Overview

AKKO provides protection plans for personal electronic devices such as laptops, tablets, and smartphones. These plans cover theft, damage, and loss, and are sold on a subscription basis with monthly or annual payments. Customers choose from different coverage levels and can receive quick reimbursements through instant cash payouts via PayPal, Zelle, or check, or opt to receive refurbished devices in very good condition if a claim is made. AKKO aims to offer affordable, reliable protection with higher coverage limits and faster claim processing than traditional renters' or homeowners' insurance. The company differentiates itself by its fast claims and substantial coverage, along with flexible payout options, targeting individual consumers seeking straightforward gadget insurance.

Simplify's Take

What believers are saying

• Acquired Upsie in 2026, expanding extended warranty capabilities.
• Partnered with THE FIX for enhanced device repair services.
• Teamed with Capital One Business Deals for SMB insurance quotes.

What critics are saying

• AT&T, Verizon, T-Mobile in-house plans displace AKKO within 12-18 months.
• AppleCare+, Samsung Care+ erode margins via OEM repairs in 6-12 months.
• Assurant, Squaretrade undercut $15 pricing to $9-12/month in 6-12 months.

What makes AKKO unique

• AKKO bundles phone plus 25 devices for $15/month with unlimited claims.
• Offers instant cash replacements via PayPal or Zelle post-claim.
• Provides low deductibles $29-$99, rates never increase regardless of claims.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$14.8M

Below

Industry Average

Funded Over

2 Rounds

$12,000,000

Series A

Jun 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$12M

$15M

$30M

View all funding stages