kennek, a London, UK-based fintech startup, raised $4.5m in pre-seed funding.
The round was led by Dutch Founders Fund, ffVC, and Plug and Play Ventures.The company intends to use the funds to continue to expand operations and its business reach. Founded in 2021 by Thibault Lancksweert, Edmund Parsons and Xavier De Pauw (CEO), kennek offers a SaaS powered, vertically integrated operating system that enables lenders and loan investors to to streamline their operations and operate cost-efficiently. It provides different modules across origination, servicing & monitoring, investor reporting and access to a capital marketplace.The company serves clients operating in the areas of SME loans, R&D credit, and Commercial Real Estate.The FinTech is working with existing lenders and banks, but also with new lenders that can be launched efficiently with its complete lender-in-a-box. As such, kennek plays the role of lender incubator offering credit expertise, the full operating system, and access to institutional funding. Corporates also use kennek to offer embedded credit and to manage their receivables financing.14/02/2023
