Business details
- Legal business name
- Akara Fintech Solutions
- Registration number
- BN 9656395
- Entity type
- Business Name
- Business type
- Sole Proprietor
- Country of registration
- Nigeria
- Date of registration
- July 4, 2026
- Business status
- Active
- Principal place of business
- No. 19, Afam Emma Chukwura Lane, Bonsaac, Asaba, Delta State, Nigeria
- Public support email
- support@tryakara.com
- Temporary email
- tryakara@gmail.com
- Website
- https://tryakara.com
- Governing law
- Nigeria, with applicable local laws in supported user countries where required
- Regulator
- [Regulator if applicable]
What Akara Does
Akara provides software tools for verified users to discover, list, coordinate, and track peer-to-peer exchange arrangements.
What Akara Does Not Do
Akara Fintech Solutions is registered in Nigeria as a business name under BN 9656395. Akara provides software tools that help verified users discover, list, coordinate, and track peer-to-peer currency exchange arrangements. Akara is not currently licensed as a bank, remittance company, bureau de change, wallet, escrow provider, payment processor, or money transfer operator.
Eligibility
Users must be 18 or older. Akara supports individual users only at launch. Users outside Africa may use Akara only if they are verified and transacting within supported currency corridors.
Verification Requirement
Users may browse basic information, but must be verified before creating listings, opening trades, adding payout accounts, or completing exchanges.
User Responsibilities
Users must provide accurate information, use their own payout account, confirm payout details, upload true receipts, avoid bypassing Akara, and cooperate with safety reviews.
Trade Rules
A trade expires after 15 minutes. After payment is marked sent, the user cannot cancel and must raise a dispute if something is wrong.
Fees
Akara is free during the launch period. Fees may apply later and will be shown clearly before a user opens or completes a trade.
Safety Action
Akara may restrict accounts, pause trades, suspend listings, require admin review, or ban users for confirmed misuse.
No-custody notice
Akara does not hold, receive, escrow, custody, remit, convert, or move user funds. Users send money directly to each other through their own bank or mobile money accounts. Always confirm payout details before sending money.
This page is a draft and should be reviewed by a qualified legal professional before launch.