Kani Payments Secures Multi-Million Investment for Global Expansion
Deal News | Feb 25, 2025 | Business Cloud
Newcastle-based FinTech company, Kani Payments, secured a substantial multi-million pound investment to enhance its SaaS platform and bolster its international presence. Founded in 2018, Kani Payments addresses payment reconciliation and reporting challenges faced by banks and financial institutions. Trusted by notable companies such as Cardaq, Paysafe, and Pluxee, its platform operates globally. The recent funding round, led by Maven Capital Partners and supported by Maven VCTs and NPIF II, aims to expand Kani’s team and accelerate platform development. This investment signifies a significant milestone for Kani, presenting substantial growth opportunities, especially in the U.S., where demand for automated solutions is rising. FT Partners advised on the strategic and financial aspects of the transaction.
Sectors
- Finance & Financial Technology (FinTech)
- Investment Management
Geography
- United Kingdom – Kani Payments is based in Newcastle, UK, and Maven Capital Partners is also operating out of the UK, making this geography relevant.
- Global – Kani Payments operates across five continents, indicating a significant global footprint and expansion focus.
Industry
- Finance & Financial Technology (FinTech) – The article centers on Kani Payments, a FinTech company, highlighting the industry's focus on technological solutions for financial services, specifically payment reconciliation.
- Investment Management – The involvement of Maven Capital Partners and the Northern Powerhouse Investment Fund indicates the sector's role in funding and supporting growth-stage companies.
Financials
- Multi-million pounds – The investment raised by Kani Payments to facilitate platform development and international expansion.
- 24 billion – The total value of processed payments reconciled by Kani Payments' platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kani Payments | Target | Company | A Newcastle-based FinTech company focusing on payment reconciliation and reporting. |
| Maven Capital Partners | Investor | Company | A private equity and venture capital firm providing funding to Kani Payments. |
| Northern Powerhouse Investment Fund II (NPIF II) | Investor | Company | An investment fund aiming to drive economic growth in the North of England. |
| FT Partners | Financial Advisor | Company | Served as the strategic and financial advisor to Kani Payments for this transaction. |
| Aaron Holmes | CEO | Person | CEO of Kani Payments, steering the company through its expansion. |
| Rebecca MacDermid | Investment Manager | Person | Investment manager at Maven Capital Partners, involved in the funding process. |
| Cardaq | Client | Company | One of the companies using Kani Payments' platform. |
| Paysafe | Client | Company | Another leading financial services company using Kani's platform. |
| Pluxee | Client | Company | Client utilizing Kani Payments' reconciliation services. |
| Transact Payments | Client | Company | Trusted client of Kani Payments. |