Crediflow AI has raised £1.5 million in Seed funding. PXN Ventures led the round, with Haatch and angel investors participating. The company builds software that automates data gathering, financial spreading, and memo drafting for commercial lenders.
Use of funds
The new capital will accelerate development of its automated credit platform. It will support new engineering and product hires. The funding will also help the company onboard more banks and specialist lenders.
Company background
Crediflow AI is based in Manchester. It was founded in 2024 by CEO Drey Kenfack. The company serves credit institutions across domestic and international markets.
What the platform does
The platform aggregates data from spreadsheets, PDFs, and emails. It automates financial spreading and loan memo drafting. This reduces the time to compile borrower information from days to minutes.
Crediflow also plans to extend automation across the entire loan lifecycle. That includes origination, underwriting, and monitoring. The company previously received backing from the PraeSeed program.