Fintech

Akoni Hub

Akoni Hub London is an uprising Fintech startup focused on investment returns. Open banking innovator providing a cash marketplace to wealth sector partners including software providers, asset managers, wealth platforms, financial advisors and financial wellness apps.
The future of SMEs banking and investing - offering SMEs the money-managing opportunities of large enterprises.
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overview

The startup is founded by experienced financial professionals in 2015. Now, Akoni is fundamentally changing the way business banks and procure financial services, leveraging data to create a personalized and tailored experience for SMEs and small corporates, and our Web Factory team is taking care about the software development area. We have worked closely with Akoni as their tech partner since 2018 and have seen the potential and successful growth of this innovative and future-proof product in the disruptive Fintech sector.

That lead us to become an official partner and investor in Akoni Hub London in 2020. Our investment in Akoni’s business underlines our belief in their future success.

challenges

Our client noticed something very peculiar: SMEs struggled to manage investments properly and the lack of cash flow or opportunities were not the problem - the procedure was.

solution

The solution we’ve created is not just a cash management app - it’s a custom-built platform that collects and analyzes data with mind blowing efficiency to provide users with the best investment opportunities in real-time. Or put most simply, Amazon for SMEs investments!

Technology & Tools


Java Angular AWS Heroku Github

Backend

Highly decoupled microservice architecture developed in Java Spring Boot for the API based backend. Implementation multi-layer security such as tokenized public API calls, private APIs for inter-service communication.

Frontend

Angular based application that acts as a client to the microservice backend. Modular UI allows for robust future-proofing the whole application. 

Team Formation (development and QA team only)

Initial development of a feature with smaller scope with tight deadline (~3 months work)

In depth analysis of the product and technical solution in place

Java (Spring Boot) Angular Amazon Web Services

Joint sessions in London UK, introduction to the whole Akoni team

We had multiple technical sessions in Skopje and London

Enabling API integration for Akoni’s customers and partners

Development of multiple functionalities

Including Digital On-boarding, Open Banking, Identity Verification

Team growth (+ 3 members)

UX UI Design Project Management

Acquiring production access to the platform

Introduction of white labeling of products

Team involvement in technical sessions with banks, third-party service providers and whitelabels

Web Factory tightly integrated in planning, prioritizing and defining scope of work

Tech partner

Our team acquired full production access and became responsible for the technical aspect of the product including support and maintenance on a day-to-day basis 

Valuable support and input

The team is now tightly integrated with operations and business development on Akoni’s side providing valuable support and input in decisions and priorities  

Lowering technical debt

Setting up infrastructure supporting DR (disaster recovery)

Web Factory is now an official partner and investor in AkoniHub London

We have worked closely with Akoni as their tech partner for the last 3 years and have seen the potential and successful growth of this innovative and future-proof product in the disruptive Fintech sector

Certification from an independent Pentest provider indicating low level of security vulnerability

Team Formation

The most important factor for this successful project was the creation of a permanent, highly skilled team that understands the Fintech system and the technology.

Todor Panev

Single point of contact

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results

The following results have been uncovered…

We delivered a brand new product for Akoni which required them 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 on a daily basis. The client have been able to build more technology and deliver results faster to their banking clients and B2B users. By expanding the team we have accelerated the product roadmap.

Attracting the attention of investors from day one, the client was more than thrilled with the final product. Right now, we’ve taken the whole project on a whole other level, where Pendullibrium, one of our spin-off companies, is developing an AI solution that’s going to enhance the user experience even more.

Technologically, Akoni’s product is far more advanced that its competitors. Akoni is high on the Fintech list due to its technical achievements and advancements.

Instant technicaly experienced team


Having permanent team helped to understand the business more and to provide faster, better solutions

Spring boot microservice development with integration of non-relational database, DynamoDB

Custom design and animation for responsive UI components


Embedded and dedicated highly skilled team with long term engagement


Flexible and agile in order to fulfill business needs

Joint sessions in Skopje and London

Instantly available experienced team


Multilayer security


The product is attracting the attention of investors as recognized and awarded Fintech solution

55+ white labels  & 1500+ happy customers

Instant technicaly experienced team


Having permanent team helped to understand the business more and to provide faster, better solutions

Spring boot microservice development with integration of non-relational database, DynamoDB

Custom design and animation for responsive UI components


Embedded and dedicated highly skilled team with long term engagement


Flexible and agile in order to fulfill business needs

Joint sessions in Skopje and London

Instantly available experienced team


Multilayer security


The product is attracting the attention of investors as recognized and awarded Fintech solution

55+ white labels  & 1500+ happy customers

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Listen to the interview with Panos Savvas, Akoni's co-founder and CTO, in which he talks about our collaboration. 

Everyone is incredibly professional, but at the same time very approachable and easy to work with. The Web Factory team has a huge impact on my company!

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Panos Savvas

CTO & Co-Founder, Akoni Hub

Key points to take away

1.

The client was able to make releases in short period of time because of the team composition and outstanding tech capabilities and skillset.

2.

Highly skilled tech team, embedded to the client and acts as an extended team. Agile and permanently allocated for Akoni that is crucial for the business understanding.

3.

3 years after initiating the collaboration, Web Factory made investment in Akoni's product and we're now official partner of Akoni Hub London.

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