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Smart Addressing App Okhi Launches in Nigeria

Tech Gist Africa by Tech Gist Africa
12/13/2020
in Africa News, Business, Made In Africa, News, Startups, The Big 5
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Smart Addressing App Okhi kenya tech news africa

Smart Addressing App Okhi kenya tech news africa

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The Nairobi-based smart addressing app, Okhi, launches its operations in Africa’s biggest market, Nigeria, with an aim to tackle postal address-related infrastructural issues alongside strategic investment and partnership with Interswitch Group.

The business partnership follows series of earlier investments from Founders Factory Africa and Asian venture capital firm Betatron, with Interswitch being a strategic partner as Africa’s largest banking platform fostering the organization’s expansion plans in Nigeria.

Postal addressing infrastructure issues have been identified as a major challenge faced by businesses and affecting the economy in Nigeria from its impact on business efficiencies and huge capital consumption.

Following a successful launch in Kenya, Okhi intends to replicate its efforts that resulted in a 20% reduction in delivery costs and a 20% reduction in delivery times for Kenyan businesses in Nigeria.

Founder, Timbo Drayson explained that “OkHi gives addresses not only to places but also to people. From e-commerce businesses to banks and emergency services, our technology enables people to be included in accessing the services they need and deserve.”

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Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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