OkHi provides AI-powered address verification solutions that integrate directly into mobile applications for digital proof of address capture. This service enables businesses, particularly in finance, to streamline customer onboarding, reduce verification costs, and lower lending risk. By ensuring accurate location data, OkHi helps clients increase revenue through better customer acquisition and retention while optimizing operational efficiency.
Funding
Funding not disclosed
VAFounders
Product
Problem
A significant portion of the global population lacks formal addresses, creating substantial economic friction for businesses and individuals. This absence of verifiable location data hinders customer acquisition, increases operational costs, and limits access to essential financial and delivery services.
Solution
OkHi provides an AI-powered digital addressing system that enables businesses to capture and automatically verify customer locations within their mobile applications. This solution facilitates seamless customer onboarding and enhances risk management for financial institutions, leading to increased customer acquisition and retention. By offering a more accurate and cost-effective verification method than traditional agents, OkHi reduces operational expenses and mitigates lending risks. The platform also supports fraud reduction, optimized logistics, and targeted marketing initiatives by providing reliable location intelligence.
Target Audience
The primary customers are financial institutions, including banks and other lending organizations, as well as e-commerce and logistics companies that require reliable customer address verification.
Features
- AI-driven address capture and automated verification integrated directly into mobile applications.
- Proprietary algorithms for validating user-provided location data against geospatial databases.
- API for seamless integration with existing business workflows and customer onboarding processes.
- Enhanced fraud detection capabilities by verifying the physical presence of customers.
- Support for optimizing delivery routes and logistics through accurate location data.
- Enables geo-targeted marketing campaigns and personalized service offerings.
- Facilitates the creation of digital addresses for individuals lacking formal physical addresses.