Raising $1M for your startup in Africa is starting to become more common. As of May 21, 54 startups have raised at least $1M in 2020. Raising $1M as an African woman is still frustratingly rare.
Fara Ashiru Jituboh has done just that, raising a $1M pre-seed round for Okra, where she is cofounder, CEO and CTO.
Okra is a Nigeria-based “super-connector” which allows the secure exchange of real-time financial information between customers, applications, and banks.
Think of it like Plaid for Africa. The idea for Okra came from the entrepreneur’s best source of inspiration; solving her own problems.
Jituboh was born in Nigeria, but grew up in the United States. She spent a year in Nigeria as a teenager, but really never expected to settle in Nigeria permanently.
During a visit she kept thinking, “ I can do something really big and really impactful.