kennek
Complete operating system for lenders
- 21-100 employees
- Fintech
- B2B
- Lending
- SaaS
- API
- Victoria, London, UK
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Company mission
To help every lender operate and scale efficiently.
Our take
Following the global financial crisis, traditional banks permanently retreated from lending to many businesses, particularly to small & medium sized enterprises (SMEs). Many non-bank lenders such as credit funds and P2P lenders have filled this financing gap. However, most of these lenders still use manual tools such as Microsoft Office, and borrowers send a jumble of documents in different formats. Data is not connected or centralised. Workflows are manual, offline & usually very time-consuming.
The result? These lenders are unable to scale – issuing more loans requires an army of expensive administrative staff, or massive investment in the development of their own tech stack, both of which are very expensive. Lenders are also unable to access the institutional funding they use to make the loans because these institutional funds require top-tier systems and a clear audit trail for data. Not only is this an issue for the lenders, but it poses a big problem for the economy as a whole.
This is where kennek comes in. They’ve created a vertically integrated SaaS that helps lenders to streamline and simplify their middle- and back-office operations, bringing together all the lending journey onto a single easy-to-use platform. With a growing demand for lending and credit investor SaaS platforms, the company are well set to success in this space.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 🏕️ Annual team off-sites
- 🧍♂️ No dress code at all
- 🏢 Modern and centrally located office in London
- 💝 We’re still deciding our full benefits package and we’re looking forward to working with our early employees to figure out what matters the most
- 🌍 Genuine flexibility in how and where you work
- 🏝️ 25 days' holiday (with bank holidays on top)
Funding (last 2 of 3 rounds)
Aug 2023
$12.5m
Seed
Oct 2022
$3.2m
EARLY VC
Total funding: $17m
This company has top investors
Leadership
Thibault Lancksweert
(Co-CEO)Previously MD at Aeon Investments, CFO & COO at SME Capital, Vice President at Barclays Investment Bank, Associate at Credit Suisse.
Xavier De Pauw
(Co-CEO)Previously Co-Founder & CEO of MeDirect Bank, Director at Merill Lynch. Current Board Member at Wise EU and Fundcraft and advisor to Blanco Fintech, Ziggma and Edmond de Rotschild Belgium.
Edmund Parsons
(CPO)Previously consultant at Aeon Investments, Director of Product & Operations at SME Capital, Strategy Consultant at Eden McCallum.
Crispin Proctor
(CTO)Previously Head of IT Operations and Engineering at Vive Bank, Data Architecture at Hampshire Trust Bank, Applications and Software Development Manager at Harrods.
Hervé Lagache
(Chief Growth Officer)Previously founder & CEO of Jobtic.fr, leading job media for Rossel and consultant at Roland Berger