• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Deal: TLcom injects $1million pre-seed funding in Okra

Abiola Odutola by Abiola Odutola
April 27, 2020
in Business News, Corporate deals
Deal: TLcom injects $1million pre-seed funding in Okra
Share on FacebookShare on TwitterShare on Linkedin

TLcom Capital has invested $1 million pre-seed fundraise in Nigerian fintech platform, Okra to strengthen the latter’s push to build infrastructure for Africa’s next wave of fintech innovation.

Okra is expected to use the new investment to scale its team and operations, as it caters to its growing client base.

Established in January 2020, the fintech firm’s “super-connector” creates a secure portal and process to exchange real-time financial information between customers, applications and banks. At the moment, African developers and organisations do not have access to real-time banking data, creating large hurdles during the onboarding and verification of customers.

RelatedStories

Rights Issue: Sovereign Trust Insurance Plc lists 2.864 billion ordinary shares on NGX

Top 10 insurance companies based on premiums received in FY 2024 

April 19, 2025
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 

AIICO’s 2024 profit growth masks a claims-driven underwriting crisis

March 17, 2025

The founding team is proud to boast that Okra is the first in Africa to bridge this gap, delivering a new layer of transparency between organisations and users in the lending, personal & corporate finance and real estate sectors.

READ MORE: 54gene raises $15 million to boost African genetic code, as venture capital hits $19.5 million

With adequate support from the founding team, Fara Ashiru Jituboh and David Peterside, Okra’s technical expertise has already seen them connect with all of Nigeria’s commercial banks. Okra has the likes of Branch, AIICO Insurance PLC, Travelstart, Bamboo, Renmoney and Swipe (YC) amongst others on its clientele list.

Chief Executive Officer, Jituboh, said, “Our thesis is simple — financial innovation cannot exist without the proper infrastructure, which is data. Essentially, how far the African fintech sector can grow is intrinsically tied to the success of infrastructure like Okra and with our core market in Nigeria, we’re opening the door to another level of innovation in Africa’s largest market.

“There are approximately 125mn banks accounts in Nigeria alone — but over the course of the next two years, we will see that figure rise exponentially, which presents huge opportunities for growth. Our role within this is to deliver ease, speed and transparency to key players within the fintech space so they can get back to driving our continent forward.”

Partner at TLcom, Andreata Muforo, explained that his company is always on the lookout for startups with the potential for high value-generation and Okra’s technology provides the foundation for new fintech solutions in Africa for years to come.

READ ALSO: Lagos offers tech founders N250 million seed fund, cuts stringent access 

“Equally, it was important for us to know that their leadership had the entrepreneur-led focus, which is crucial for execution. Fara’s background was vital here. She’s an expert in over 20 programming languages, worked with multiple Fortune 500 companies and is a great example of why we’re committed to investing in more female founders. She leads by example and we have seen her and David build a really exciting business, in a little under a year, we’re excited to help them grow further.”

Co-Founder and Chief Operating Officer, Okra, Peterside, said, “When we started Okra last year, our priority was to help African fintech and banks build the best in class technology and solve problems for their customers. This investment marks the next chapter of this mission.

“For too long, simple financial tasks like budgeting, internal reconciliations and credit assessments have been additional stressors for businesses and we’re filling a long-standing gap in the market. Our aim is to make these processes as seamless and pain-free for our clients so they can focus on their core services.”


Follow us for Breaking News and Market Intelligence.
Tags: AIICO InsuranceBambooCorporate Deals in NigeriaNigerian Business NewsNigerian FintechsOkra.TLcomRenmoneyTravelstart
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

Related Posts

Rights Issue: Sovereign Trust Insurance Plc lists 2.864 billion ordinary shares on NGX
Equities

Top 10 insurance companies based on premiums received in FY 2024 

April 19, 2025
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 
Equities

AIICO’s 2024 profit growth masks a claims-driven underwriting crisis

March 17, 2025
Top 10 loan apps in Nigeria by user ratings as of September 2024 
Exclusives

Top 10 loan apps in Nigeria by user ratings as of September 2024 

September 11, 2024
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 
Blurb

AIICO needs to sustain first half of 2024’s growth and share price rally

August 19, 2024
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 
Company News

AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 

August 1, 2024
Nigerian Stocks: List of Dividends announced in 2023
Dividends

Nigerian Stocks: List of Dividends announced in 2024

July 22, 2024
Next Post
HOW CLEVIFY IS TURNING MOBILE DEVICES INTO CLASSROOMS

How Clevify is turning mobile devices into classrooms

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • Kogi State remodelling over 200 PHCs with 95% state government funding – Commissioner  
  • President Tinubu appoints new governing council members for UNIABUJA, UNN, NAU 
  • Lagos State begins NIN integration into social register across 57 LGAs 

Follow us on social media:

Recent News

Supreme Court quashes Ajaka’s request to replace Kogi governor Ododo 

Kogi State remodelling over 200 PHCs with 95% state government funding – Commissioner  

May 28, 2025
FG Promissory Notes rise to N1.65 trillion, up 114% in one year under Tinubu 

President Tinubu appoints new governing council members for UNIABUJA, UNN, NAU 

May 28, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics