Okra not dead: Shuts Nebula, doubles down on payments
- Okra's restructuring process is focused on scaling its payments business.
- The cloud services division, Nebula, has been shut down.
- Fara Ashiru clarified on LinkedIn that Okra is entering a new chapter.
Okra's strategic shift towards its payments business amidst the challenges faced in the open banking sector indicates a proactive approach to adapt to market demands. This could potentially strengthen its position in the fintech landscape, but the success of this transition will depend on effective execution and securing the right partnerships.
