UK-based FinTech kennek, which aims to streamline operations for lenders, has raised $4.5m in its pre-seed round
In Brief:
The round was led by Dutch Founders Fund, ffVC and Plug and Play Ventures
Founded in 2021 by Thibault Lancksweert, Edmund Parsons and Xavier De Pauw, kennek aims to solve two major pain points. The first is the operational scalability for lenders and investors, and the second is efficient funding of credits
To solve the problems, kennek has built an end-to-end operating system that streamlines operations for lenders, credit investors, corporates and servicers in the alternative credit sector
What does this mean?
Dutch Founders Fund’s Laurens Groenendijk said, “De Pauw, Lancksweert and Parsons bring such varied and necessary experience together to address the inefficiencies of lending. The uniquely designed product and lending rails that kennek is creating will make it much easier for lenders worldwide to launch, operate and scale.”
