Kenyan based OkHi has raised US$1.78-million from the London based Angel Investment Network. OkHi is a digital addressing system for emerging markets that is able to verify addresses and therefore enable any business to collect an accurate address from their customer. The company was founded in 2014 by Timbo Drayson, who previously led the launch of Google Maps and has reputable ties to the technology sector in Silicon Valley. The funding sourced will be allocated to the expansion of operations in Africa as OkHi recently launched in the Nigerian market.
The UK Angel Investment Network was formed in 2004 to assist startups with sourcing seed funding and now has a network of 30 branches in 80 different countries. The Angel Investment Network has 1,472,175 registered members with 252,393 investors and 1,219,815 entrepreneurs and has raised £200-million for startups in the UK and across the world.