Akouba Employee Directory
BankingIllinois, United States11-50 Employees
Akouba, operating as Akouba by Velocity Solutions, serves traditional brick-and-mortar lenders by enabling small-business financing. Through an automated underwriting platform, banks can offer loans with clearly stated terms in less than 48 hours. The platform is said to help banks capture about 50% more loan applications, reduce underwriting time by 75%, and offer rates roughly 90% cheaper than online lenders. Based in Chicago, Illinois, Akouba operates in the banking industry, focusing on community financial institutions and traditional banks. It aims to streamline the financing process for small businesses by providing tools that support faster onboarding and underwriting, helping local lenders compete more effectively. In February 2024, Akouba Credit was recognized as a finalist in the lending category by PR Newswire.