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Smart addressing startup OkHi has secured a USD 1.5 Mn seed extension, bringing the total of its seed funding to USD 3 Mn, to support the rollout of its address verification technology in Nigeria, with the goal of increasing efficiency across key sectors of the economy. New investors include Chapel Hill Denham, Flutterwave’s founder, and executives, and EXFI (a syndicate of ex-Googlers). They join existing investors such as Founders Factory Africa, Betatron, and Interswitch Group.
OkHi provides digital address verification to financial services, creating the world’s next-generation addressing system to tackle the physical addressing challenge that affects most of the world. The company will invest the new capital to hire global talent across sales, product, and engineering to meet increased demand emanating from the financial services sector.