Kennek Solutions Secures £816.5k Seed Funding to Scale Alternative Lending SaaS

London-based FinTech company Kennek Solutions Ltd has secured £816.5k in a new seed funding round, achieving a post-money valuation of £28.2m. The allotment, dated 6 February 2026 and filed on 13 March 2026, marks the latest capital injection for the vertical software provider as it seeks to digitise the alternative lending market.

Founded in June 2021 by Xavier De Pauw, Thibault Lancksweert and Edmund Parsons, Kennek Solutions operates as a comprehensive SaaS platform for the non-bank lending sector. The company provides an end-to-end operating system designed to manage the entire lending lifecycle. This includes loan origination, credit decisioning, underwriting, monitoring, servicing and investor reporting.

Kennek addresses a significant technological gap in the private credit market. While consumer finance has seen rapid digital transformation, many alternative B2B lenders still rely on fragmented legacy systems and manual spreadsheet processes. By consolidating these functions into a single platform, Kennek enables lenders to scale their operations, reduce manual administrative tasks and meet complex due diligence requirements. The company specifically targets alternative lenders, non-bank financial institutions and credit investors, with a strong focus on the property finance and SME lending markets.

The business currently operates from its London headquarters with a team of 14 employees.

This latest seed round brings £816.5k of fresh capital into the business at a £28.2m post-money valuation. It follows a smaller pre-seed filing of £75k in November 2025, which valued the company at £27.4m. While specific investors for this exact allotment were not disclosed in the filing, Kennek has previously attracted backing from high-profile venture capital firms including HV Capital, AlbionVC, Dutch Founders Fund, ff Venture Capital and Plug and Play Tech Center. The marginal increase in valuation from £27.4m to £28.2m suggests a steady, calculated growth trajectory.

The funding arrives at a pivotal time for the UK alternative lending sector. Traditional banks have increasingly withdrawn from SME lending, creating a £22bn funding gap. Consequently, non-bank finance and alternative lending providers now account for approximately 60% of total SME lending in the UK. The global private debt market is also expanding rapidly and is forecast to reach a value of over £1.8tn by 2027.

Despite a broader contraction in global venture capital, the UK remains Europe's undisputed leader for FinTech investment. Sector funding in the UK reached approximately £8.6bn in 2025, capturing more than a third of all European FinTech investment. However, investor appetite has shifted noticeably toward late-stage, established companies with clear paths to profitability and recurring revenue models. Seed-stage funding in the UK FinTech sector dropped significantly in 2025, making Kennek's successful capital raise a notable exception in a cautious early-stage market.

With this new seed funding, Kennek Solutions is positioned to further develop its core product offering and expand its reach within the UK alternative credit ecosystem, providing essential digital infrastructure to a rapidly growing financial sector.