Monday, September 1, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

OkHi, a smart addressing startup, has raised $3 million in seed funding to help drive smart address verification across Africa

Tech Gist Africa by Tech Gist Africa
03/10/2022
in Funding, News - West Africa
0 0
0
OkHi

OkHi

0
SHARES
Share on FacebookShare on Twitter

OkHi, a smart addressing startup, has received a $1.5 million seed extension, bringing the total amount raised to $3 million.

This round is backed by well-known companies and individuals who, in addition to finance, provide a wealth of experience to OkHi.

Chapel Hill Denham, Flutterwave’s founder, and executives, and EXFI (a group of ex-Googlers) are among the new investors, who join current investors including Founders Factory Africa, Betatron, and Interswitch Group.

“A physical address is a human right,” says OkHi. It allows a person to prove their address in order to open a bank account, has a delivery delivered to their door, and trust an ambulance to find them,” says Timbo Drayson, OkHi’s founder, and CEO. “In Nigeria, OkHi’s mission is to show the world how a smart addressing system should work. We plan to scale to every other emerging market after we’ve accomplished that.”

OkHi has created the world’s first smart address verification service, which uses a smartphone to verify a person’s address, eliminating the need for utility bills and in-person visits.

OkHi’s address verification product is 30% more accurate, 4x faster, and 50% less expensive than the industry standard of sending a physical agent to a customer’s door, according to a pilot with Stanbic IBTC.

OkHi addresses can now be found in 54 countries, demonstrating that their platform is ready to scale.

With the extra funding, OkHi will be able to meet its aim of confirming the addresses of over one million Nigerians by 2022, allowing for easier access to financial services and more efficient delivery services.

To address rising demand from the financial services sector, the company will use the fresh funding to acquire global talent in sales, product, and engineering.

 

Read more on Tech Gist Africa:

Dash, a Ghanaian payments app, has raised $32.8 million in seed funding

Naqla, an Egyptian logistics startup, has raised $10.5 million in a pre-Series A funding round.

Milezmore, an Egyptian logistics startup, has secured a $5 million pre-seed round of funding

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

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.

Related Posts

GITEX Nigeria 2025
Events

GITEX Nigeria 2025: A Landmark Event for Africa’s Digital Future

by Tech Gist Africa
09/01/2025
0

Nigeria is set to host the inaugural GITEX Nigeria from September 1–4, 2025, marking a significant milestone in the nation's...

Read more
Agriculture Africa

Ghana to Become Africa’s First AI-Powered Agricultural Hub with $100M Japanese Investment

09/01/2025
Munify Egypt

Munify Secures $3M Seed Funding to Revolutionize Cross-Border Banking for Egyptians Abroad

09/01/2025
Uncovered Fund and Monex Ventures

Uncovered Fund and Monex Ventures have launched a $20M Fund

09/01/2025
Hypeo AI Morocco

Hypeo AI Secures Strategic Investment to Transform Influencer Marketing in Africa and the Middle East

09/01/2025
Next Post
Zeta India

Banking tech platform Zeta Raises $30 million, taking the company’s valuation to $1.5 billion

Gamerji

E-sports Gaming Platform Gamerji Raises $1.1M

CredAvenue

Online debt marketplace, CredAvenue raises $137 Million

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.