Akudo is a learning-focused neobank for teenagers in India.

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. See more

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

Funding

Total Funding

$4.2M

Investors

:

1.

Y Combinator

2.

AET Fund

3.

Incubate Fund India

See More

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

See More