Akinon

The company's core offering is a headless commerce platform built on an API-first architecture, designed to unify B2C, B2B, and marketplace operations. This structure allows clients to connect their existing ERP and CRM systems and manage multiple websites and international storefronts from a single back-end. Akinon's business model is commission-based, generating revenue from the gross merchandise value (GMV) managed through its platform. In 2020, the company handled a GMV of $315 million.

The platform includes a suite of applications designed to create a comprehensive omnichannel experience. Key products include 'Akinon Commerce' for digital commerce management, 'Omnitron' for multi-site administration, an 'Order Management System (OMS)' that turns all client locations into distribution centers, and an 'InStore App' to merge online and offline retail channels. Features such as live shopping events, multi-language support, and a PWA-based visual storefront are integrated to enhance customer engagement. The platform supports various fulfillment models, including click-and-collect, ship-from-store, and store-to-store transfers.

Akinon has secured a total of $25.7 million in funding over two rounds. A Series A round in March 2020 brought in $5 million from SmartFin, followed by a $20 million Series B round in August 2021, co-led by Actera Group and Revo Capital, with participation from SmartFin and Endeavor Catalyst. The company serves a range of clients from small enterprises to large corporations, including prominent brands like Lacoste, Marks & Spencer, Samsung, and Sephora.