Nigerian fintech firm Okra raises $3.5 million to expand data infrastructure

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The API company says it has raised a total of $4.5 million in two funding rounds.

Okra, announced Wednesday it has closed a $3.5 million seed round to expand its data infrastructure across the country.

The company billed as Africa’s first API super-connector raised $1 million funding from TLcom Capital last year and now has banked a $3.5 million seed round led by the US-based Susa Ventures.“We build the tools that businesses need to achieve full digital transformation and we are excited to be welcoming some highly strategic global investors as we scale our open finance as a service operation,” said Fara Ashiru Jituboh, co-founder and CEO of Okra.

“The companies that will dominate the business landscape over the next decade are prioritizing a digital-first experience for their customers today and will leverage data and personalization to win market share over time,” David Peterside the co-founder and COO said.

 

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