Akoni Hub
Latest round
- Seed
Last raised
- Nov 2017
Total raised
- $0.8M
Investors
- 2
About Akoni Hub
Founded in 2015, Akoni Hub Limited is headquartered in London, UK, and focuses on providing cash management solutions. The company has engaged in 4 deals, with its most recent deal occurring on December 8, 2021.630 mn.Akoni offers a comprehensive cash management platform designed to facilitate efficient management of cash savings across multiple banks. The core product enables users to access competitive interest rates from over 20+ banks, allowing individuals and businesses to earn interest on their deposits while ensuring FSCS protection. The platform features a savings planner that provides a unified view of all cash held, including both Akoni savings accounts and external accounts, thereby helping users to optimize their cash management strategies. By leveraging an algorithm-powered system, Akoni simplifies the process of selecting suitable savings accounts tailored to client needs, enhancing the overall user experience.The revenue structure of Akoni is primarily driven by transaction fees associated with their cash management services, which encompass account openings and fund allocations to partner banks. Clients engage with the platform through a straightforward application process, wherein once approved, they can begin depositing funds into their chosen bank accounts. The platform generates revenue through a percentage of the savings interest earned by clients, creating a performance-based model that aligns the company’s interests with those of its users. While specific pricing plans are not disclosed, the service is geared toward maximizing clients' savings without additional costs, effectively enhancing their returns on cash deposits.Following the acquisition by Stubben Edge Group Limited on December 8, 2021, the company aims to enhance its digital platform and integrate within an open banking ecosystem. Specific plans include an exploration of opportunities within European markets to diversify their client base and increase market penetration.
Who invested in Akoni Hub
2 investors across 1 round
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Funding rounds
Seed
Nov 8, 2017
Amount
$0.8M
Investors
Questions about Akoni Hub
Who invested in Akoni Hub?
Akoni Hub has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Akoni Hub raised?
Akoni Hub has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Akoni Hub last raise money?
Akoni Hub's most recent round on record is a Seed, in Nov 2017.
What does Akoni Hub do?
Founded in 2015, Akoni Hub Limited is headquartered in London, UK, and focuses on providing cash management solutions.
Where is Akoni Hub headquartered?
Akoni Hub is headquartered in London, UK.
Which VCs invest in companies like Akoni Hub?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Akoni Hub's stage. Their profiles are linked below.
VCs backing software startups at Seed
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