About Auka

We help you deliver better banking services and beautiful customer experiences that will increase your revenue.

Auka´s platform enables retail banks to provide innovative products and services to consumers and businesses without the overhead from legacy IT.

Our products are delivered white label and made available on a Software as a Service model. All products and services are realised through consumer and merchant interfaces, that are branded, owned and monetised by the banks.

Our expertise allows banks to become masters of technology-driven innovation and digital user experiences. The Auka technology enables increased customer acquisition and revenue generation enabling banks to fight off competition in an increasingly competitive market.

We also provide customised design, localisation services and technical integrations on-demand.

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Our story

Auka was the first company to launch a mobile wallet in Norway, and the first company to run an FSA-regulated payments platform 100% in the cloud.

Auka was recently awarded Fastest Growing Fintech by Deloitte Fast 500 EMEA. Our technology connects banks with merchants and consumers, currently hosting 17 banks, 9000 merchants and 1 million consumers live on the platform.

We are a Norwegian VC-backed technology company that enables retail banks to issue mobile payment products to its private and merchant customers. The concept behind Auka was founded by Daniel R. Döderlein in 2010 under the name mCASH. The company’s vision was to enable everyone to pay, and get paid with minimal friction. In February 2014, mCASH launched its combined P2P and P2M platform. With one retail bank (BN Bank) and marquee merchants, such as Starbucks and Burger King as partners.

Over the following 20 months mCASH did end-user and merchant acquisition and acquiring, guerilla marketing, merchant onboarding and roll-out, risk management, product iterations and customer support. By fall 2015, the hype curve around fintech started to gain serious traction. With the need for banks to offer attractive and easy to use services mobile payments became a hot topic. As a result, banks who had been watching mCASH´s growth from the sideline now wanted to get new products to the market fast.

In October 2015, mCASH entered into an exclusive territory flagship agreement with the second largest financial institution in Norway, the SpareBank 1 Group. Selling the operational rights and naming rights of mCASH paved the way for the establishment of Auka in the fall of 2015.

Auka helps banks fight a new breed of competition is threatening banks´ traditional business models and customer channels by offering a powerful new channel for customer acquisition and revenue generation. This includes products such as mobile payments, consumer credit, card issuing and clearing and settlement. All products are realised through white-label consumer and merchant applications, that are branded, owned and monetised by banks.

Auka Advisory also offers strategic advice to financial institutions that are investigating- or in the process of launching mobile payment solutions.

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