London-based Kennek, a fintech that specialises in developing an operating system for lenders, announced on Tuesday that it has secured $12.5M (€11.8M) in a seed round of funding led by HV Capital.
Dutch Founders Fund, ff Venture Capital, and Plug & Play Ventures also joined the round after participating in the startup’s pre-seed funding round last February. The pre-seed round managed to raise €4.1M.
The seed round was oversubscribed and closed after 10 weeks of opening. Dutch Founders Fund doubled its investment in the latest fundraising.
The UK startup says it will use the additional funds to fuel growth, especially in its home market, and enhance the platform’s functionalities. Kennek is also looking to expand to Europe after signing a new client there.