London-based fintech firm Kennek has secured €11.8M in funding to fuel its growth in the alternative lending sector.
The seed round of funding, led by HV Capital, also saw participation from Dutch Founders Fund, ff Venture Capital, and Plug & Play Ventures.
Kennek plans to use the additional funds to enhance its platform's functionalities and expand its presence in the European market.
The successful fundraising reflects the increasing importance of innovative solutions in the private credit market.
