OkHi, a Kenya based company, would be securing a seed fund of $1.5 million.
This is in addition to the previous fund it had raised, assuming up to $3 million.
The company’s goal is to increase efficiency around the sectors in Nigeria.
And so, with the funds, it can quicken its goal of verifying the address of over a million citizens of Nigeria, enhancing accessibility and the delivery services.
The founders of Factory Africa, Betatron, and Interswitch Group contributed to seed funds.
Others are Chapel Hill Denham, Flutterwave’s founder and executives, and EXFI (a syndicate of ex-Googlers).
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What contributors said
“At OkHi, we believe a physical address is a human right. It empowers a person to prove where they live so that
they can open a bank account, get a delivery to their door and trust an ambulance to find them. OkHi’s goal in
Nigeria is to demonstrate to the world how a smart addressing system should work. Once we’ve achieved that, we
intend to scale to every other emerging market.” said Timbo Drayson, founder and CEO, OkHi.
“At OkHi, we believe a physical address is a human right. It empowers a person to prove where they live so that
they can open a bank account, get a delivery to their door and trust an ambulance to find them. OkHi’s goal in
Nigeria is to demonstrate to the world how a smart addressing system should work. Once we’ve achieved that, we
intend to scale to every other emerging market.” said Bolaji Balogun, CEO of Chapel Hill Denham.
About OkHi
OkHi was founded in 2014 by Timbo Drayson.
It was launched to solve the existing issues around verification on financial services.
Also, to create world generational services addressing the system.
Later, OkHra expanded to the Nigeria market in 2021.
This was after securing some seed funds to help it expand in the previous year.
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