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African Fintech Startup Okra Raises $3.5M Seed Round To Expand Infrastructure Across Nigeria

Within its first year of launching, Nigeria-based fintech company Okra has secured yet another million-dollar plus funding round to help the startup continue to scale across the West African nation. According to a blog post published by the company, Okra announced a $3.5 million seed round led by Susa Ventures, with participation from existing investors such as TLcom Capital and newly-joined Accenture Ventures. The round also brought in super angel investors to contribute, including Rob Solomon — Chairman at GoFundMe; Arpan Shah — founding engineer and ex-Head of Data Platforms/Data products at Robinhood; and Hongxia Zhong — founding engineer and ex- Senior engineering manager at Robinhood. TechCrunch reports Okra has raised a total of $4.5 million between its first two funding rounds to date. Now the company intends to use the new investment to expand its financial data infrastructure across Nigeria. Okra — which was founded in 2019 by Fara Ashiru Jituboh and David Peterside — is...

Apr 21, 2021