Akoni, a London, UK-based fintech company, raised funding from HearstLab UK.
This is the first investment for HearstLabâ€™s U.K. location, which aims to close the gender gap in venture capital funding.
Led by Chief Executive Officer Felicia Meyerowitz Singh and Chief Technology Officer Panos Savvas, Akoni provides cash management tools for individuals and small and mid-size enterprises.
The company has developed a range of features for personalizing cash solutions using multiple data sources and data science to enable multi-bank management and increasing returns on cash.
Akoni works with a variety of U.K. financial institutions, including wealth managers, wealth platforms and charities.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Large unicorn startups, such as Airbnb and Uber, have taken a billion dollars or more in debt in order to become more successful.
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