This post is part of our live coverage of FinovateFall 2013.
stepped up to the stage to show its prepaid P2P payments solution:
“Akimbo is reinventing the allowance with a card that delivers money anytime, anywhere. Akimbo offers free and instant money sharing, and each Akimbo member can create up to 5 sub-cards for kids, students, friends, staff or anyone. Cardholders can link bank accounts and set up automatic allowances to sub-cards or any other Akimbo member.
The Akimbo Card provides immediate access to sent funds everywhere Visa debit is accepted and at ATMs. Cardholders can access and manage their account and sub-cards from any mobile, tablet, or desktop device using our HTML5, adaptive-display web app, or native iPhone app.”
Product Launch: March 2013 (New Platform: August 2013)
Metrics: Raised $2.2M to date, 12 employees, 20,000+ users
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: San Antonio, TX
Founded: January 22, 2010
Presenting Houston Frost (CEO)
The full demo video will be available at Finovate.com in mid-September.