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Akudo

Akudo is a learning-focused neobank for teenagers in India.
Education,  Financial Services  
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Basic Information
Bengaluru-based Akudo is born with the mission to empower India's teenagers with financial knowledge and independence. With Akudo, teenagers get a VISA card for shopping independently (use at Amazon, Nykaa, Swiggy and everywhere else), a Saving Partition to park money and save towards targeted goals to buy the things they want, learn the golden principles of wealth and how to think rich with thought-provoking videos and practical tips, and receive and send money from/to anyone by just sharing a personal link. Currently, the startup has over 1 lakh registered customers and has recorded a 75 percent week-on-week growth in transaction volumes. The startup has also issued 25,000 + cards delivered across 360+ cities across India.
Legal Name
:
Akudo Technologies Private Limited
Headquarters
:
Bengaluru, Karnataka, India
Founding Date
:
2020
No. of Employees
:
<10
Core Team
:
1.  
Lavika Aggarwal
Co-Founder
2.  
Sajal Khanna
Co-Founder and CEO
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Funding

Total Funding

$4.2M

Investors
:
1.  
Y Combinator
2.  
JAFCO Asia
3.  
Incubate Fund India
4.  
AET Fund

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Detail Round Breakdown
Round 1

$4.2M

Series Name
:
SEED
Date
:
27th Sep 2021
Investors
:
1.  
Y Combinator
2.  
JAFCO Asia
3.  
Incubate Fund India
4.  
AET Fund

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Features

Making teenagers financially independent: The story of ed-fintech startup Akudo

[Funding alert] Fin-edtech startup Akudo raises $4.2M seed round from Y Combinator, JAFCO Asia, Incubate Fund India, and marquee angels

[Funding alert] Fin-ed-tech startup Akudo raises Pre-Seed round from Y Combinator, Incubate Fund India

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Making teenagers financially independent: The story of ed-fintech startup Akudo

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