Akudo
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AKUDO
Akudo is a learning-focused Neo bank for teenagers in India. Akudo offers the best prepaid debit card for teens and kids in India for all online and offline, and rewards teens for mastering money.
HISTORY
Akudo Technologies Private Limited is an unlisted private company incorporated on 01 August, 2020. It is classified as a private limited company and is located in Sonepat, Haryana. It's authorized share capital is INR 10.00 lac and the total paid-up capital is INR 1.40 lac.
The last reported AGM (Annual General Meeting) of Akudo Technologies Private Limited, per our records, was held on 24 June, 2021. Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2021.
Akudo Technologies Private Limited has two directors - Lavika Aggarwal and Sajal Khanna.
The Corporate Identification Number (CIN) of Akudo Technologies Private Limited is U72900HR2020PTC088020. The registered office of Akudo Technologies Private Limited is at 2382, 2nd Floor Sector-15, Near Huda Office, Model Town, Sonipat, Sonepat, Haryana.
FUNDING
Fin-ed-tech startup, Akudo raises Pre-Seed round from Y Combinator, Incubate Fund India on Aug 24, 2021.
Akudo has raised $4.2 million in over 2 seed rounds led by Y Combinator, JAFCO Asia, Incubate Fund India, and AET Fund.
Lead Investors in Akudo:
Incubate Fund India -- Nao Murakami
Y Combinator --
JAFCO Asia -- Supriya Singh
Tribe Capital
The round also saw participation from Tribe Capital, Cabra Capital, and marquee angels like Lalit Keshre (Co-founder Groww), Rohit Taneja (Co-Founder Decentro), Anup Singh (Ex Axis Bank, ICICI Bank), Romeen Sheth (Metasys), Sriram Krishnan (Ex Spotify, Tinder), Mohit Daga and more
Growth
The funding will be used to grow the company's team and improve its product offering in order to reach millions of financially underserved and under-served youth in India. The firm currently has over 1 lakh registered consumers and has seen a 75 percent increase in transaction volumes week over week. The start-up has also issued 30,000 + cards delivered across 360+ cities across India.
