{"id":479416,"date":"2021-04-21T07:48:09","date_gmt":"2021-04-21T11:48:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/"},"modified":"2021-04-21T07:48:09","modified_gmt":"2021-04-21T11:48:09","slug":"accenture-makes-strategic-investment-in-african-fintech-startup-okra","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/","title":{"rendered":"Accenture Makes Strategic Investment in African Fintech Startup Okra"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Accenture Makes Strategic Investment in African Fintech Startup Okra<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAccenture (NYSE: ACN) has made an investment, through <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Fabout%2Fventures-index&amp;esheet=52415630&amp;newsitemid=20210421005563&amp;lan=en-US&amp;anchor=Accenture+Ventures&amp;index=1&amp;md5=d0489992251e14b4e3f3bfbc957f5881\">Accenture Ventures<\/a>, in Nigeria-based fintech company <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fokra.ng%2F&amp;esheet=52415630&amp;newsitemid=20210421005563&amp;lan=en-US&amp;anchor=Okra&amp;index=2&amp;md5=42a5270ec179af0af52a08c848cf90e0\">Okra<\/a>, an open finance data infrastructure startup serving the rapidly expanding African financial services market.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210421005563\/en\/873081\/4\/Fintech.jpg\" alt=\"Accenture Ventures makes investment in Nigeria-based fintech startup Okra (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Accenture Ventures makes investment in Nigeria-based fintech startup Okra (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nFounded in 2019 and based in Lagos, Nigeria, Okra is an open finance platform that enables developers and businesses to build personalized digital services and fintech products for customers.\n<\/p>\n<p>\n\u201cOkra is a rising fintech star in the high-growth global digital financial services arena, and in the African market, which is home to the world\u2019s largest unbanked population, including a sizable number of underbanked consumers and small-to-medium sized enterprises,\u201d said Tom Lounibos, managing director, Accenture Ventures. \u201cWe believe that Okra has the potential to address critical challenges in Africa and we\u2019re excited to work closely with the team to help scale its solutions for maximum impact.\u201d\n<\/p>\n<p>\nAccording to a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewsroom.accenture.com%2Fnews%2Fbanks-risk-losing-us280-billion-in-payments-revenue-by-2025-according-to-accenture-report.htm&amp;esheet=52415630&amp;newsitemid=20210421005563&amp;lan=en-US&amp;anchor=previously+released+Accenture+study&amp;index=3&amp;md5=df5c484487500bdda7b59eb5fa1fa64d\">previously released Accenture study<\/a>, by 2025, fintech startups could capture as much as $78 billion, or 3.9% of the projected $2 trillion total global banking payments market.\n<\/p>\n<p>\nThe investment in Okra was made through Accenture Ventures\u2019 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewsroom.accenture.com%2Fnews%2Faccenture-launches-project-spotlight-a-new-approach-to-venture-capital.htm&amp;esheet=52415630&amp;newsitemid=20210421005563&amp;lan=en-US&amp;anchor=Project+Spotlight&amp;index=4&amp;md5=39606f2a102b49259617ff62176bb974\">Project Spotlight<\/a> \u2014 Accenture Ventures\u2019 immersive engagement and investment program aimed at connecting emerging technology startups with the Global 2000 to fill strategic innovation gaps \u2014 Okra will also have access to Accenture\u2019s global innovation network, and the opportunity to co-innovate with Accenture software engineers, system architects and payments experts.\n<\/p>\n<p>\n\u201cBy enabling individuals and corporations in Nigeria to connect their bank accounts directly to third-party applications, Okra is powering the much-needed connectivity layer between financial institutions, fintech companies and consumers,\u201d said Fara Ashiru Jituboh, co-founder, chief executive officer and chief technology officer of Okra. \u201cGaining access to Accenture\u2019s global banking experts, clients and technology ecosystem partners through Project Spotlight will contribute greatly to the success and growth of our business moving forward.\u201d\n<\/p>\n<p>\nBorn in Nigeria and a software engineer by the age of 11, Jituboh grew up in the U.S. and went on to study computer science and software engineering at North Carolina A&amp;T State University (an HBCU), and then held positions at JP Morgan Chase and Fidelity Investments as well as a few start-ups before co-founding Okra with David Peterside, the company\u2019s chief operating officer. Following its launch, the startup attracted significant early attention, securing $1 million in pre-seed funding from TLcom Capital.\n<\/p>\n<p>\n\u201cOur investment in Okra is Accenture Ventures\u2019 first investment in Africa \u2013 an emerging market with tremendous long-term growth potential,\u201d said Vukani Mngxati, chief executive, Accenture Africa. \u201cAcross Africa, technology startups are emerging, bringing new thinking and new solutions to help address endemic challenges\u2014from financial inclusion to market access\u2014and stimulating economic growth. Bringing Okra together with our enterprise clients and ecosystem partners will increase the reach and impact of innovation and help African economies accelerate progress and value for all.\u201d\n<\/p>\n<p>\nFor more information on Accenture Ventures, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fventures&amp;esheet=52415630&amp;newsitemid=20210421005563&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.accenture.com%2Fventures&amp;index=5&amp;md5=1179bee4fcca86751df0d185f452ed9f\">https:\/\/www.accenture.com\/ventures<\/a><\/p>\n<p><b>About Accenture <\/b><\/p>\n<p>\nAccenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services\u2014all powered by the world\u2019s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.accenture.com&amp;esheet=52415630&amp;newsitemid=20210421005563&amp;lan=en-US&amp;anchor=www.accenture.com&amp;index=6&amp;md5=628731539986c292b3b4d11e65ccc607\">www.accenture.com<\/a>.\n<\/p>\n<p><i>This document makes descriptive reference to trademarks that may be owned by others. The use of such trademarks herein is not an assertion of ownership of such trademarks by Accenture and is not intended to represent or imply the existence of an association between Accenture and the lawful owners of such trademarks.<\/i><\/p>\n<p><i>Copyright \u00a9 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210421005563r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/<\/a><\/span><\/p>\n<p>\nHannah Unkefer<br \/>\n<br \/>Accenture<br \/>\n<br \/>+1 206 839 2172<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:hannah.m.unkefer@accenture.com\">hannah.m.unkefer@accenture.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Africa United States Nigeria North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consulting Data Management Technology Professional Services Security Other Technology Software Other Professional Services Networks Mobile\/Wireless Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210421005563\/en\/873081\/3\/Fintech.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Accenture Ventures makes investment in Nigeria-based fintech startup Okra (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Accenture Makes Strategic Investment in African Fintech Startup Okra NEW YORK&#8211;(BUSINESS WIRE)&#8211; Accenture (NYSE: ACN) has made an investment, through Accenture Ventures, in Nigeria-based fintech company Okra, an open finance data infrastructure startup serving the rapidly expanding African financial services market. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/ Accenture Ventures makes investment in Nigeria-based fintech startup Okra (Photo: Business Wire) Founded in 2019 and based in Lagos, Nigeria, Okra is an open finance platform that enables developers and businesses to build personalized digital services and fintech products for customers. \u201cOkra is a rising fintech star in the high-growth global digital financial services arena, and in the African market, which is home to the world\u2019s largest unbanked &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Accenture Makes Strategic Investment in African Fintech Startup Okra&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479416","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Accenture Makes Strategic Investment in African Fintech Startup Okra - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accenture Makes Strategic Investment in African Fintech Startup Okra - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Accenture Makes Strategic Investment in African Fintech Startup Okra NEW YORK&#8211;(BUSINESS WIRE)&#8211; Accenture (NYSE: ACN) has made an investment, through Accenture Ventures, in Nigeria-based fintech company Okra, an open finance data infrastructure startup serving the rapidly expanding African financial services market. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/ Accenture Ventures makes investment in Nigeria-based fintech startup Okra (Photo: Business Wire) Founded in 2019 and based in Lagos, Nigeria, Okra is an open finance platform that enables developers and businesses to build personalized digital services and fintech products for customers. \u201cOkra is a rising fintech star in the high-growth global digital financial services arena, and in the African market, which is home to the world\u2019s largest unbanked &hellip; Continue reading &quot;Accenture Makes Strategic Investment in African Fintech Startup Okra&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-21T11:48:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210421005563\/en\/873081\/4\/Fintech.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Accenture Makes Strategic Investment in African Fintech Startup Okra\",\"datePublished\":\"2021-04-21T11:48:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\\\/\"},\"wordCount\":745,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210421005563\\\/en\\\/873081\\\/4\\\/Fintech.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\\\/\",\"name\":\"Accenture Makes Strategic Investment in African Fintech Startup Okra - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210421005563\/en\/ Accenture Ventures makes investment in Nigeria-based fintech startup Okra (Photo: Business Wire) Founded in 2019 and based in Lagos, Nigeria, Okra is an open finance platform that enables developers and businesses to build personalized digital services and fintech products for customers. \u201cOkra is a rising fintech star in the high-growth global digital financial services arena, and in the African market, which is home to the world\u2019s largest unbanked &hellip; Continue reading \"Accenture Makes Strategic Investment in African Fintech Startup Okra\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-21T11:48:09+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210421005563\/en\/873081\/4\/Fintech.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Accenture Makes Strategic Investment in African Fintech Startup Okra","datePublished":"2021-04-21T11:48:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/"},"wordCount":745,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210421005563\/en\/873081\/4\/Fintech.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-african-fintech-startup-okra\/","name":"Accenture Makes Strategic Investment in African Fintech Startup Okra - 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