akt - the world’s first wealth-centred neobank

by Startacus Admin
The lowdown on akt, the fintech startup that enables you to create wealth through automated investing and earn daily interest payouts
Investing is an interesting, exciting, and scary proposition for most people. It’s a thing that people do on TV and make millions from it, a thing that you hear about a friend’s uncle being involved in and losing everything, a thing that you’d like to try if only you had some disposable income to shove into an investment.
We have written about this only recently, but trying your hand at investment isn’t usually something you want to do lightly; however, if you are careful about it, it can be a rewarding thing to get involved in, and there are some startups helping you to make the most of it.
French, London-based fintech startup akt (previously Automata) is one such business. akt is the world’s first wealth-centred neobank, which essentially means that you can make money through automated investing (hence their previous name of Automata, we suppose), which pays out daily interest.
The particularly unique thing about akt is the ‘Wealth Card’, which is like a debit card that you can use to pay for things using those daily interest payouts instead of digging into your bank account.
The automated investing is done by akt’s WealthBot, run by proprietary algorithms, and which creates a diversified cryptocurrency portfolio tailored to you personally. It is rebalanced and optimized multiple times a day by the aforementioned algorithms to keep it as smart and on the ball as possible.
Your capital is moved around as the WealthBot sees fit, taking advantage of fluctuations in the market, and reducing risk as much as possible while getting you the best returns possible. As well as cryptocurrencies, your WealthHub allows you to invest in brands. Think that little upstart SpaceX might be going places? Maybe you can find them and invest for when their stock...wait for it...skyrockets. (Disclaimer: SpaceX isn’t publicly traded, that was purely for the incredible pun).
In November, akt raised €1.5m in private investment as part of its Series A round, which brought the total investment to €2m while that round was still ongoing. Their goal is for €7m to further develop the technology behind their neobank.
We would be remiss not to end this with a reminder of how dangerous investing can be, even with the smartest of AIs doing the work for you. Take another look at that article linked in the opening paragraph and always be sure of what you’re getting into!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...

Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.

Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.

Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.

SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.

41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.

Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.

Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future

A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated

Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 13th December 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.