About Aku
Aku is a Financial Services company based in Lagos (Nigeria) founded in 2020 by Patrick Onwumere. Aku is recognized as a FinTech company offering payment solutions. It operates on a FinTech model. Aku offers products and services including Aku Pay, Aku Cards, and Aku Mobile. Its focus areas include FinTech and Digital Payments. Its legal entity is Akupay Services Limited. Its competitors include Kuda, Carbon and FairMoney; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Lagos, Nigeria
- Founders Patrick Onwumere
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website aku.africa
- Social LinkedIn X Facebook Instagram
- Legal Name Akupay Services Limited
- Investors
Products & Services of Aku
Aku offers a comprehensive portfolio of products and services, including Aku Pay, Aku Cards, and Aku Mobile.
Aku Pay facilitates easy sending and receiving money.
Aku Cards offer a smarter payment method daily.
Aku Mobile enables simple banking via phone app.
Apps and channels of Aku
Aku publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of Aku
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Aku 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 |
|---|---|---|---|---|---|
| Aug 2022 | Seed | – | The Fintech Fund | – |
1 investors in total: 1 institutional.
Investors in Aku
Aku has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Fintech Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage fintech and DeFi startups are managed. | thefintechfund.com | New York, United States |
Investor details for Aku
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Aku
10 people are tracked at Aku (8 in leadership, 1 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Patrick Onwumere | Co-Founder | Leadership |
Umoh Bassey-Duke | Chief Technology Officer | Leadership |
Adaeze Onwumere | CEO and Co-founder | Leadership |
Venon Mapfunde | Head Of Engineering | Leadership |
Olufemi Tejuosho | Head Of Finance | Leadership |
Nwosu David | Director, Digital Banking | Leadership |
Joyce Ibhagbosoria | Head Of Customer Success | Leadership |
Oloruntobi Olukoya | Head Of Information Technology | Leadership |
Arun Upadhyay | Founder and Director | Board & advisors |
David Okeke | Lead Product Manager | Team |
Complete people profiles for Aku
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Aku
2 dated milestones of Aku across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Aku is founded.
- Funding First funding round.
Competitors of Aku
Aku has 3 listed competitors in our database, 3 of them funded. They include Kuda, Carbon and FairMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kuda.com | 2017 | Lagos, Nigeria | $91.6M | Kuda is recognized as a digital banking app for Africans. | ||
| getcarbon.co | 2012 | Lagos, Nigeria | $10M | Digital banking services for individuals and businesses are offered. | ||
| fairmoney.io | 2017 | Ikeja, Nigeria | $54.47M | Digital microfinance banking services are offered to individuals. |
Detailed competitors of Aku
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Aku
The website of Aku (aku.africa) receives about 5.1K visits a month.
- Monthly visits5.1K
▲ 54% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Aku
Aku was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Aku is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
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.
Aku offers Aku Pay, Aku Cards, and Aku Mobile.
Aku has 1 investor. Key investors include The Fintech Fund.
Aku operates through Akupay Services Limited.
Yes. Aku publishes Aku and 1 more app, with over 10,000 downloads.