What Akova Fintech Solutions does

Akova Fintech Solutions Private Limited is an India-incorporated payment processor founded in 2020 and headquartered in Kolkata, West Bengal. The company provides a payment gateway solution that targets two distinct customer clusters: small businesses and professional service providers seeking to accept digital payments, and platforms and marketplaces requiring payment infrastructure to charge end customers and settle funds to third parties. The platform is PCI-DSS Level 1 certified and offers Hosted Fields to minimize merchant compliance scope, tokenisation to enable card storage for one-click and recurring billing, and split-payment functionality that supports settlement to Australian bank accounts. Add-on modules extend the platform into invoices, online stores, manual sales entry, in-person sales, and recurring payment management.

The technical stack is built around a modern API-first architecture with developer documentation, SDKs, and integration guides that enable both self-service merchant onboarding and OEM-style embedding by platforms. Akova's stated value proposition centers on reducing payment integration complexity for non-technical professional service merchants while providing platform-grade APIs for technical buyers. Operating geographies span India and Australia, with multi-marketplace settlement as a stated feature.

The business model is transaction-fee based, with revenue derived from per-transaction processing charges, platform/marketplace settlement services, and recurring billing on tokenised subscriptions. Pricing is not publicly disclosed and appears quote-based, varying by transaction volume and merchant type. Distribution is primarily self-serve via the company website (akova.co.in), with API-level distribution to enterprise platform customers. The company claims more than 800,000 merchants on its platform, though the website exhibits minimal content maturity. Headcount is reported in the 101-250 range, with no disclosed institutional funding rounds.

Name

Akova Fintech Solutions

Legal name

AKOVA FINTECH SOLUTIONS PRIVATE LIMITED

Website

https://akova.co.in

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Akova Fintech Solutions is an Indian PCI-DSS Level 1 payment processor offering a payment gateway, Hosted Fields, tokenisation, and split-payment infrastructure for small businesses, professional service providers, platforms, and marketplaces operating in India and Australia.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Tokenization, Network Vaults & Credential Management (FSAGABAF), Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Payment processing
• Payment gateway
• Recurring billing
• Marketplace payments
• Hosted checkout

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Payment Processing: Transaction-based fees from processing digital payments for merchants. Revenue derived from per-transaction charges when merchants accept digital payments through the platform.
2. Platform/Marketplace Solutions: Fees from platforms and marketplaces using split payment functionality. Revenue from settlement services and fund transfer capabilities for multi-sided marketplaces.
3. Recurring Payment Services: Revenue from tokenization-enabled recurring billing, subscriptions, and payment plans for professional services and small businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Akova Fintech Solutions provides a PCI-DSS Level 1 compliant payment processing platform that enables small businesses, professional service providers, platforms, and marketplaces to accept digital payments online and in person. Its offering centers on a payment gateway with Hosted Fields integration, tokenization-based recurring billing and one-click checkout, and split payment functionality for marketplace fund settlements, exposed via modern APIs, SDKs, and developer documentation.

Product overview

Akova Fintech Solutions offers a unified payment platform designed for professional services and small businesses in India. The core product is a payment gateway with Hosted Fields for secure integration, supplemented by tokenisation for recurring payments, and split payments for marketplace functionality. For small businesses, Akova provides modular add-ons including Invoices, Online Stores, Manual Sales, In-person Sales, and Recurring Payments. The platform also includes developer tools with API references, integration guides, and libraries to enable third-party platform integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Gateway A PCI-DSS Level 1 compliant payment gateway enabling businesses, professional service providers, and small merchants in India to accept digital payments securely online via the Akova platform.
• Hosted Fields Embedded payment fields that allow merchants to collect card data securely within their own checkout experience while minimizing the merchant's PCI-DSS compliance scope through Akova's hosted infrastructure.
• Tokenisation Secure token-based card storage service enabling merchants to save customer cards for later charging, supporting one-click payments, payment plans, ongoing subscriptions, and recurring billing flows.
• Split Payments & Marketplaces Multi-sided marketplace payment solution that enables platforms and marketplaces to accept payments and transfer funds to any Australian bank account from the proceeds of transactions, supporting split payment flows between marketplace participants.
• Developer APIs, SDKs and Libraries Developer-facing payment platform offering that includes modern payment APIs, integration guides, API reference documentation, and SDKs/libraries for embedding Akova's payment processing into platforms, products, and marketplaces.

Quantifiable outcome

• 800,000+ merchants onboarded using the platform

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• CCAvenue: Long-standing Indian merchant payment gateway with broad payment-method coverage, dashboards, and integrations targeting SMBs and online sellers, directly overlapping Akova's core Indian SMB segment.
• Cashfree Payments: India-based payment gateway and payouts provider serving SMBs, platforms, and marketplaces with APIs, hosted checkout, and split-payment features that closely mirror Akova's product surface.
• Razorpay: India's leading full-stack payment gateway and platform, offering payment acceptance, recurring billing, marketplaces, and developer APIs to SMBs and enterprises — directly competing for the same Indian merchant and platform accounts as Akova.
• PayU India: Large India-focused online payment gateway serving merchants, marketplaces, and platforms with a comparable suite of payment acceptance, tokenization, and recurring capabilities.
• Instamojo: India-focused fintech offering payment gateway, online stores, and invoicing tools targeted at small businesses and creators — a tight functional overlap with Akova's small business and professional services positioning.
• BillDesk: Long-established Indian payment gateway and aggregator serving merchants and billers with online payment acceptance — historically one of the standard comparator gateways for Akova's Indian SMB customer base.

Broad incumbents

• Stripe: Global payments platform offering payment gateway APIs, hosted checkout, tokenization, and marketplace split payments. As a broad incumbent it competes with Akova for any cross-border merchants and platforms headquartered or operating outside India.
• PayPal: Global incumbent offering merchant payment acceptance, hosted checkout, and recurring billing. Competes with Akova at the broad SMB and platform tier, especially for merchants needing international wallet acceptance.

Emerging players

• Checkout.com: Developer-first global payment processor targeting platforms and large merchants with API-driven acceptance and split-payment infrastructure — overlapping with Akova's platform/OEM positioning at larger deal sizes.

Regional players

• Pine Labs: India-focused merchant payments and POS provider serving retail and in-person merchants. Relevant as a regional competitor addressing the same Indian merchants Akova targets with its in-person sales and online store add-ons.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Customer concentration

• LinkedInlinkedin.com/company/akova

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akova Fintech Solutions