Nairobi-based OkHi Raises $1.78Million for Expansion
OkHi

A digital addressing system

OkHi is a digital inclusion addressing system offering a solution where everyone in the world can use their address to access reliable services.In other words OkHi is a location sharing app that allows users, mostly without an official physical address, to share their real-time location with others.OkHi addresses location in a completely new way, allowing people to own, update and customize their location to share with the people and services they want, without the frustration of battling the ‘Uko Wapi?’ challenge.

OkHi has raised KSh 193 million in a recent funding round by London’s Angel Investment Network. The startup which has developed a digital addressing system for emerging markets will use the finances to expand its reach in African countries as well as add more staff.

A physical address should be a human right. Whether it’s opening up a bank account or getting an ambulance to your door, every person on this planet deserves access to these services. This raise is a vital stepping stone to unlock our growth into Nigeria as well as explore new markets across Africa, Middle East and Asia. Speaking on the funding, OkHi CEO Timbo Drayson said.

TechRound reports that OkHi recently launched in Nigeria, partnering with Interswitch to solve addressing problems in the country as it makes way for a Series A.The six-year-old startup is trying to solve the physical addressing system in emerging markets to allow access to essential services like banking and ambulance services which require physical addresses.OkHi CEO says that around 4 billion people globally lack physical addresses, which is a crucial component of identification.The startup backed by Airbnb co-founder Nate Blecharczyk and Twitter Chairman Patrick Pichette uses it geolocation technology to drive business decisions that require knowledge of customer locations, as well as support delivery services for business. It is looking to cut pick up time by 19% and boost delivery trips by 10%.

Onlinecash
onlinecash: Our existence in offering up to date information, Emerging Business and Technology News, Reviews and Guides on emerging and existing online opportunities; Happy to Help Our Readers in Making Sound Judgement toward Buying, Investing and Owning a Piece of the Internet Pie.