Pendulibrium acquires capital from local co-funding program

Pendulibrium and 78 other companies were selected from a total of 236 applicants for acquiring funds from the co-funding program of the Fund for Innovations and technology development in Macedonia.

Pendulibrium is already working on development of a solution using artificial intelligence that will enable its partner Akoni to enrich its financial services. The project’s current research phase shows promising results and clearly defines the next steps for this collaboration.

In this relationship, Akoni’s role is extremely important as it provides huge amount of real data and domain knowledge, two of the project’s pillars.

The broad strokes of Pendulibrium’s plan for the next 18 months is to increase the team and its potential, build infrastructure, strengthen the collaboration with existing clients and partners, develop a sound marketing strategy that will enable increased presence in the FinTech and AI sector, and establish collaborations with universities, academia and communities.

This program is devised to help small and medium sized companies speed up their business development. The selection criteria was based on the following conditions:

• Level of innovativeness
• Project quality
• Capacity of the project team
• Market potential
• Impact

This is a co-funding program which requires the companies to invest a minimum of 30% from the requested capital.

About Pendulibrium

Pendulibrium focus on developing software solutions using artificial intelligence (AI). The company aims to positions itself in the financial market as one of the sectors with greatest potential and possibilities for improvement.

The company also works on bridging the gap between development and businesses.

About Akoni

Akoni is a digital cash treasury manager, ensuring maximum deposit returns for its clients through the portability of cash and cash management tools. Akoni offers its cash management platform directly to businesses, charities and corporate member groups, as well as working with banking partners.

Using innovation and technology, Akoni delivers cash treasury services to businesses and SMEs. Additionally, Akoni are leveraging the current platform and banking relationships to add SME trade intelligence and product prompts.