Failed 2023

    OkHi (Pivot/Wind-Down)

    Kenyan-Nigerian addressing startup OkHi raised US$8M to digitize African addresses then largely wound down as banks built in-house solutions.

    Founded → Closed

    2014 → 2023

    Funding Raised

    $8M

    Industry

    Geospatial/Identity

    Country

    Nigeria

    Full Analysis

    Operating in Kenya and Nigeria, OkHi tried to give Africans without street addresses a verified digital location for fintech KYC. After ~US$8M raised, deals with banks took 18+ months to close while incumbents built internal alternatives. The company largely wound down operations in 2023.

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