Asaak Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 121

Employees

  • Latest Deal Type
  • Debt

  • Investors
  • 41

Asaak General Information

Description

Developer of a mobile-based microfinance platform designed to democratize financial services and help businesses grow confidently. The company's platform manages lending operations, underwriting, application processing, investor management, and loan servicing, enabling clients to access various digital finance tools to reach customers.

Contact Information

Website
www.asaak.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Plot 1463, Temanju Lane
  • Kiwatule
  • Kampala
  • Uganda
+256 0800
Primary Industry
Specialized Finance
Other Industries
Financial Software
Vertical(s)
FinTech, Mobile
Corporate Office
  • Plot 1463, Temanju Lane
  • Kiwatule
  • Kampala
  • Uganda
+256 0800

Asaak Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Asaak Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
13. Debt - General Completed Generating Revenue
12. Accelerator/Incubator 16-Mar-2023 Completed Generating Revenue
11. Equity Crowdfunding 28-Jan-2023 Completed Generating Revenue
10. Debt - General 04-Apr-2022 Completed Generating Revenue
9. Later Stage VC (Series A) 14-Mar-2022 Completed Generating Revenue
8. Early Stage VC 26-Aug-2021 Cancelled Generating Revenue
7. Equity Crowdfunding 10-Apr-2021 Completed Generating Revenue
6. Seed Round 01-Jan-2020 Completed Generating Revenue
5. Seed Round 01-Nov-2017 $1.5M $1.65M Completed Generating Revenue
4. Debt - General $584.43 $151K Completed Generating Revenue
To view Asaak’s complete valuation and funding history, request access »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Request a free trial

Asaak Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a mobile-based microfinance platform designed to democratize financial services and help businesses grow co
Specialized Finance
Kampala, Uganda
121 As of 2025

Woburn, MA
 

San Diego, CA
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Asaak Competitors (2)

One of Asaak’s 2 competitors is TimePayment, a Private Equity-Backed company based in Woburn, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
TimePayment Private Equity-Backed Woburn, MA
National Funding Private Debt Financed San Diego, CA
You’re viewing 2 of 2 competitors. Get the full list »

Asaak Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Asaak Investors (41)

Investor Name Investor Type Holding Investor Since Participating Rounds
Village Capital Accelerator/Incubator
Addem Capital Asset Manager Minority
Angel (individual) Minority
ALT Capital Holding PE/Buyout Minority
Bwiz Capital Impact Investing Minority
You’re viewing 5 of 41 investors. Get the full list »

Asaak Acquisitions (2)

Asaak’s most recent deal was a Merger/Acquisition with FlexClub. The deal was made on 03-Sep-2023.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
FlexClub 03-Sep-2023 Merger/Acquisition Automotive
FlexClub Mexico 31-Aug-2023 Merger/Acquisition Specialized Finance
To view Asaak’s complete acquisitions history, request access »

Ready to get started?

Request a free trial

Asaak Affiliates

Subsidiaries (2)

Name Industry Location Year Founded
FlexClub Mexico Guadalajara, Mexico 2019
FlexClub Amsterdam, Netherlands 2018

Asaak FAQs

  • When was Asaak founded?

    Asaak was founded in 2017.

  • Where is Asaak headquartered?

    Asaak is headquartered in Kampala, Uganda.

  • What is the size of Asaak?

    Asaak has 121 total employees.

  • What industry is Asaak in?

    Asaak’s primary industry is Specialized Finance.

  • Is Asaak a private or public company?

    Asaak is a Private company.

  • What is Asaak’s current revenue?

    The current revenue for Asaak is .

  • How much funding has Asaak raised over time?

    Asaak has raised $55.1M.

  • Who are Asaak’s investors?

    Village Capital, Addem Capital, , ALT Capital Holding, and Bwiz Capital are 5 of 41 investors who have invested in Asaak.

  • Who are Asaak’s competitors?

    TimePayment and National Funding are competitors of Asaak.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process