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Oct 13, 2016 9:53 AM ET

Archived: Akimbo Financial Inc: Reinventing the allowance with a card that delivers money anytime, anywhere

iCrowdNewswire - Oct 13, 2016

Akimbo Financial Inc.

Austin, TX 78731, US
Financial Services

Akimbo is reinventing the allowance with a card that delivers money anytime, anywhere.

The Akimbo Card is a novel payment account that enables free and instant money sharing with friends and family. Members can create up to 5 sub-cards for teens, students, household helpers, staff members, or anyone. Akimbo makes it easy to link external bank accounts and set up automatic allowances to sub-cards or any other Akimbo Card. The recipient has immediate access to funds using the Akimbo Visa Prepaid Card at merchants or ATMs. Therefore, unlike existing money transfer solutions, Akimbo provides actual money delivery. At the click of a button, you can deliver money to a friend or loved one’s wallet.

In addition, the Akimbo Visa Prepaid Card can act as a full service bank account alternative. Load money by direct deposit, bank transfer, mobile check capture, or with cash at retail locations. The Akimbo Card is a great budgeting tool and helps you keep your bank account safe when shopping online or when traveling.

Akimbo Financial, Inc. is a prepaid card program manager and offers the Akimbo Card both as a direct-to-consumer product and as a turn-key white-label prepaid program to banks and credit unions.

Products / Services

Akimbo Visa Prepaid Card

The Akimbo Card is a novel payment account designed to increase interactivity and control with everyday transactions at merchants and with friends. Using Visa Prepaid as a platform, Akimbo enables instant money transfers between cards and offers immediate accessibility of funds anywhere Visa debit is accepted and at ATMs everywhere. Akimbo cardholders can also send funds via email, Facebook, and text (SMS) delivering a pre-loaded Akimbo Card account to the recipient. The Akimbo Card is a great budgeting tool and helps you keep your bank account safe when shopping online or when traveling.



Chief Executive Officer
Houston Frost

Prior to his involvement in Akimbo, Houston was an Associate in the Fixed Income Strategy Group at J.P. Morgan in New York, where he provided strategy to clients for the Mortgage-Backed Securities Group and later the U.S. Treasuries and Interest Rate Derivatives Team during the tumultuous years of 2007 and 2008. Houston received a B.S. in Chemical Engineering from the University of Colorado at Boulder and a Ph.D. in Chemical and Biological Engineering from Northwestern University.

Director Advisor
Clayton Christopher

Founder and former CEO of Sweet Leaf Tea Company, one of the fastest growing beverage companies in the US, with over $60M in sales and 100+ employees. Nestle purchased Sweet Leaf in June of 2011. Clayton is currently co-founder and CEO of Deep Eddy Vodka and co-founder and Chairman of Rhythm Superfoods. Clayton won the 2006 Ernst and Young Entrepreneur of the Year award for Central Texas, the 2010 AU40 Austinite of the Year Award, AU40 Business and Entrepreneurship Award, and the Austin Business Journal’s Best CEO Award for 2011.

Senior Vice President Engineering
Matt Decker

Matt Decker is a Systems Administrator and Senior Web Applications Developer with over 12 years experience covering all aspects of product life cycle development. Prior to his involvement in Akimbo, Matt co-founded and served as CTO of Interganic, Inc, a design and development firm based in San Antonio, TX. Matt has also worked in a lead technology role at one Austin’s top interactive agencies, producing PHP & ASP.NET based websites for diverse clientele including numerous Fortune 500 companies. He has received several technology related awards including the 2008 Venn Award for his work with British Petroleum (BP).

Senior Vice President Development
Todd Mayberry

Todd Mayberry is an Anthropologist that focuses on Information Architecture and serves as the intermediary between designers and
programmers. Todd previously co-founded and served as COO of Interganic, Inc. Todd has previously worked as a GIS technician in local
government and abroad as a private consultant.

General Information Technology
Michael Peterson

Michael Peterson is a Senior System Architect with diversified experience with startups, worldwide hotel reservations systems, and global
financial payment processors. Prior to his involvement in Akimbo, Michael worked as a programmer at GenaRes, a Senior Systems
Engineer at MPOWER Labs, and as Director of Operations at Prodigy Communications.


Prior Year Revenue Current Year Revenue Next Year Revenue


Company Age Employees Sub-Industry
6 years, 8 months 5 Other Financial Services


Company Type Stock Exchange Stock Symbol
Contact Information:

Houston Frost

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