$4.2M Seed Funding Raised By Akudo from Y Combinator and Others


Original Content: Business Upside India  

Akudo, a digital bank for teenagers in India is set up to raise a generation of young Indians that are money smart. The name Akudo is derived from the word “Igbo”, the meaning of which is peaceful wealth. It was set up in August 2000, by BITS Pilani Lavika Aggarwal, Jagveer Gandhi, and Sajal Khanna, and IIT Roorkee alumni. 
Akudo offers customized debit cards that can be used by teenagers by which they can save money and earn rewards under a so-called gamified setup if they are good with their finances. 
Presently, the Bengaluru-based startup boasts of more than 1 lakh registered customers and as far as week-on-week growth is concerned, it has registered a 75 percent growth in transaction volumes. As many as 25,000 cards have been issued by the startup across more than 360 cities across the country.

Comments

Post a Comment

Popular posts from this blog

Direct flights have begun between India and Saudi Arabia based on the Travel Bubble Agreement

Image
  Air bubble is an arrangement between the two countries for international flight passengers. Both the countries signed an agreement with maintaining regulations and restrictions. The Indian government has finalized an air bubble agreement with Saudi Arabia to permit all eligible tourists to travel between the two countries. The flights between the two countries will start on January 1, 2022.   India to Saudi flight open date   India symptoms an air bubble agreement with Saudi Arabia; flights start from Jan 1. The Indian government has finalized an air bubble settlement with Saudi Arabia to allow all eligible tourists to journey among the two countries. The flights between the two countries will begin on January 1, 2022. Flight travel bubbles are short-term orders between nations that focus on restarting commercial passenger services while regular global flights are suspended because of the Covid-19 pandemic. India has an air bubble settlement with 35 internati...
Read more

The Wonders of Magnetism Put Forward by Apple

Image
  Apple devices have a reputation for functioning well together as an ecosystem, which has been painstakingly created and usually lived up to. Because of Apple's unique and sophisticated product concepts, many huge IT companies are still striving to compete with Apple's unique and sophisticated product concepts. It focuses on technology advancements as well as current customer expectations and requirements.  One of the distinctive improvements that the firm has added to its product is magnetic power, which focuses on these two characteristics. That's why here's a new approach that probably not even hardest-working and most brilliant nerds ever thought of: Thanks to the strength of magnets; you can "stick" your AirPods to the top of your MacBook screen. Yes, you saw it right; AirPods stick to MacBook.  This topic of discussion boomed after a viral TikTok video displayed Airpods being magnetically stuck to the owner's laptop. Following the viral content, onl...
Read more

The Best Kitchen Tools In India

Image
  Indian homemakers spend quite a lot of time in their kitchens preparing a variety of delectable dishes . It must be easy to use and pleasant to look at. Adding a few small touches to the kitchen may make it both visually appealing and useful. Modern kitchens benefit greatly from the placement of kitchen accessories, which allow us to better decorate and organize our kitchens. Kitchen gadgets make the job easier and more enjoyable. And if you're a busy person who doesn't always have the time or energy to prepare, this is even more critical. For people who cook frequently, kitchen accessories are a must-have, making it easy to locate tools, plates, and cookware . There are a wide variety of culinary accoutrements to choose from. Kitchen accessories are modest but essential gadgets that make cooking easier. Make a meal at home once and you'll see just how much your life will be improved by kitchen equipment. India's top kitchen accessory brands ●      ...
Read more