Asaak provides asset financing, starting with the African mobility market.
Location: United States, New York
Employees: 51-200
Total raised: $30M
Founded date: 2017
Investors 6
| Date | Name | Website |
| - | The Cataly... | thecatalys... |
| - | Versatile ... | versatilev... |
| - | Catalyst F... | bfaglobal.... |
| - | HOF Capita... | hofcapital... |
| - | Founders F... | foundersfa... |
| 03.06.2020 | HOF Capita... | hofvc.com |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 17.01.2022 | - | $30M | - |
Mentions in press and media 8
| Date | Title | Description |
| 31.08.2023 | Ugandan fintech Asaak acquires FlexClub Mexico as it expands to Latin America | Asaak joins Nigeria’s Paga as one of the few African tech companies to expand to Latin America. Founded in 2016, Asaak offered motorcycle and smartphone loans to Ugandans individually and through partners like SafeBoda. It has now acquired ... |
| 10.02.2022 | Africa poised for fintech boom as funding momentum builds on record 2021 | By the numbers: Tech funding in Africa grew faster than any other region globally in 2021, reaching a total of $5.2 billion, according to private equity firm Partech. Africa attracted twice as much activity as 2020, with 681 rounds, and the... |
| 02.02.2022 | How Untapped Global backs growth stage African startups by using smart asset financing | Share this article: During his presidency, Donald Trump aggressively pursued an “America First” strategy as he sought to “return” the US to its place as the dominant power in the world. Consequently, there was a reduction in aid to developi... |
| 17.01.2022 | Ugandan fintech Asaak raises $30million to support acquisition of motorbikes, smartphones by taxi operators | Asaak, a Ugandan asset financing startup, has secured $30 million in pre-Series A equity and debt funding. The round saw the participation of new and existing investors including Resolute Ventures, Social Capital, HOF Capital, Founders Fact... |
| 16.12.2021 | Untapped Global partners Asaak to finance 2,000+ motorbikes in Uganda | The Boda boda business has become a major source of livelihood for a lot of families across Africa, especially in East African cities. For instance, there are over a million motorbikes currently operating in Uganda, with over 200,000 regist... |
| 09.07.2021 | Founders Factory Africa announces Revix, Asaak and Wazi investments | Joburg-based venture development firm Founders Factory Africa (FFA) announced another investment in three African startups on 8 July 2021. Along with corporate investors the Standard Bank Group and Netcare, FFA announced that they will be ... |
| 09.07.2021 | Founders Factory Africa announces Revix, Asaak and Wazi investments | Joburg-based venture development firm Founders Factory Africa (FFA) announced another investment in three African startups on 8 July 2021. Along with corporate investors the Standard Bank Group and Netcare, FFA announced that they will be w... |
| - | Africa poised for fintech boom as funding momentum builds on record 2021 | By the numbers: Tech funding in Africa grew faster than any other region globally in 2021, reaching a total of $5.2 billion, according to private equity firm Partech. Africa attracted twice as much activity as 2020, with 681 rounds, and the... |