OkHi Smart Address Verification Service Across Africa raises seed money

Genuine to inadequate dealing with infrastructure. It can be distrusting to ascertain or pilot discourses in Africa.

 And for some countries like Nigeria, prospects expect to accurately submit their discourses to economic establishments such as banks and fintech to establish banks and other records.

Prospects use inefficient strategies like utility invoices or transmit manual instruments to the address, both lengthy and expensive procedures. But the challenge of house warranty has a vaster influence on the socio-economic territory.

Creative dealing with a startup, OkHi has successfully secured a US$1.5 million seed expansion, generating the entirety of its seed budget to US$3 million, to help the rollout of its address confirmation technology in Nigeria, with the purpose of improving efficiency across major sectors of the thrift.

Established in Kenya in 2014, OkHi procures digital discourse confirmation to economic services, formulating the globe’s next-generation addressing policy to undertake the manual addressing challenge that influences half the globe and costs companies an approximate US$200 billion a year.

With the recent funds, OkHi will be competent to achieve its 2022 purpose of establishing the discourses of surplus one million people in Nigeria, which will facilitate sufficient entrance to economic employment, as well as more efficient delivery services. The company will fund the recent equity to employ global talent across deals, stock, and engineering to satisfy exceptional cravings originating from the financial services sector.

“At OkHi, we understand a manual address is a human right. It empowers a person to prove where they live so that they can open a bank account, get a rescue to their door and trust an ambulance to find them,” said Timbo Drayson, OkHi’s inventor, and CEO. “OkHi’s purpose in Nigeria is to demonstrate to the world how a smart addressing system should work. Once we’ve achieved that, we intend to scale to every other rising upmarket.”

“I am very excited to invest in OkHi and to join its board. OkHi has the rare opportunity to truly impact half the world and its economy while building a viable business. The inventors and management team possess the grit, determination, and skills to accomplish their goal and I am pleased to be part of their voyage,” Bolaji Balogun, CEO of Chapel Hill Denham said.

Okhi startup will help to tackle issues with identity verification and is a good way to verify people's identity.