Asaak is a digital lending platform that provides credit and financial services to underserved small and medium-sized business owners in Africa, with an initial focus on the mobility sector. The company leverages mobile technology and alternative data points to create credit scores and disburse loans to individuals who are often excluded from the traditional banking system. Founded with the mission to unlock the economic potential of entrepreneurs, Asaak primarily offers asset financing for tools of the trade, such as motorcycles (boda bodas) for taxi drivers in Uganda and Kenya, enabling them to own their equipment and increase their income.

Founded in

United States