About AkoubaCredit
AkoubaCredit is a company based in Chicago (United States) founded in 2014 was acquired by Velocity Solutions in June 2018.. AkoubaCredit has raised $120 thousand across 1 funding round from investors including Velocity Solutions and Techstars. AkoubaCredit offers products and services including Akouba Platform, Akouba Micro, Invitation Checking System, and Account Revenue Solution. AkoubaCredit operates in a competitive market with competitors including Mirador, Trade Ledger, Upswot, Dancerace and Northteq, among others.
- Headquarter Chicago, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Velocity Solutions
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 1 rounds
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Latest Funding Round
$120 K (USD), Seed
Jul 07, 2015
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Investors
Velocity Solutions
& 1 more
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Employee Count
Employee Count
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Acquired by
Velocity Solutions
(Jun 21, 2018)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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 Total Funding
- Total Rounds 1
- Last Round Seed — $120,000
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First Round
First Round
(07 Jul 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Seed - AkoubaCredit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AkoubaCredit
AkoubaCredit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Velocity Solutions and Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Banking technology solutions are provided for acquisition, engagement, and liquidity.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AkoubaCredit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AkoubaCredit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akoubacredit Comparisons
Competitors of AkoubaCredit
AkoubaCredit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mirador, Trade Ledger, Upswot, Dancerace and Northteq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based omnichannel lending solutions are offered to banks and institutions.
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| domain | founded_year | HQ Location |
Loan origination solution for business loans
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| domain | founded_year | HQ Location |
White-label loan onboarding and monitoring platform is provided.
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| domain | founded_year | HQ Location |
Software for invoice and trade financing is provided by Dancerace.
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| domain | founded_year | HQ Location |
Loan origination solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akoubacredit
Frequently Asked Questions about AkoubaCredit
When was AkoubaCredit founded?
AkoubaCredit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is AkoubaCredit located?
AkoubaCredit is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is AkoubaCredit a funded company?
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 07, 2015.
What does AkoubaCredit do?
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.
Who are the top competitors of AkoubaCredit?
AkoubaCredit's top competitors include Mirador, Trade Ledger and Upswot.
What products or services does AkoubaCredit offer?
AkoubaCredit offers Akouba Platform, Akouba Micro, Invitation Checking System, and Account Revenue Solution.
Who are AkoubaCredit's investors?
AkoubaCredit has 2 investors. Key investors include Velocity Solutions, and Techstars.