kennek secures £10.1m seed investment led by HV Capital to scale its lending platform
The seed round was led by HV Capital with participation from Dutch Founders Fund, AlbionVC, FFVC, and other backers.
London-based kennek provides an operating system designed to streamline and manage the entire lifecycle of private debt lending. The platform unifies underwriting, servicing, and reporting into a single system for alternative lenders.
London financial technology company kennek has secured £10.1m in a seed funding round led by HV Capital. The raise drew participation from several backers including Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One.
The capital will be directed towards expanding the firm's technical team, advancing the product roadmap, and scaling operations in the domestic market alongside continental Europe.
The oversubscribed round closed within ten weeks of launch, propelled by rising demand for digital infrastructure in the non-bank lending sector.
From the founder
"Lenders are really just at the start of the digitalisation journey. kennek is here to help accelerate that journey and provide them with the tools to capitalise on the growth of the non-bank lending space."
Xavier De Pauw
Founder at kennek
Investor perspective
"kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space."
Barbod Namini
Partner, HV Capital
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
