Aella
Simplifying instant credit, digital banking, and payments for emerging markets
What it does
Aella (formerly Aella Credit) was founded in 2015 by Akinwande Oni and Peter Akpofure as an automated credit engine that expanded into a full digital bank. The company provides instant consumer loans, health insurance policies, wallet transfers, and high-yield savings plans (Aella Notes). Y Combinator-backed Aella is recognized for data-driven credit risk algorithms.
Consumer / retail lendingDigital / challenger banks (neobanks)Digital savings platformsBill payments & aggregators
Known for
- Y Combinator-backed digital bank
- Instant micro-loans and credit scoring
- Aella Care micro-health insurance
- Aella Notes high-yield savings
Model & industry
SaaSEmbedded FinanceAll / Cross-industry
Funding history
$10.0M
Total raised
2
Rounds
Debt
Latest stage
2020
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2020-02 | Debt | $10.0M | HQ Financial Group |
| 2017-10 | Seed | — | — |
Source: Condia Funding Tracker
Products & subsidiaries
Aella Credit · Instant Micro-LoansAella Care · Digital Health Insurance