Nigeria: Okra Co-Founder Fara Ashiru Jituboh Exits as Startup Shuts Down

Okra blames its shutdown on market challenges, to return about $5.5m unused funds to investors

In a significant blow to Nigeria’s fintech ecosystem, Okra, a pioneering open banking startup, closed shop in May 2025, six years after its launch, with its CEO and co-founder, Fara Ashiru Jituboh, joining UK-based Kernel. Renowned for its API infrastructure that seamlessly connected bank accounts to third-party applications, Okra is now returning an estimated $4 million to $5.5 million in unspent funds to its investors, according to a TechPoint…

Nigeria’s Fintech Trailblazer Okra Shuts Down After Raising $16million Funding - Blackbox Nigeria

Ghazali Ibrahim Nigerian open banking startup Okra, once touted as the “Plaid of Africa,” has quietly shut down operations after nearly five years in the country’s growing fintech space. The company, which raised over $16 million from global investors including Accenture Ventures and Susa Ventures, ceased activities in May 2025 amid mounting operational costs, regulatory delays, and a failure to secure additional funding. Founded in 2019 by Fara…

Okra Co‑founder Fara Ashiru Jituboh Quits to Join British Startup Kernel &

By Aduragbemi Omiyale The co-founder of a Nigerian open finance platform, Okra, Ms Fara Ashiru Jituboh, has left the company to pitch tent with a United Kingdom-based start-up firm, Kernel. She left Okra fintech in May 2025 as the chief executive of operating officer, and is now with Kernel as the Head of Engineering.

Okra Closes Down: What Happened to Nigeria’s Open Banking Pioneer? - Tech

Okra, the once-promising fintech startup behind Africa’s entrance into open banking, has shut down operations.  Its cloud infrastructure product, Nebula, is also no more. And with both gone, one of the continent’s most ambitious tech stories has come to a quiet and unexpected end. Okra Introduces Nebula: Africa’s Own Cloud Solution The company, which raised over $16 million from global investors, officially ceased operations in May 2025. Fara As…

Nigerian Fintech Startup Okra Shuts Down After Raising Over $16 Million

Nigerian fintech company Okra has officially shut down operations, marking the end of one of the continent’s early pioneers in open banking technology. Co-founder and former CEO/CTO Fara Ashiru Jituboh has confirmed the company’s closure and has now taken on a new role as Head of Engineering at the British startup Kernel. According to her … The post Nigerian Fintech Startup Okra Shuts Down After Raising Over $16 Million appeared first on Busines…