Europe fintech funding round-up: Kennek, Mazepay, Uniify and Snab
This week’s handy Friday funding round-up includes four European fintech start-ups – Kennek, Mazepay, Uniify and Snab.
UK-based fintech firm Kennek has secured $4.5 million in a pre-seed funding round led by Dutch Founders Fund, FFVC and Plug and Play Ventures.
Kennek raises $4.5m
Founded in 2021, Kennek has developed an end-to-end Software-as-a-Service (SaaS) operating system to streamline operations for lenders, credit investors, corporates and servicers in the alternative credit sector.
Kennek says it helps lenders manage everything from loan origination and servicing to portfolio management and investor reporting.
With the new funding, the start-up plans to expand its product offerings and bring in more clients from other countries.
Danish fintech platform for B2B payments, Mazepay, has raised €4 million in a new funding round led by Scale Capital.
Also participating in the round were Hambro Perks and Outward VC. The firm says it will use the fresh funding to expand further across Europe.
Founded in 2018 and based in Copenhagen, Mazepay provides a SaaS solution built to help medium and large businesses automate and manage their B2B transactions.
Spanish payments platform Snab has secured €1.1 million in its first funding round. The round saw participation from Y Combinator, 4Founders Capital, Glenfarne Group LLC and a number of angel investors.
Snab nabs €1.1m
With the investment, Snab plans to further develop its technology and offer new functionalities that will allow companies to have “greater control” of their finances.
Founded in 2021, Snab is a cloud-based and AI-led platform that allows small and medium-sized businesses (SMBs) to automate and digitise their business payments and cash collections and manage their finances.
“Snab was created to help companies to digitise, eliminate manual processes and save time for the employees of these companies in the area of finance and treasury,” says Gorka Aguirre, Snab’s CEO and co-founder.
The start-up is part of Y Combinator’s winter batch 2022.
Danish fintech start-up Uniify has landed €3 million in seed funding from People Ventures, Forward VC and a number of angel investors.
Uniify provides customer onboarding solutions, helping companies collect necessary financial and identity information about their customers in a “fast, secure and easy” way.
With the fresh funding, Uniify aims to hire more staff and expand into new markets, with a particular focus on the UK owing to its market size.
