# Kaivan Khalid Sattar

> Kaivan Khalid Sattar is the American founder and CEO of Asaak, an asset-financing company serving mobility workers in Uganda and Mexico. Trained in mathematics, economics and operations research, he previously worked at the Federal Reserve Bank of New York and LendingHome. His experience with an Engineers Without Borders agriculture project in Uganda helped lead to Asaak, which he founded in June 2016 and later focused on financing motorcycles and related needs for boda riders.

- **Role:** CEO and Founder at Asaak
- **Organizations:** Asaak, Federal Reserve Bank of New York, LendingHome (now Kiavi), Engineers Without Borders
- **Nationality:** American
- **Education:** Bachelor of Arts, Mathematics and Economics, New York University, Master of Science, Operations Research, Columbia University, Columbia Engineering
- **Known for:** Founded Asaak and developed its focus on financing productive vehicles for mobility workers., Led Asaak through a $30 million combined equity and debt financing announcement in January 2022., Led the acquisition of FlexClub’s Mexican operations in 2023, taking Asaak into Latin America.

## Career timeline

- **2012–2014** — Senior Research Analyst at the Federal Reserve Bank of New York; worked on macroeconomic modelling and the Survey of Consumer Expectations.
- **2014–2016** — Senior Model Developer at the New York Fed, including credit-card and auto asset-backed-securities risk models for bank stress testing.
- **2015** — First visited Uganda for an Engineers Without Borders agricultural project while studying at Columbia; met future business partner Edward Egwalu.
- **2016–2017** — Worked as a data scientist at LendingHome, now Kiavi. This overlapped with Asaak’s early development.
- **2016** — Founded Asaak in June and relocated to Uganda, according to his own account.
- **2019** — Shifted toward motorcycle asset financing and developed the SafeBoda relationship; attended an Alibaba Business School programme in Hangzhou.
- **2022** — Asaak announced $30 million in pre-Series A equity and debt financing in January.
- **2023** — Asaak acquired FlexClub’s Mexican operations. Sattar dated the transaction to June in his December essay; the public announcement was in August.
- **2025** — Listed as an Asaak founder and CEO speaker for the African Financial Industry Summit Disrupters Club roundtable in Casablanca on November 3.
- **2026** — Discussed Asaak’s lending onboarding and the commercialisation of its in-house software as Meza in a July interview.

## Achievements

- Founded Asaak and developed its focus on financing productive vehicles for mobility workers.
- Led Asaak through a $30 million combined equity and debt financing announcement in January 2022.
- Led the acquisition of FlexClub’s Mexican operations in 2023, taking Asaak into Latin America.
- Helped develop bank stress-testing risk models at the Federal Reserve Bank of New York.
- Asaak’s internal lending software became Meza, offered to other financial institutions by July 2026.

## Latest updates

- **2026-07** — In a Condia interview published July 23 and updated July 25, Sattar discussed customer onboarding, Mexico and Meza, software developed within Asaak and offered to other lenders.
- **2025-11** — Condia reported on November 4 that Asaak deployed more than 2,000 electric motorcycles in Uganda in under four months through partnerships including Spiro.
- **2025-11** — The AFIS programme listed Sattar for a November 3 fintech investment-ecosystem roundtable in Casablanca.

## Links

- Website: https://www.asaak.com/
- LinkedIn: https://www.linkedin.com/in/kksattar

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Profile page: https://yespress.io/kaivan-sattar
Published by YesPress — https://yespress.io
Last updated: 2026-10-27