Asaak company logo
Redefining asset-financing for Africa51-200 Employees
  • B2C
  • Growth Stage
    Expanding market presence
  • Top Investors
    This company has received a significant amount of investment from top investors
Website
Locations
Company size
51-200 people
Total raised
$1.5M
Markets
MobileBig DataPersonal FinanceMobile PaymentsConsumer LendingEast AfricaFinance TechnologyFin Tech
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Asaak careers

Redefining asset-financing for Africa
Asaak was founded with the mission to unlock financial services for all Africans. Our first product is credit, strategically starting with the idea that we can meet a person's immediate need for capital today and help them save and invest tomorrow. Asaak has created a completely digital end-to-end lending marketplace, enabling Africans to access financial services and investors to invest directly into Asaak's loans.

Within our first target market of mobility, customers typically come to Asaak for a loan to buy a motorcycle to support their work as a ride hailing driver. By working with Asaak, drivers no longer have to lease motorcycles thereby doubling their earning potential. Each loan is backed by the motorcycle itself, a highly liquid asset with slow depreciation. Asaak's motorcycle lending product is the first entry point to other types of asset financing.
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CEO & Co-Founder of Asaak
Total raised

$1.5M

Funded over

1 round

Latest round

Seed (Dec 2017)

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