Akurateco Awarded Substantial AWS Credits: A Game Changer for Business

Akurateco, a global white-label payment software provider, has been granted significant cloud infrastructure credits through the AWS Activate program. AWS provides credits to startups with strong scalability potential, sound business models, and the ability to leverage cloud resources effectively. This transformative opportunity allows Akurateco to develop its product, attract investors, and expand into new markets, strengthening its competitive edge.

We spoke with Yaroslav Nechytaylo, CIO at  Akurateco, a global white-label payment software vendor, to learn how the company secured AWS credits through Amazon Web Services (AWS) and what this means for its future innovations.

What Are AWS Credits, and Why Are They Important?

AWS empowers startups through various programs, including AWS Activate, AWS Startups, and partner accelerator initiatives. The AWS Activate Portfolio provides significant credit grants, but only startups with strong scalability potential and technical maturity qualify.

These credits allow companies to:

• Launch and scale cloud infrastructure efficiently.
• Leverage AI/ML, data analytics, serverless computing, and other AWS services.
• Optimize costs and allocate more resources toward product development.

How Akurateco Was Awarded AWS Credits

Akurateco actively pursued AWS credits using a structured approach. As a white-label payment software provider, the company streamlines payment service launches with a PCI DSS-compliant solution, reducing development costs and time.

Here’s how Akurateco maximized its chances of receiving AWS credits:

• Accelerator participation: Joining well-established startup programs (e.g., Y Combinator, Techstars, Seedcamp).
• Proof of business traction: AWS provides credits to eligible startups with real customers, measurable growth, and a clear roadmap for scaling.
• Strong application: Akurateco presented a compelling case for its technological readiness and innovation.
• Partner recommendations: Some venture capital and technology partners can nominate startups for additional AWS credits.

AWS Services Akurateco leverages 

Nechytaylo states that the AWS services Akurateco utilizes and their benefits are not just tools, they are sources of inspiration and motivation for the team. Each service contributes to our business growth and innovation, fueling their passion for what they do. 

• Amazon S3 (Simple Storage Service)

Amazon S3 is a Scalable Object Storage Solution. For the company, it is not just a storage solution, it’s a critical part of its advanced policies and stack.

• Amazon EC2 (Elastic Compute Cloud)

Amazon EC2 is Akurateco’s backbone for scalable computer capacity. Auto Scaling Groups dynamically scale resources when traffic increases to stay cost-efficient and have the best performance on payment processing and fraud detection platforms. EC2 Spot Instances allow the company to reduce operational costs on non-business-critical workloads.

• Amazon Route 53

As an international DNS service, Amazon Route 53 allows Akurateco to route its users quickly and securely worldwide. They use geolocation-based routing to reduce latency for worldwide clients and obtain quick and stable domain resolution.

• Amazon Load Balancers

Application Load Balancers (ALB) and Network Load Balancers (NLB) optimize request handling and improve failover capabilities. AWS load balancers improve the Akurateco system’s performance and availability.

• Amazon SES (Simple Email Service)

Akurateco relies on Amazon SES for transactional and marketing email, delivering secure and efficient email communication directly from the AWS infrastructure. DKIM, SPF, and DMARC authentication increase email security and deliverability and reduce the possibility of phishing and spoofing attacks.

What AWS Credits Mean for Akurateco

Nechytaylo states: “Receiving AWS credits through the AWS Activate program is a major opportunity for us, allowing us to scale our infrastructure, enhance security, and optimize operations using cloud-native solutions.” These credits provide access to high-performance tools and services that fuel innovation, strengthen security, and streamline processes, without the heavy financial burden of capital infrastructure costs.

Here’s how the AWS credits are transforming the company:

• Scaling without server infrastructure capital costs: Akurateco can now dynamically scale its infrastructure without the capital costs of hardware expenses. They leverage physical servers and cloud computing capacity, ensuring a balanced approach supporting scalability, efficiency, and innovation. This flexibility enables the company to respond quickly to demand shifts and remain agile in a competitive marketplace.
• Simplifying processes with more advanced tools: With AWS tools like AWS Lambda, SageMaker, and RDS, Akurateco can automate processes, streamline operations, and improve efficiency. AWS Lambda allows them to run code without running servers, whereas SageMaker enhances our machine learning to obtain quicker and more accurate insights into data. RDS offers strong, scalable database management to handle large amounts of data without compromising performance.
• Enhance security: With AWS’s security solutions, including AWS WAF and AWS Shield, Akurateco can protect its platform from cyberattacks and be industry-security standards-compliant. These services provide the company with an additional layer of security, protecting their systems and data from attack and providing confidence to their customers.
• Winning investors: “Using AWS cloud services showcases our commitment to scalability and cutting-edge technology, which enhances our appeal to investors,” says Nechytaylo. It also helps to demonstrate that the company has a solid, scalable platform that can handle future growth, making Akurateco more attractive to investors and partners.

In addition to these advantages, AWS credits enable the company to accelerate product development and improve customer satisfaction. With the financial flexibility to experiment and innovate, Akurateco can prototype new solutions and features at a staggering rate to stay at the forefront of the business and adapt to shifting client needs.

Why is This Relevant to Akurateco Customers?

Nechylaylo says: “Companies that choose our solution reap a strategic mix of cost-saving, stability, and cutting-edge technology. We reduce operational costs through optimized infrastructure expense and resource management without compromising customer value. Our integration into AWS offers highly scalable and fault-tolerant infrastructure, supporting millions of transactions at very low latency and near-zero downtime, even under heavy loads.

We continually enhance service quality and innovate by leveraging AI, machine learning, and serverless computing. AWS SageMaker is at the core of our fraud detection mechanism, enabling real-time model training with live transactional data to improve accuracy, detect anomalies sooner, and eliminate false positives. Additionally, AWS’s global network infrastructure enables smooth service delivery, which reduces response time and enhances security. This innovative approach allows us to provide a robust, future-proof payment infrastructure capable of meeting the demands of modern businesses.”

How Do Other Startups Receive AWS Credits?

Startups interested in leveraging AWS credits must show real users, technical maturity, and a definite scaling plan. The key to winning AWS backing is showing how effectively you can utilize these resources to drive business growth and innovation. 

Here’s how you can optimize your chances of receiving AWS credits:

• Join a mature accelerator or incubator. Accelerators like Y Combinator, Techstars, and Seedcamp already use AWS services and can help you access credit opportunities.
• Demonstrate meaningful traction—Show that your business has a set customer base, consistent revenue streams, and measurable growth metrics.
• Present a strong technical case: Highlight how AWS services are core to your infrastructure, optimizing performance, security, and scalability.
• Leverage startup-friendly programs: Apply for AWS Activate, AWS Startups, or other tailor-made cloud grants for startups.
• Build relationships with investors or tech partners: Some venture capital firms and AWSclients can recommend solid startups for higher-level AWS credits.

Articulating your startup’s vision and technical expertise can go a long way in elevating your chances of getting AWS credits and access to beneficial resources for expansion and innovation.

Nechytaylo concludes: “Here at Akurateco, we focus on optimizing cloud benefits and guiding other businesses through this process. Whether it’s structuring your application for AWS programs or leveraging cloud solutions to maximize efficiency, we’re here to help startups navigate their growth effectively.”