Hines is delighted to have advised the Board of Akoni Holdings on the sale of its business to Stubben Edge.
Akoni operates a cash management platform that allows savers to invest cash in andacross a range of deposit accounts from different banks and with different terms. Akoni’s platform is widely seen as market leading and is offered through wealth managers, platforms and direct.
Stubben Edge is a technology-based financial services group that enables intermediaries and their clients to make easy decisions about their risks and how to protect or save against them.
- Akoni’s cash management service will be added to Stubben Edge’s insurance and other financial services products
- Akoni’s technological capabilities will be leveraged within Stubben Edge’s digital platform, enhancing functionality and integration with the open banking ecosystem
- Akoni’s client relationships are highly complementary to Stubben Edge’s existing distribution. Together, the two companies will service a number of intermediaries across insurance broking and wealth management
The sale of Akoni Hub, which is regulated, is subject to approval by the FCA.