Okra provides a unified API that aggregates financial data from various banks and financial institutions across Africa, enabling businesses to access real-time information for identity verification, income assessment, and transaction history. This technology streamlines the onboarding process and enhances financial management, reducing the complexity and time required to build financial products.
Funding
$21M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses in Africa struggle to access reliable and consolidated financial data from various banks and financial institutions. This lack of access complicates processes such as identity verification, income assessment, and transaction history analysis, hindering the development of effective financial products and services.
Solution
Okra offers a unified API that aggregates financial data from numerous African banks and financial institutions, providing businesses with real-time access to crucial financial information. This single API streamlines identity verification by providing KYC profiles, supercharges financial management with consolidated data, and facilitates efficient bank payments via USSD and internet banking. Okra's solution enables businesses to validate customer buying power, access transaction history for up to 24 months, and verify financial credentials in real-time, all through a single integration.
Target Audience
Okra primarily targets businesses in Africa, including lenders, digital banks, personal finance companies, remittance services, and business finance platforms, that require reliable access to financial data for various use cases.
Features
- Unified API for accessing financial data from multiple African banks and financial institutions.
- Real-time access to identity, income, balance, and transaction data.
- Facilitates one-time and recurring payments via USSD and internet banking.
- Provides KYC profiles for faster customer onboarding.
- Supports lending, digital banking, personal finance, remittance, and business finance use cases.
- Offers a TypeScript SDK for easy integration into existing systems.
- Covers a wide range of financial institutions in Nigeria, with beta support for Kenya and South Africa.