Akoni secures seed investment from HearstLab to expand its cash management platform.
HearstLab launches its UK presence by backing the London financial technology company.
Akoni provides digital cash management tools and multi-bank financial solutions for individuals, enterprises and financial institutions. The platform uses data science to personalise cash management and help clients increase returns.
Akoni has secured seed funding from HearstLab as the investor launches its UK operations. The investment marks HearstLab's first deployment in the British market as part of its wider mission to close the gender gap in venture funding. Akoni provides cash management tools and open banking solutions for businesses and financial institutions. The fresh capital and access to Hearst's global network will allow the company to expand its reach and support product innovation across the financial sector.
From the founder
"With Hearst’s investment, we have the opportunity to make a significant impact on the U.K. fintech ecosystem,"
Panos Savvas
Chief Technology Officer at Akoni
Investor perspective
"We are excited to announce that Akoni will be our first investment in the U.K. Their digital tools and customer-centric experience are unmatched, and we look forward to helping them continue to grow and innovate,"
Eve Burton
Chairwoman, HearstLab