Albion Capital joined a seed funding round for London-based fintech Kennek, which has developed software for lenders to improve operational efficiency.
The new capital will be used to develop the startup's UK offering and deepen the functionality of its soft-ware-as-a-service platform, which is designed to help B2B lenders’ grow by bringing their operations onto a single platform.
This fundraise comes amid a period of rapid growth in both the size and complexity of the private credit market, said Albion.
Kennek founder Thibault Lancksweert said: "We are excited to use this fundraise to further develop our offering, broaden our reach and continue to generate positive feedback from thousands more lenders."