Director, Accenture Ventures. We look forward to collaborating with Okra to help them scale their ideas to achieve full impact.”
Fara Ashiru Jituboh and David Peterside founded the company in June 2019, Okra is an Open Finance platform that allows companies and developers to create customized digital services and fintech products for customers.
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