When was Aku founded?

Aku was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Aku located?

Aku is headquartered in Lagos, Nigeria.

How many employees does Aku have?

As of Sep 30, 2026, the latest employee count at Aku is 286.

Is Aku a funded company?

Aku is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Aug 05, 2022.

When was the latest funding round of Aku?

Aku's latest funding was a $***** Seed round on Aug 05, 2022, with participation from 1 investor.

Where does Aku rank among its competitors?

Aku ranks 284th amongst 2714 active competitors, of which 205 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Mercury, which secured $200M in May, 2026.

Who are the top competitors of Aku?

Aku's top competitors include Nubank, Chime and Mercury. Among them, Mercury secured the most recent funding round in May, 2026.

Aku - 2026 Company Profile, Team, Funding & Competitors

Aku is a seed company based in Lagos (Nigeria), founded in 2020 by Patrick Onwumere. It operates as a Provider of mobile banking and payment services. Aku has raised an undisclosed amount in funding from The Fintech Fund. The company has 2714 active competitors, including 205 funded and 123 that have exited. Its top competitors include companies like Nubank, Chime and Mercury.

Company Details

Provider of mobile banking and payment services. It offers a platform for easy sending and receiving of money, transforming mobile phones into point-of-sale devices. The platform facilitates linking of bank accounts for streamlined transactions and provides tools for tracking finances. Services include debit card functionality and agency banking options, aiming to increase financial inclusion and empower businesses. Security features include end-to-end encryption and robust data privacy measures.

Website: aku.africa
Social
Email ID: *****@aku.africa

Key Metrics

Founded Year

2020

Location

Lagos, Nigeria

Stage

Seed

Latest Funding Round

Seed, Aug 05, 2022, $*****

Investors

The Fintech Fund & 2 more

Ranked

284^th among 2714 active competitors

Employee Count

286 as on Sep 30, 2026

Similar Companies

Nubank & 879 more

View Aku's full profile

Aku has raised funding over 1 round. Its latest funding round was a Seed round on Aug 05, 2022 for $*****. 1 investor participated in its latest round. Aku has 3 institutional investors.

Here is the list of recent funding rounds of Aku:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 05, 2022	2374342	Seed	2958272	4994512	1454846	2046327

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View details of Aku's funding rounds and investors

The founders of Aku is Patrick Onwumere.

Here are the details of Aku's key team members:

Patrick Onwumere: Co-Founder of Aku.

View details of Aku's Founder profiles and Board Members

Aku's employee count trend

Aku has 286 employees as of Sep 26. Here is Aku's employee count trend over the years:

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Top competitors of Aku include Nubank, Chime and Mercury. Here is the list of Top 10 competitors of Aku, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	89/100
2nd	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Access Industries & 58 others	83/100
3rd	Mercury 2017, San Francisco (United States), Series D	Provider of a comprehensive online platform offering a range of financial services	$546M	TCV, Coatue & 81 others	83/100
4th	BlueVine 2013, Redwood City (United States), Acquired	Provider of business checking accounts, business loans, and business credit cards	$288M	83NORTH, Lightspeed Venture Partners & 28 others	83/100
5th	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including personal and business accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	79/100
6th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 70 others	82/100
7th	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TSG Consumer Partners ... & 150 others	82/100
8th	Qonto 2017, Paris (France), Series D	Provider of business account, payment cards, and financial management solutions	$717M	Alven, Valar Ventures & 27 others	83/100
9th	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including accounts savings and credit	$2.37B	Passion Capital, General Catalyst & 67 others	82/100
10th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	81/100
284th	Aku 2020, Lagos (Nigeria), Seed	Provider of mobile banking and payment services	-	Astir Ventures, The Fintech Fund & 1 others	40/100