Fintech startup Okra raises US$3.5m seed round to expand its data infrastructure across Nigeria

NIGERIA – Okra, a Lagos based fintech startup, has secured a US$3.5 million seed raise led by US-based Susa Ventures, with participation from existing investors TLcom Capital, and newly joined Accenture Ventures. This comes just under a year from closing its US$1 million pre-Seed round with only TLcom Capital participating in the round. This brings Okra’s total funding at seed to US$4.5 million. The capital will be deployed to expand Okra’s data infrastructure across Nigeria. Founded by Fara Ashiru Jituboh and David Petersidein January 2020, Okra’s Open Finance platform is…

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Insurtech startup Pula raises US$6m Series A funding round led by TLcom Capital

KENYA – Pula, an insurtech service that works to re-risk African smallholder farmers, has raised a US$6 million Series A funding round to scale up operations across its 13 markets on the continent and expand into Asia. Launched in 2015 by Rose Goslinga and Thomas Njeru, Pula designs and delivers innovative agricultural insurance and digital products to help smallholder farmers endure climate risks, improve their farming practices, and bolster their incomes over time.  Through its Area Yield Index Insurance product, the startup leverages machine learning, crop cuts experiments and data points relating…

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Nigerian fintech startup Okra to scale operations with US$1m funding

NIGERIA – Okra, a fintech startup, has secured a US$1 million pre-seed funding round from TLcom Capital, an African focused VC firm, to strengthen its push to build the infrastructure for Africa’s next wave of fintech innovation.   This is TLcom’s first investment in the fintech sector. Andreata Muforo, partner at TLcom, will join Okra’s board, while Ido Sum, also a partner at the VC firm, will join as a board observer.   Launched in January 2020 by Fara Ashiru Jituboh and David Peterside, Okra is an API creating a secure portal and process to…

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