About AkoubaCredit
AkoubaCredit is a Financial Services company based in Chicago (United States) founded in 2014, and was acquired by Velocity Solutions in June 2018. An online platform for originating small business loans is offered. AkoubaCredit has raised $120 thousand across 1 funding round from investors including Velocity Solutions and Techstars. The company was acqui-hired. AkoubaCredit offers products and services including Akouba Platform, Akouba Micro, Invitation Checking System, and Account Revenue Solution. Its focus areas include FinTech, Banking Tech, Loan Life Cycle Management and Loan Origination. Its legal entity is Velocity Solutions. Its competitors include Mirador, Northteq and Lenderfit; 1 of its 3 listed competitors has raised funding.
Company details
Akouba provides online loan origination platform for small business loans. The platform, configured to each lenders underwriting principles, allows small businesses to apply and track their application electronically, with results delivered within 48 hours. The financial institution retains control over the decision, the pricing, the credit policy, the loan dollars, and the customer experience. Lenders cCustomers get the omni-channel access to the application. Akouba is SOC 2 (Service Organization Control) compliant though the American Institute of Certified Public Accountants. It is capable to integrate with many different core systems including FIS, Fiserv, Jack Henry and DH.
- Headquarters Chicago, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website akoubacredit.com
- Social LinkedIn X Facebook YouTube
- Acquired by Velocity Solutions (Jun 2018)
- Legal Name Velocity Solutions
- Total Equity Funding$120K (USD)
in 1 rounds
- Latest Funding Round$120K (USD), Seed
Jul 2015
- InvestorsVelocity Solutions
& 1 more
- Acquired byVelocity Solutions
(Jun 2018)
Products & Services of AkoubaCredit
AkoubaCredit offers a comprehensive portfolio of products and services, including Akouba Platform, Akouba Micro, Invitation Checking System, and Account Revenue Solution.
SaaS for streamlining business lending processes
Platform for quick and efficient business microloans
Tool for managing loan invitations and compliance
Solution for enhancing account revenue in lending
Apps and channels of AkoubaCredit
its YouTube channel Velocity Solutions has 35 subscribers and 30 videos.
Videos from AkoubaCredit
The most watched videos on AkoubaCredit's YouTube channel, Velocity Solutions (35 subscribers). Click a video to play it here.
More on Velocity Solutions.
Funding Insights of AkoubaCredit
AkoubaCredit has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in July 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $120,000
- Total Rounds 1
- Last Round Seed — $120,000
- First Round $120,000
(Jul 2015)
- Investors Count 1
All 1 funding rounds of AkoubaCredit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2015 | $120,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in AkoubaCredit
AkoubaCredit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Velocity Solutions and Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Banking technology solutions are provided for acquisition, engagement, and liquidity. | 1995 | myvelocity.com | Fort Lauderdale, United States |
Investor details for AkoubaCredit
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Timeline of AkoubaCredit
3 dated milestones of AkoubaCredit across 4 years, from founding to its latest funding, stage changes and deals.
- Founded AkoubaCredit is founded.
- Funding First funding round of $120K.
- Exit Acquired by Velocity Solutions.
Competitors of AkoubaCredit
AkoubaCredit has 3 listed competitors in our database, 1 of them funded. They include Mirador, Northteq and Lenderfit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| miradortech.com | 2013 | Portland, United States | $17.31M | 27 | Cloud-based omnichannel lending solutions are offered to banks and institutions. | |
| northteq.com | 2019 | Minneapolis, United States | Loan origination solutions | |||
| lenderfit.io | 2018 | Louisville, United States | 4 | Loan origination is enabled for commercial lending via shared checklists. |
Detailed competitors of AkoubaCredit
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as AkoubaCredit (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Akoubacredit
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Frequently Asked Questions about AkoubaCredit
AkoubaCredit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
AkoubaCredit is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
AkoubaCredit is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Jul 2015.
Akouba provides online loan origination platform for small business loans. The platform, configured to each lenders underwriting principles, allows small businesses to apply and track their application electronically, with results delivered within 48 hours. The financial institution retains control over the decision, the pricing, the credit policy, the loan dollars, and the customer experience. Lenders cCustomers get the omni-channel access to the application. Akouba is SOC 2 (Service Organization Control) compliant though the American Institute of Certified Public Accountants. It is capable to integrate with many different core systems including FIS, Fiserv, Jack Henry and DH.
AkoubaCredit offers Akouba Platform, Akouba Micro, Invitation Checking System, and Account Revenue Solution.
AkoubaCredit has 2 investors. Key investors include Velocity Solutions, and Techstars.
AkoubaCredit operates through Velocity Solutions.
Yes. AkoubaCredit was acquired by Velocity Solutions in June 2018.