Nigerian Fintech platform and Open Finance (API Economy) pioneers Okra has launched a new product, Okra Lite, to help startups build great products. With Okra Lite early-stage startups can use Okra at a discounted pricing tier.
Okra’s API empowers companies and developers to build products with seamless access to inclusive financial data and secure payments.
The company revealed that Okra Lite is part of a bigger plan to build tailored features for early-stage startups. It said, “In 2022, we’ll unveil our roadmap for this early-stage program.”
Speaking on why it built Okra Lite, the company said, “Building a startup is hard, and we know this first-hand. Secondly, several demands are pulling at scarce funds at the early stage. Hence, spending as much as you wish on essential services can be challenging. Okra Lite fixes this challenge by helping you gain access to the financial infrastructure you need to serve your customers.
“Okra Lite is the launchpad for those brilliant ideas that may have been difficult to implement due to limited funds. Now, you can build with what you can afford. With this support system, we hope to see more startups go to market faster with products that require Okra’s services and scale to become giants in their spaces.”
Over the past year, Okra’s robust data infrastructure has contributed to scaling the efforts of various startups. In many ways, Okra has helped these startups build products that were once deemed impossible to implement in Africa. The company in April secured $3.5M in Seed Fund Round Led by Susa Ventures.
How does Okra Lite work?
Okra Lite gives clients access to:
- Authentication – Free
- Mini Identity (KYC)- ₦50 per API call
- Three (3) months of transactions history- ₦100 per API call
Who qualifies for Okra Lite?
- Early-stage Startups
- Businesses offering micro-loans
- Organizations with a small or no technical team
