# Auka AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/auka

- Industry: Financial Services
- Headquarters: Oslo, Norway
- Website: www.auka.io
- Total disclosed funding: $7M
- Latest round: Series A (Feb 1, 2014)
- Investors on record: 2

## About

Auka AS is a Norwegian technology company specializing in digital payment solutions, facilitating innovative mobile payment services for both businesses and consumers, aimed at enhancing financial transactions.Founded in 2010 in Oslo, Norway, Auka AS focuses on mobile payment solutions. The company was established by Daniel Döderlein, who has extensive experience in the technology sector. Auka raised NOK 15 million in November 2018, led by SpareBank 1 Gruppen AS, marking its second investment round, and has successfully secured a total of NOK 15 million in funding to date.Auka AS provides comprehensive digital payment solutions that enable businesses and consumers to engage in efficient financial transactions. Their primary offerings include mobile payment platforms designed for various sectors, including retail and e-commerce. The services are tailored to meet the needs of small to medium-sized enterprises (SMEs) and individual consumers, allowing seamless transactions across multiple devices. Auka markets its products in diverse geographical regions, including Europe and parts of Asia, catering to a wide client base.Auka AS generates revenue through service subscriptions and transaction fees associated with its digital payment solutions. Clients engage in various pricing models, including pay-per-transaction and subscription plans that enable access to their mobile payment services. This structured revenue model supports long-term client relationships and repeat business within the payment processing ecosystem.Looking ahead, Auka AS plans to launch new features in its mobile payment platform aimed at enhancing user experience and security by the end of 2023. The company is also targeting expansion into additional European markets, aiming to increase its presence in Germany and France by mid-2024. The NOK 15 million raised in November 2018 will support these initiatives, particularly in scaling operations and improving service offerings.

## Funding rounds

- Series A, Feb 1, 2014, $7M — Northzone, Entree Capital

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series A