Akouba

lendingp2p lendingother lending

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 23/02/2021

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About

Akouba by Velocity Solutions is dedicated to helping traditional brick-n-mortor lenders provide qualified small businesses with the simple financing they need, when they need it. Through our state-of-the-art automated underwriting platform, banks can now provide clients with the right loans under very clearly stated terms in less than 48 hours. These banks also: Capture 50% more loan applications Reduce Underwriting time by 75% Still offer rates 90% cheaper than online lendersWe believe anything is possible when a small business has the right tools. Simple financing is just one of these tools, but is perhaps the most critical. If you're a bank looking to compete - reach out and say hello. Let's talk.

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

COMPANY TYPE:

For Profit

REVENUE

0.0 in 2014

ACTIVE USERS:

0.0043

company provided insights
Acquisitions

M&A

ACQUIRED BY

Velocity Solutions

ANNOUNCED DATE

Jun 2018

PRICE

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company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

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AVERAGE VISITS (6 MONTHS)

11.2

MONTHLY VISITS GROWTH

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VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

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PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

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BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

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MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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Innovation Programs

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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

Traction

ANNUAL REVENUE:

$5.0M - $9.99M

ACTIVE USERS/ACCOUNTS:

0.0043 Million

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Techstars

VC FinTech Accelerator

Momentum

FUNDED

YES

LISTED

NO

SEED CLOSED ON

May 2016

FUNDING SERIES