About akudo
akudo was a Financial Services company based in Bengaluru (India) founded in 2020. It offers an app-based neobank designed for teenagers. It operates on a B2C model. akudo has raised $4.2 million across 2 funding rounds from investors including Tribe Capital, Incubate Fund India and Y Combinator. The company has 16 employees. Its Indian entity Akudo Technologies Private Limited reported revenue of ₹49.2 Lakh. The company is recorded as dissolved. Its focus areas include Banking, Neobanking and App-based Services. Its competitors include Streak Card, Finteck, NuCash and Zigii; 1 of its 4 listed competitors has raised funding.
Company details
akudo, established in 2020 and currently in Dissolved stage, focuses on offering financial products and advice, banking, neobanking, and app-based services. Offers an app-based neobank designed for teenagers. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 16
- SectorsFinancial Services
- Website akudo.in
- Social X
- Legal Name Akudo Technologies Private Limited
- Date of Incorporation 01 Aug, 2020
- Jurisdiction Sonipat, Haryana, India
- Annual Revenue₹49.2 Lakh
FY 2024 · -30% YoY
- Net Loss-₹6.07 Cr
FY 2024 · -1234% margin
- EBITDA-₹6.04 Cr
FY 2024 · -1227% margin
- Total Equity Funding$4.2M (USD)
in 2 rounds
- Latest Funding Round$4.2M (USD), Seed
Sep 2021
- InvestorsTribe Capital
& 11 more
- Employee Count16
Associated legal entities of akudo
akudo operates through Akudo Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akudo Technologies Private Limited CIN U72900HR2020PTC088020 | Under Liquidation | 01 Aug 2020 | Sonipat, Haryana | ₹0.5 Cr | 16 | 3 | View details |
Funding Insights of akudo
akudo has successfully raised a total of $4.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.2 million completed in September 2021. 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 $4.2M
- Total Rounds 2
- Last Round Seed — $4.2M
- Investors Count 12
All 2 funding rounds of akudo 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 |
|---|---|---|---|---|---|
| Sep 2021 | $4.2M | Seed | – | Y Combinator, JAFCO Asia | |
| Aug 2021 | – | Seed | – | Y Combinator, Incubate Fund India | – |
12 investors in total: 6 institutional and 6 angel.
Investors in akudo
akudo has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Tribe Capital, Incubate Fund India and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Investments in early-stage tech startups are made by JAFCO Asia. | – | jafcoasia.com | Singapore, Singapore | |
Venture capital fund investing in early-stage tech startups | 2016 | incubatefund.in | Tokyo, Japan | |
Investments in entertainment and technology are made by AET Fund. | – | aet.fund | Shinagawa, Japan | |
Investments are made in global seed and early-stage startups. | 2018 | tribecap.co | Menlo Park, United States | |
Tech startups receive investments from Cabra VC firm. | – | cabra.vc | Riga, Latvia | |
LK Lalit Keshre | Co-founder of Groww, leading Indian investment platform, active angel investor | – | unknown_bc555c074d1842aa8 | - |
MD Mohit Daga | - | – | unknown_6deacdf03b364ffa9 | - |
RS Romeen Sheth | - | – | unknown_bedc3cabe76d41908 | - |
AS Anup Singh | - | – | unknown_6a3a7f3df0834317a | - |
Investor details for akudo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Akudo Technologies Private Limited (akudo)
Akudo Technologies Private Limited is the primary company behind akudo. The board of Akudo Technologies Private Limited currently have 3 directors; the longest-serving is Sajal Khanna, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sajal Khanna DIN 08817995 | Director | 01 Aug 2020 | 6 yrs 2 mo | Akudo Technologies Private Limited |
| Lavika Aggarwal DIN 08817994 | Director | 01 Aug 2020 | 6 yrs 2 mo | Akudo Technologies Private Limited |
| Ganesh Pai Panduranga DIN 06802813 | IRP/RP/Liquidator | 07 Feb 2025 | 1 yr 8 mo | Akudo Technologies Private Limited |
People of akudo
2 people are tracked at akudo (1 in leadership, 1 in team); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
Swapnil Kulkarni | Chief Of Staff | Leadership |
Aaryan Kumar | Software Development Engineer In Test | Team |
Complete people profiles for akudo
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Financials of akudo
Figures of Akudo Technologies Private Limited, the primary company behind akudo, for FY 2024. Revenue was ₹49.2 Lakh (-30% year on year). Net loss was -₹6.07 Cr (-1234% margin). EBITDA was -₹6.04 Cr (-1227% margin).
- ₹49.2 LakhRevenue · FY 2024 · -30% YoY
- -₹6.07 CrNet loss · -1234% margin
- -₹6.04 CrEBITDA · -1227% margin
- ₹32 LakhPaid-up capital
- 16Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Akudo Technologies Private Limited are on its company page.
Detailed financial statements for akudo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of akudo
3 dated milestones of akudo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded akudo is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $4.2M.
Competitors of akudo
akudo has 4 listed competitors in our database, 1 of them funded. They include Streak Card, Finteck, NuCash and Zigii, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| streakcard.com | 2020 | Bengaluru, India | $678,579 | – | Digital bank for teenagers | |
| finteck.in | 2022 | Bhubaneswar, India | – | – | Online money management platform for teens | |
| nucash.money | 2020 | Mumbai, India | – | – | Digital app for fast education loans and financial management services. | |
| zigii.in | 2021 | Noida, India | – | – | Provides B2B platforms for travel bookings and secure transactions. |
Detailed competitors of akudo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of akudo
The website of akudo (akudo.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 23.5% vs previous month
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as akudo (Banking & FinTech Platforms), 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 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
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 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Akudo
Complete news archive for akudo
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Frequently Asked Questions about akudo
akudo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
akudo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
akudo is a funded company, having raised a total of $4.2M across 2 funding rounds to date.
akudo has 16 employees.
The primary company behind akudo, Akudo Technologies Private Limited, reported revenue of ₹49.2 Lakh for FY 2024, down 30% year on year.
akudo, established in 2020 and currently in Dissolved stage, focuses on offering financial products and advice, banking, neobanking, and app-based services. Offers an app-based neobank designed for teenagers. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
akudo's top competitors include Streak Card, Finteck and Zigii.
akudo has 12 investors. Key investors include Tribe Capital, Incubate Fund India, Y Combinator, JAFCO Asia, and AET Fund.
akudo operates through Akudo Technologies Private Limited.
The legal entities of akudo currently have 3 directors, including Ganesh Pai Panduranga, Sajal Khanna, Lavika Aggarwal.