COMPANY PROFILE

Asaak

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Finance for the mobile generation

New York City, United StatesFounded 2017Fintech

Valuation $0–100M Latest valuation · 2022

Headcount 100–500 Current team size

Total funding $10–50M Disclosed equity funding

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About Asaak

Asaak is a financial technology company that provides mobile financial services aimed at democratizing credit access for businesses in Uganda. The company serves small and medium-sized enterprises (SMEs) that often find it challenging to secure traditional bank loans. Asaak operates in the financial services market, leveraging mobile technology to offer quick loan approvals and personalized customer support. The business model revolves around providing loans to businesses, which in turn helps them grow and become more financially stable. Asaak makes money through the interest charged on these loans. The company’s mission is to empower businesses by offering accessible and efficient financial solutions, thereby fostering economic growth and development in the region.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2017
Headquarters: New York City, United States
Employees: 123
Open positions: None listed
Dealroom signal: 76.6/100
Industry: Fintech
Sub-industry: Mortgages & Lending
Sector: Fintech, Community, financial inclusion
Technology: Big Data
Client focus: b2c
Investment activity: 1 company, latest Sep 2023
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

Latest news

Press, funding announcements and product moves mentioning Asaak.

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VCEquity / VC	Jan 2023	$500K	$2M	Republic Crypto	—
SEEDEquity / VC	Jul 2022	$0	—	Spark Esports & Entertainment	—

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Growth signals

Asaak website traffic

Latest recorded traffic for Asaak is 1.9K monthly website visits, up 458.8% over the last three months. Asaak's team grew 10.8% over the past year.

Latest monthly visits1.9K 3-month web change+458.8% 1-year team growth+10.8%

Monthly website visitsOct 2017–Jul 2026

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