What kennek does

Kennek Solutions Ltd is a London-based fintech founded in 2021 that builds a cloud-based loan management SaaS platform purpose-built for specialist bridge and development lenders in the UK property finance market. The platform unifies loan origination, servicing, portfolio monitoring, and borrower communications into a single system of record, replacing the spreadsheets and fragmented LOS/LMS stacks historically used by specialist lenders. Core components include automated credit and applicant checks via integrations with Creditsafe and TransUnion, embedded payment rails through a partnership with Modulr FS, and an AI-powered Automated Enquiries module that uses natural language processing to handle inbound broker and borrower queries. Kennek operates with 11-50 employees and is a member of the Bridging & Development Lenders Association.

Kennek serves approximately 14 named UK specialist lenders across mid-market and enterprise tiers, including Hope Capital, Bluecroft Finance, Signature Property Finance, Proxima Capital, Property Bridges, TFG Capital, Offa, Black & White, Daizun Investments, Angel Property Finance, Tower Grange Finance, Morpheus, EC Lending, Mocca Capital, and Regents Asset Finance. Its go-to-market is sales-led, targeting specialist lenders whose workflow does not fit generic commercial loan origination systems, and pricing is delivered via quote-based subscription contracts tied to portfolio size and feature scope.

The business has raised approximately $17.4 million across three rounds: roughly $1.3 million in December 2021, approximately $3.6 million in February 2023 (led by DFF Ventures), and a $12.5 million seed round in October 2023 led by HV Capital with participation from AlbionVC, DFF Ventures, Plug and Play, Syndicate One, and ff Venture Capital. The company has used the seed capital to signal expansion into continental European specialist lending markets and to deepen product investment, including its AI-driven enquiries module. Industry recognition in 2023-2024 included Sifted's Digital Lending Rising Star and Fintech Start-up of the Year at the Fintech Awards London.

Name

kennek

Legal name

Kennek Solutions Ltd

Website

https://kennek.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kennek is a London-based SaaS company that provides a loan management platform purpose-built for UK specialist bridge and development lenders, unifying origination, servicing, monitoring, and AI-driven enquiry handling for around fourteen mid-market and enterprise property finance clients.

Ownership category

akta.pro rank

Product category

Lending Management Software

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163)

akta.pro primary industry

Securitization & Loan Trading Enablement (Whole Loan Sales, ABS Data/Reporting) (FSAGAHAK)

Keywords

• Loan management software
• Bridge lending platform
• Development lending SaaS
• Lender origination system
• Specialist lending platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription (implied): Kennek operates as a loan management software platform, with pricing implied to be subscription-based given the SaaS nature of the product, platform access model, and demo-based sales motion. Specific tiers and pricing are not publicly disclosed.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Kennek provides an all-in-one cloud-based SaaS loan management platform purpose-built for specialist bridge and development lenders in the UK private debt market. The platform covers the full loan lifecycle from origination, automated enquiries, drawdowns, and redemptions through to loan servicing, real-time risk monitoring, and institutional investor reporting. It is sold via a demo-led sales motion and targets lenders seeking to scale loan books without proportional headcount growth.

Product overview

kennek is a single unified loan management platform designed specifically for specialist bridge and development lenders. The core kennek Platform serves as the central system, with seven integrated modules that work together: Automated Enquiries (AI-powered instant responses), Streamlined Origination (accelerated application processing), Smart Loan Management (automated interest, fees, and loan operations), Instant Drawdowns (automated drawdown workflows), Instant Redemptions (automated redemption calculations), Investor Relations (institutional reporting), and Real-time Monitoring (live dashboards for risk identification). All modules share a single data source, enabling lenders to originate, manage, and service loans while monitoring funding lines.

Differentiator

Problem solved

Functional benefit

Products and services

• kennek Platform An all-in-one loan management software platform for specialist lenders in the bridge and development lending market. It enables lenders to originate, manage, and service loans while seamlessly monitoring funding lines and serving investor reporting from a single data source. The platform incorporates AI-powered Automated Enquiries, Streamlined Origination, Smart Loan Management, Instant Drawdowns, Instant Redemptions, Investor Relations, and Real-time Monitoring capabilities.

Quantifiable outcome

• Identifies portfolio risk 3x faster with real-time dashboards
• +3 more outcomes

Named customers15 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature7 records

Partnerships

One partnership is on record.

• Modulr FS LimitedcoreTechnology or IntegrationKennek Solutions Ltd is a distributor of Modulr FS Limited, an Electronic Money Institution authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 900573). Modulr provides electronic money accounts and payment services integrated into Kennek's platform for lenders.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lendscape: UK-based lending platform purpose-built for asset finance and specialist lenders, offering origination, servicing, and accounting functionality. Closest direct competitor to Kennek in the UK specialist-lending software category.
• Built Technologies: US-based construction and development lending platform providing purpose-built loan management for builders and developers. Comparable to Kennek's development lender vertical, although geographically distinct.
• LendingMetrics: UK lending platform providing decisioning, origination, and workflow tools to specialist and consumer lenders. Operates in the same UK market with overlapping specialist lender customers.
• Mortgage Cadence: Mortgage loan origination and workflow platform (part of ICE Mortgage Technology) serving US lenders. Comparable origination and workflow functionality to Kennek for property-backed lending.
• Alfa Financial Software: UK-headquartered software provider for asset finance and automotive lenders, offering end-to-end origination, servicing, and accounting. Comparable vertical SaaS positioning to specialist lenders.
• LendingPad: Cloud-based mortgage loan origination system used by US mortgage lenders. Comparable cloud-first LOS architecture though focused on US residential mortgage.

Broad incumbents

• nCino: Cloud-based bank and lending platform serving commercial and institutional lenders globally. Broader than Kennek in scope but competes for the same cloud-lending software spend at mid-market and enterprise lenders.
• Abrigo: US lending and compliance software platform serving community banks and credit unions. Comparable loan management and credit decisioning functionality though focused on US community institutions.
• Finastra: Large global financial software vendor offering lending, banking, and capital markets platforms. Competes with Kennek for IT budget at incumbent lenders and could add specialist-lending features.
• Temenos: Global banking software vendor with lending, onboarding, and digital channels products serving retail, commercial, and specialist lenders. Represents a broader incumbent alternative to Kennek's vertical SaaS approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds7 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about kennek