Learning Focussed Neobank For Teenagers Akudo Grabs $4.2 Mn From Y Combinator, JAFCO Asia

Learning Focussed Neobank For Teenagers Akudo Grabs $4.2 Mn From Y Combinator, JAFCO Asia

SUMMARY

The funding round also saw participation of Incubate Fund India, and AET Fund

Founded in August 2020, Akudo is a learning-focused neobank for teenagers to help them save money and rewards.

Currently, the startup has over 1 lakh registered customers, and claims to have delivered over 25,000 cards across more than 360 cities across India

Learning-focused neobank for teenagers Akudo has raised $4.2 Mn in its seed round led by Y Combinator, JAFCO Asia, Incubate Fund India, and AET Fund. 

The other participants in the funding round were Tribe Capital, Cabra Capital, and marquee angels like Lalit Keshre (Co-founder Groww), Rohit Taneja (Co-Founder Decentro), Anup Singh (Ex Axis Bank, ICICI Bank), Romeen Sheth (Metasys), Sriram Krishnan (Ex Spotify, Tinder), Mohit Daga among others.

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