Akoni provides cash management solutions for businesses, working both with banks and companies - leveraging Open banking to deliver personalised products. The platform algo matches two continually changing circumstances using data innovation, analytics and prompts.
Year Founded: 2016
How did the idea for the business originate?
After previously being frustrated with the lack of resources available to SMEs when she was managing over £50m in cash, Felicia decided to take a DIY approach and set up Akoni to addresses this inequality by providing a digital cash management tool bespoke specifically for smaller businesses and investors.
Do you have customers yet? If not, how far into your business lifecycle are you?
We have 700+ Users registered on our platform.
How have you funded your growth to date?
What would a successful year ahead look like for you?
We have recently launched a new tool for SMEs looking to trade abroad. Getting good feedback for all our trade finance platform and an increase in users and banking partners for our cash management platform is what we are aiming for by the end of 2018.
Outside of your own business, which start up do you admire the most and why?
We are very big fans of Monzo, the online digital bank that has managed to set it self u as a real challenger bank in such a short time by providing a service that really adds value for their customers.
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