Kenyan based OkHi has raised US$1.5-million from equity funding led by Chapel Hill Denham. Other investors included the CEO of Flutterwave, Interswitch Group and Founders Factory Africa. 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.
Chapel Hill Denham is a Nigerian based investment banking, investment management firm that is also an alternative asset manager. The firm is well regarded in Nigeria and has received the Euromoney award for “Best Investment Bank in Nigeria” over a period of 6 years and was awarded “Africa’s Best Bank for Advisory” in 2021. The firm covers a range of sectors in Nigeria such as infrastructure, energy and renewables, real estate, SMEs, financial inclusion, healthcare and education.