Fox Williams has advised FinTech Kennek Solutions on a $4.5 million pre-seed funding round.
The Fox Williams team was led by corporate partner Guy Morgan supported by corporate associate Stephanie Tsang.
Founded in 2021 by Thibault Lancksweert, Edmund Parsons and Xavier De Pauw, Kennek Solutions provides operational scalability for lenders and investors and the efficient funding of credits. Its end-to-end operating system streamlines operations for lenders, credit investors, corporates and servicers in the alternative credit sector, and creates a marketplace for the funding of loans and loan portfolios.
The funding round was led by Dutch Founders Fund and jointly with ffVC and Plug & Play Ventures.
Commenting on the deal, Guy Morgan said: “Kennek Solutions is supercharging the alternative lending landscape with its SaaS platform, and this funding round will enable its team to build its business further. We are enormously proud of our part in its growth journey.
”Securing the funding for Kennek is another example of our strength representing innovative businesses in the fintech sector and supporting them as they grow.”
Kennek’s Xavier De Pauw said, “This is an important funding round for Kennek and will facilitate the next stage of our growth. Guy and Stephanie at Fox Williams have been an important part of the team in bringing this deal together and in our journey to date, their support and commerciality is valued.”