Tech in Africa
OkHi, a smart addressing startup has launched its smart address verification product with Interswitch Group (Africa’s leading tech-driven company) focussed on digitizing payments across the continent. Interswitch’s payments and wallet service, Quickteller, is the first Nigerian business to use this OkHi address verification service.
OkHi was founded in 2014 in Kenya. The company provides digital address verification of financial services tackling a problematic space that is holding back growth and stifling credit access to millions of Nigerians. The smart addressing technology eases the verification process for smart addressing technology easing the verification of customer addresses, replacing the need for utility bills and physical visits.
As a result of the new partnership, Interswitch will provide all customers with an OkHi address enabling them to access larger wallets, faster loans while improving last-mile delivery through Quickteller’s Citimart and Global Mall. Quickteller customers use an OkHi address which can also be used for other personal purposes such as by delivery services.
OkHi’s technology presents a smart alternative to the existing KYC and paper-reliant processes. This digital service is seamless, fast, and cost-effective. In comments shared on the launch, OkHi CEO/Founder Timbo Drayson said, “To have Interswitch launching us to millions of people, via Quickteller, gives us an incredible platform to tackle financial inclusion in Nigeria.”
Chinyere Don-Okhuofu from Interswitch Group said, “This partnership with OkHi is built on the need to digitize and simplify the existing address verification system”
In future prospects, OkHi is expected to make new announcements with top customers in the neo banking and mobile lending space. You can find out more about OkHi’s entrepreneurial journey in a Q&A Tech in Africa interview with CEO Timbo Drayson.
