Akoni, a London, UK-based fintech company, raised funding from HearstLab UK.
The amount of the deal was not disclosed.
This is the first investment for HearstLab’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. It is a Financial Conduct Authority regulated company.