Newcastle-based fintech firm, Kani Payments, has announced a significant multi-million-pound investment led by Maven Capital Partners. This funding aims to drive the company’s international growth and enhance its cutting-edge Software-as-a-Service (SaaS) platform, which simplifies complex payment reconciliation processes.
Kani Payments is a fintech innovator dedicated to simplifying payment reconciliation and compliance. With deep industry expertise, a platform designed to address sector-specific challenges, and a team of professionals from operational backgrounds, Kani provides more than just a solution—it offers trusted guidance and support.
By automating payments data management, Kani significantly reduces manual workloads, allowing businesses to focus on growth while leaving reconciliation and reporting in expert hands. Accuracy is at the core of its services, ensuring precise financial data management and strict adherence to regulatory and card scheme standards. With specialized modules for Mastercard QMR, Visa GOC, and regulatory reporting, Kani helps businesses stay compliant and avoid costly penalties.
The latest investment round includes contributions from Maven VCTs and NPIF II – Maven Equity Finance, managed by Maven under the Northern Powerhouse Investment Fund II (NPIF II). This financial boost is set to propel Kani Payments into new markets, strengthening its ability to offer state-of-the-art reconciliation solutions for banks, payment providers, and fintech enterprises worldwide.
Established in 2018, Kani Payments was founded to address the challenges associated with payment reconciliation and reporting. Its award-winning SaaS platform has transformed how financial institutions manage compliance and streamline operations, reducing errors and saving valuable time. The company has already processed over €24 billion in payments across five continents, working with industry leaders such as Cardaq, Paysafe, Pluxee, and Transact Payments.
With a growing demand for automated financial solutions in an era of increasing digital transactions and stringent regulatory requirements, this investment arrives at a critical moment. The funds will be used to expand Kani’s technical team, refine its platform, and drive market penetration, particularly in the United States, where regulatory complexities make robust reconciliation solutions essential.
Aaron Holmes, CEO of Kani Payments, emphasized the significance of this funding, stating: “This investment marks a transformative period for our company. The surge in demand for automated reconciliation underscores the critical role our platform plays in the financial sector. Maven’s backing will accelerate our development and enable us to scale globally, ensuring our solutions remain at the forefront of innovation.”
Maven Capital Partners has expressed strong confidence in Kani’s growth potential. Rebecca MacDermid, Investment Manager at Maven, highlighted: “Kani has built an exceptional platform that solves a pressing challenge in the rapidly evolving payments landscape. Their proprietary technology, coupled with their expertise, has driven remarkable growth, with a 70% increase in clients over the past year. As financial institutions face increasing regulatory complexities, we anticipate even greater demand for Kani’s solutions.”
Additionally, Tony Kerr and Craig Dewar, Co-founders and Directors at Kani Payments, reinforced the importance of this investment: “Bringing on Maven as an institutional investor is a milestone moment for Kani. Their support validates our vision and capabilities while positioning us for rapid expansion, increased innovation, and deeper market penetration.”
This funding aligns with the mission of the Northern Powerhouse Investment Fund II, which aims to drive economic growth in the region by supporting high-potential businesses. Sarah Newbould, Senior Investment Manager at the British Business Bank, noted: “The North East has established itself as a thriving tech hub. Investments like this are essential in fostering job creation, advancing innovation, and solidifying the region’s standing in the global fintech industry.”
With this strategic investment, Kani Payments is set to expand its global footprint, further cementing its status as a leader in automated reconciliation and compliance solutions. As the financial sector continues to embrace digital transformation, Kani is well-positioned to provide the necessary tools for seamless, efficient, and compliant payment processing on a global scale.
