About Aku
Aku is a company based in Lagos (Nigeria) founded in 2020 by Patrick Onwumere. It operates as a FinTech. Aku offers products and services including Aku Pay, Aku Cards, and Aku Mobile. Aku operates in a competitive market with competitors including Kuda, Carbon, FairMoney, Sparkle and Kredi Bank, among others.
- Headquarter Lagos, Nigeria
- Founders Patrick Onwumere
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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
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- Legal Name Akupay Services Limited
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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of Aku
Aku offers a comprehensive portfolio of products and services, including Aku Pay, Aku Cards, and Aku Mobile. 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.
Aku Pay facilitates easy sending and receiving money.
Aku Cards offer a smarter payment method daily.
Aku Mobile enables simple banking via phone app.
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Funding Insights of Aku
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Seed - Aku | Valuation | The Fintech Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Aku
Aku has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Fintech Fund. 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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Investments in early-stage fintech and DeFi startups are managed.
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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 Aku
| 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 - Aku
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Aku Comparisons
Competitors of Aku
Aku 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 Kuda, Carbon, FairMoney, Sparkle and Kredi Bank, 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 |
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| domain | founded_year | HQ Location |
Kuda is recognized as a digital banking app for Africans.
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| domain | founded_year | HQ Location |
Digital banking services for individuals and businesses are offered.
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| domain | founded_year | HQ Location |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Digital financial services are offered to individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Aku
When was Aku founded?
Aku was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Aku located?
Aku is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Aku do?
Aku is operated as a financial technology company based in Nigeria, focusing on digital payment solutions. Services are provided in the form of easy payment systems through Aku Pay, debit card offerings via Aku Cards, and mobile banking with Aku Mobile. The company is licensed by the Central Bank of Nigeria, ensuring secure transactions with end-to-end encryption. Operations are centered in Lagos, targeting creatives and individuals seeking simplified financial management.
What products or services does Aku offer?
Aku offers Aku Pay, Aku Cards, and Aku Mobile.
Who are Aku's investors?
Aku has 1 investor. Key investors include The Fintech Fund.