Akiba Digital creates inclusive credit scores using alternative databases to allow lenders to rate people and small businesses unreachable by conventional credit agencies. The company provides lenders with detailed credit analytics and real-time lending decisions, and operates an SME platform called Insyts for applications and financial-health tracking. Akiba has connected over 20,000 SMEs to lenders via its ecosystem and reported a 5X month-over-month revenue increase. The startup plans to use new funding to expand market share in South Africa and enter additional African markets, targeting presence in ten or more countries within two to three years. Longer term, leadership has signaled ambitions to expand into South America and pursue unicorn-scale growth by 2027. Akiba was founded in 2017.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2021