Akt.io announced securing €2 million in capital funding.

Akt.io, a London, UK-based startup working for the development of a neobank, announced that it raised funding of €2 million ($2.4M).

The funding was secured through an equity token offering, enabling the public to acquire real equity in the company – creating a decentralized IPO. The deal is part of the company's efforts to secure a larger series A funding round.

Akt.io, founded as Automata in France by CEO Gael Itier, aims to develops a software tool powering any user with an alternative system of investing, digital banking and retail payments, whereby a shopper could pay for an everyday item with stock. The platform enables customers to make automated fractional investments, earn daily interest pay-outs by depositing funds into high-yield vaults, and buy and exchange financial assets directly.