Akouba

lendingp2p lendingother lending

FOUNDING YEAR: 2014
LOCATION:
Last Update: 05/07/2020

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About

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni-channel experience.

MEDICI Analysis

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni-channel experience.

Focus

PRODUCTS & SERVICES

Cloud based loan origination software for banks & credit unions. The company helps the community and regional banks provided with underwriting platform for small business loans which helps to reduce end to end time and increases profit margins.

REVENUE MODEL

Monthly subscription fee based on application volume

MAIN CLIENTS

Some of the clients FIS

Fiserv

Jack Henry

D&H

etc.

EXISTING PARTNERSHIPS

Partnered with D&H

Experian

Transunion

Paynet

LexisNexis

Armor Hosting

LaserPro

Intuit

and DocuSign

PRIMARY PROBLEM SOLVED

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni channel experience.

Traction

VALUATION / MARKET CAP:

$333 K in 2016

REVENUE

0.0 in 2014

ACTIVE USERS:

0.0043

Momentum

FUNDED

YES

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

May 2016

CONVERTIBLE DEBT

$1 M

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

Views:

238 VISITORS | 943 VIEWS
LATEST FUNDING ROUND

$1 M

TOTAL EMPLOYEES
11-50

About

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni-channel experience.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni-channel experience.

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

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Akouba

About

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni-channel experience.

Focus

PRODUCTS & SERVICES

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni channel experience.

REVENUE MODEL

Monthly subscription fee based on application volume

TOP PROBLEM SOLVED

Akouba provides a digital end-to-end commercial loan platform enabling regulated financial institutions to lend (using their credit policies, risk rating metrics and data) to small businesses simply, efficiently and profitably through an omni channel experience.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

People

FOUNDERS

Chris Rentner

Nick McMillan

Evan Hareras

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: Chris Rentner

CTO, FOUNDER: Nick McMillan

CMO: Amber Smith

COO, FOUNDER: Evan Hareras

CRO: Mike Dillon

INVESTORS:

IrishAngels

IrishAngels

Techstars

Techstars

Techstars

Techstars Chicago

Techstars Chicago

The FIS FinTech Accelerator in Partnership with The Venture Center

The FIS FinTech Accelerator in Partnership with The Venture Center

VC FinTech Accelerator

Momentum

FUNDED

YES

LISTED

NO