About Asaak
Asaak is a company based in Kampala (Uganda) founded in 2016 by Anthony Leontiev, Dylan Terrill, and Edward Egwalu. Asaak has raised $30 million across 4 funding rounds from investors including Social Capital, Founders Factory Africa and End Poverty. Make Trillions. The company has 3 employees as of December 31, 2021. Asaak offers products and services including Boda Boda Loan, Smartphone Loan, and Fuel Loan. Asaak operates in a competitive market with competitors including Moneylion, SoFi, Avant, Oportun and Earnest, among others.
- Headquarter Kampala, Uganda
- Employees 3 as on 31 Dec, 2021
- Founders Anthony Leontiev, Dylan Terrill, Edward Egwalu
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Asaak Financial Services Ltd
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$30 M (USD)
in 4 rounds
-
Latest Funding Round
$30 M (USD), Seed
Jan 17, 2022
-
Investors
Social Capital
& 6 more
-
Employee Count
3
as on Dec 31, 2021
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
Products & Services of Asaak
Asaak offers a comprehensive portfolio of products and services, including Boda Boda Loan, Smartphone Loan, and Fuel Loan.
Loan for purchasing motorcycles to support transportation needs
Loan for acquiring smartphones to enhance business operations
Loan related to fuel or related services for boda bodas
People of Asaak
Unlock access to complete
Funding Insights of Asaak
Asaak has successfully raised a total of $30M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $30 million completed in January 2022. 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.
Investors in Asaak
Asaak has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Capital, Founders Factory Africa and End Poverty. Make Trillions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
US focused VC firm investing in seed & growth stage companies
|
Locked | Locked | Locked | |
|
Early-stage venture capital funding is provided to founders.
|
Locked | Locked | Locked | |
|
HOF Capital is engaged in venture capital investments.
|
Locked | Locked | Locked |
Investor details for Asaak
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Asaak
Investment portfolio details for Asaak
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Asaak
Detailed financials for Asaak
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Asaak Comparisons
Peer comparison for Asaak
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Asaak
Asaak 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 Moneylion, SoFi, Avant, Oportun and Earnest, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Instant consumer loans and mobile banking are offered online.
|
|
| Locked | Locked | Locked |
Various consumer loans and financial services are offered online.
|
|
| Locked | Locked | Locked |
Consumer loans are facilitated via an online platform.
|
|
| Locked | Locked | Locked |
Online platform for consumer loans
|
|
| Locked | Locked | Locked |
Student loan refinancing and personal loans are offered by Earnest.
|
|
| Locked | Locked | Locked |
Credit cards are provided for consumers, businesses, and healthcare financing.
|
Detailed competitors of Asaak
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Asaak
Complete news archive for Asaak
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Asaak
Asaak was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Asaak is headquartered in Kampala, Uganda.
Asaak is a funded company, having raised a total of $30M across 4 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Asaak is 3.
Asaak was founded in 2016 in Kampala, Uganda, as an online platform in the fintech sector focused on consumer lending. Loans are extended to individuals according to their credit scores for purchases such as motorbikes, smartphones, and fuel, with options for customized amounts, terms, and repayment schedules. Funds are disbursed to registered bank or mobile money accounts, and early repayments are supported. The service is accessible via an Android app.
Asaak offers Boda Boda Loan, Smartphone Loan, and Fuel Loan.
Asaak has 7 investors. Key investors include Social Capital, Founders Factory Africa, End Poverty. Make Trillions, DAO.VC, and Resolute Ventures.