What OkHi does

OkHi is an AI-powered address verification platform built for emerging markets where formal street addressing is unreliable. Founded in 2014 and headquartered in Nairobi, Kenya, the company provides financial institutions, lenders, and fintechs with a software-only way to confirm where their customers actually live, replacing costly and slow agent-based field verifications. The core offering is a lightweight mobile SDK (OkCollect for address capture plus OkVerify for continuous verification) that integrates into a customer's iOS, Android, React Native, Flutter, or JavaScript application, registers on-device geofences, and transmits enter/exit transit events to OkHi's backend.

The technology stack combines those device-side geofence signals with backend machine-learning models that perform behavioral profiling over a 36-hour to 8-day window (time spent at the address, day vs. night patterns, anti-fraud signals) to assign a verification status. The system is designed to be fraud-resistant: it collects only geofence enter/exit events rather than continuous location, explicitly blocks VPN-based verification, and supports multi-modal inputs including a user-supplied front-gate image plus Google Plus Code. Around the SDK, OkHi exposes a partner REST API (OkAPI v6.22.0 at api.okhi.io/v5), an event-driven Webhook v3 system with HMAC-SHA256 signed deliveries, and the OkDash business dashboard for monitoring and configuration. Layered products include Proof-of-Address Certificates (digital and physical), a Physical Verification API that brokers field-agent jobs through partners Nester Verify and Dojah in Nigeria, and a Proof-of-Personhood endpoint that aggregates a user's terminal 'verified' state across all integrated apps for KYC step-ups.

OkHi monetizes primarily as a B2B SaaS business, licensing its SDK and API to African banks and fintechs on a quote-based enterprise pricing model accessed via a "Request a demo" funnel, with revenue mechanics that combine annual platform subscriptions with usage-based verification consumption. Named customers span retail and digital banks (Kuda Bank, Standard Bank, VBank, Sterling Bank), digital lenders (FairMoney, Black Copper, Aella), payments and remittance players (Flutterwave, Chipper Cash, Leatherback), savings platforms (Piggyvest, Pocket by Piggyvest), and logistics providers (Raven), with the company citing outcomes such as 10x cheaper verification vs. agents, +62% growth in tier 3 accounts, and 50% less non-performing loans. Operations are concentrated in Kenya (300,000+ addresses verified historically) and Nigeria (1M+ verification target from 2022 onward), with active regulatory positioning including NDPR compliance, an NIBBS endorsement to the Central Bank of Nigeria for Tier 3 eKYC, and GDPR/SOC-II certification work in progress.

Name

OkHi

Legal name

OkHi

Website

https://okhi.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

OkHi provides AI-powered address verification for financial institutions and fintechs in emerging markets, using mobile SDKs and ML-based behavioral geofencing to verify customer residential addresses for KYC compliance, fraud reduction, lending, and digital onboarding.

Ownership category

akta.pro rank

Product category

Address Verification Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design Services (541512)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)

akta.pro primary industry

Fraud Prevention & Identity Verification (IDV/KYC) (BPAMAEAI)

akta.pro secondary industries

Identity Verification, Proofing & KYC (IDV) (HDAEAJAI), Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN)

Keywords

• Address verification
• Smart addressing
• KYC proof of address
• Geofence verification
• Digital addressing platform

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. B2B SaaS API/SDK for address verification: OkHi monetizes by licensing its address verification API and SDKs to financial institutions and other businesses, which integrate the SDK into their own mobile apps and consume verifications on an ongoing basis. Pricing is quote-based via a "Request a demo" flow, consistent with enterprise SaaS contracts combining platform access with volume-based verification consumption.
2. Usage-based verification consumption (per-address or per-verification): Each address verification request (digital or physical) represents a metered unit of consumption, with premium features such as downloadable proof-of-address certificates available as a paid add-on ("Certificates are a premium feature") on top of base platform fees.
3. Physical verification via partner network: For locations requiring field-agent verification, OkHi brokers jobs to physical verification partners (Nester Verify, Dojah) and incorporates the resulting reports as part of its paid verification product, taking a margin on each submitted job.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

OkHi provides an AI-powered address verification platform delivered via embeddable mobile SDKs and a REST API. It captures a user's address through a partner mobile app and uses ML-based behavioral analysis of geofence enter/exit events over a 36-hour to 8-day window to assign a verified / not_at_address / unknown status, with continuous re-verification thereafter. The platform is sold primarily to banks, lenders, fintechs, and logistics operators in emerging markets (Kenya, Nigeria, and globally) for KYC, account tiering, fraud reduction, loan underwriting, and last-mile delivery.

Product overview

OkHi offers a single AI-powered address verification platform with a core mobile SDK (OkCollect for address capture and OkVerify for continuous verification) supported by a partner-facing REST API (OkAPI), an event-driven Webhook system (v3), and the OkDash business dashboard. Layered on top are pre-packaged industry solutions (OkHi for Banks / Financial Services), a personal end-user product (OkHi.me Address Book), and add-on features including Proof-of-Address Certificates, Physical Verification (via Nester Verify or Dojah agents), and Proof of Personhood. Web/ecommerce extensions (JavaScript Web Library, WooCommerce plugin) handle address collection on websites. The SDK, API, and webhooks are the technical core; everything else is delivered as integrations, modules, or partner offerings on top of that core.

Differentiator

Problem solved

Functional benefit

Brands

• OkHi.me: OkHi's personal address book product that lets individual users create, verify, manage and securely share their smart addresses.
• OkDash

Quantifiable outcome

• 10x cheaper address verification vs. agent-based verification (Standard Bank case)
• +9 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability6 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core operational partner and secondary operational partner.

• Nester Verifycore operational partnerTechnology or IntegrationField-agent (physical) verification partner integrated via the OkHi Physical Verification API. Customers (e.g., Nigerian banks) submit locations to Nester Verify through OkHi to perform agent-based address verification jobs; the partner's name is an enum value in the API and the resulting report is returned with `verified_by = 'Nester Verify'`.
• Dojahsecondary operational partnerTechnology or IntegrationSecond physical-verification partner integrated via OkHi's Physical Verification API, providing an alternative field-agent network for locations requiring physical verification. Listed alongside Nester Verify as an enum value for `partner_name` in the request body.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Veriff: Global identity-verification platform used by fintechs and banks. Adjacent to OkHi as an end-to-end KYC competitor that could bundle address verification as part of a broader identity suite sold into African banks.
• GBG (Loqate): Identity-verification and address-data incumbent (parent of Loqate). Provides traditional address-verification and geocoding APIs; relevant as an alternative for African enterprises that prefer established Western vendors over emerging-market specialists.
• Jumio: Large global KYC/AML vendor selling end-to-end identity and address verification to enterprise banks. Increasingly active in African fintech and a likely competitor for Tier 3 KYC RFPs that OkHi currently wins.
• Onfido: Global identity-verification incumbent bundling document, biometric, and address checks into enterprise KYC suites. Represents the broader incumbency threat OkHi faces if global KYC platforms add continuous-location or emerging-market address-verification features.
• Google Plus Codes: Google's free, open addressing standard already integrated into Google Maps and embedded inside OkHi's own webhook payload. Represents the platform-level addressing layer that could commoditize OkHi's premium verification if adopted widely across African apps.

Direct peers

• Smile Identity: Pan-African KYC and identity-verification provider offering face, document, and address verification to banks and fintechs across Kenya, Nigeria, South Africa, and beyond. Closest direct competitor for OkHi's bank/fintech address-verification use cases in the same African markets.
• Youverify: Nigerian-headquartered identity, address, and AML/KYC verification provider serving banks, fintechs, and telcos. Overlaps with OkHi on Nigerian banking address-verification workflows and competes for the same Tier 3 KYC budget.
• what3words: Alternative addressing system that assigns every 3m x 3m square on earth a three-word address. Directly comparable to OkHi's mission of providing a usable address in markets without formal addressing, though what3words is descriptive rather than verified.

Regional players

• Dojah: Nigerian identity-verification and KYC platform that is also one of OkHi's physical-verification field-agent partners. Competes with OkHi on Nigerian bank/fintech KYC while simultaneously serving as a downstream partner, creating both a partnership and a substitution risk.

Emerging players

• Identitypass: African identity-verification API (Nigerian-founded, expanding across Africa) offering address, BVN, NIN, and AML checks to fintechs and banks. Competes for the same developer-led, API-first KYC budget in OkHi's core markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/letsokhi
• LinkedInlinkedin.com/company/okhi
• Facebookfacebook.com/letsokhi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds8 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OkHi