A Fintech startup that is democratizing the financial services for SME’s in the UK

21 Feb,2019

Our client, AkoniHub from London is selected among 12 winning Fintechs to advance the future of SME banking in the UK.

the team

Akoni is an innovative company that helps SME’s to maximize their interest earned and manage risk without the hassle of researching rates, setting up then monitoring multiple accounts. They do the work in scanning the marketplace for the best rates and help the companies make the most of their cash safely and securely. They work with Barclays, Aldermore, Metro Bank, Clydesdale Bank, Arbuthnot Latham, Hodge Bank, Oak North Bank, and many more. As an innovative company, they are recognized by BBVA, Forbes, Fintech Influencers, and Nesta.


Panos, Co-founder & CTO of Akoni, has extensive retail and commercial banking expertise. With over 13 years in Banking and Fintech, he has been leading global product development teams and changes management programs for leading financial organizations including RBS, IG Group, Intelligent Environments, and others. He has worked with a wide range of Fintech and e-commerce ventures, providing consultancy on tech strategy and product/service design. As one of the founders, he is currently focused on scaling the Akoni business. Akoni is fundamentally changing the way businesses bank and procure financial services, leveraging data to create a personalized and tailored experience for SMEs and small corporates, and our WF team is here to do the software development part.


What made you choose our services over anything else you could have done?


I have been in touch with the management team at Web Factory for some years and know how they operate. They are extremely diligent, hard-working, and helpful. More importantly, they really are passionate about their projects. I initially had a strong recommendation from mutual contact who was delighted with their work, and we had the opportunity of working together in a small way previously. When it came to the time I needed to scale my development team Web Factory was an obvious choice for me.


What was your problem before you started using our services?


As a start-up in London, hiring quality team members can be very challenging. Much more so since the Brexit referendum. I was looking for a near shorе team that could embed in Akoni. What is more, I needed a development partner that could cover data science skills, java development, and front-end work. Web Factory managed to tick all those boxes, but also brought in management oversight and great relationship management.


What results did you get from our services?


We delivered a brand new product for my company which required us to work quickly and in an agile fashion while still maintaining very high-quality standards. More importantly, we built a strong team that has remained engaged and delivers exceptional value daily.






What has that meant for your business?


The most important factor was the creation of a permanent, highly skilled team that understands our platform, our challenges, and our