# Asaak

> Asaak finances income-generating assets for mobility workers, with motorcycle, smartphone and fuel financing in Uganda and vehicle leasing in Mexico. It combines partner work-history data, a proprietary credit score and credit officers to serve borrowers underserved by conventional lending, and markets its lending software as Meza.

- **Founded:** 2017
- **Headquarters:** New York, United States
- **Founders:** Kaivan Khalid Sattar (CEO and founder), Anthony Leontiev (CTO and founding team member), Edward Egwalu (COO and founding team member), Dylan Terrill (CBO and co-founder)
- **Products:** Boda Boda Loan, Fuel Loan, Smartphone Loan, Personal and repair financing, Asaak Mexico vehicle leasing
- **Notable:** Selected for the 2020 Inclusive Fintech 50 cohort, confirmed by the award organizer., Built a motorcycle-finance business in Uganda and acquired FlexClub’s Mexican operations in 2023., Official about page reports over 142 million kilometers traveled in Asaak-financed vehicles; measurement period is unspecified.

## Products & services

- **Boda Boda Loan** — Ugandan motorcycle financing with an initial deposit and published ownership plans of 12, 24 or 30 months.
- **Fuel Loan** — Fuel financing through an Asaak Fuel Card for working riders.
- **Smartphone Loan** — Financing for smartphones, extending the product range available to riders.
- **Personal and repair financing** — Additional credit described in company material and July 2026 reporting, informed by repayment history.
- **Asaak Mexico vehicle leasing** — Vehicle leasing for platform drivers, with a purchase option described in Mexican product material. Built on the acquired FlexClub Mexico operation.
- **Meza** — Loan management software marketed to microfinance institutions, SACCOs, digital lenders and banks; handles intake, verification, disbursement, collections and reporting.

## Achievements

- Selected for the 2020 Inclusive Fintech 50 cohort, confirmed by the award organizer.
- Built a motorcycle-finance business in Uganda and acquired FlexClub’s Mexican operations in 2023.
- Official about page reports over 142 million kilometers traveled in Asaak-financed vehicles; measurement period is unspecified.
- Launched external availability of its proprietary lending software under the Meza name by 2026.

## Latest updates

- **2026-07** — July 23 Condia interview describes Meza as an external software business and discusses diversification into Mexico. A Meza launch post independently confirms the software offering.
- **2023-08** — Asaak announced its acquisition of FlexClub Mexico on August 31, extending operations to Latin America.

## Links

- Website: https://www.asaak.com/
- LinkedIn: https://www.linkedin.com/company/asaak/
- Twitter/X: https://twitter.com/asaakmobile
- Instagram: https://www.instagram.com/asaakmobile/
- Facebook: https://www.facebook.com/asaakmobile

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Profile page: https://yespress.io/asaak
Published by YesPress — https://yespress.io
Last updated: 2026-10-25