Kennek, a loan servicing infrastructure provider, has raised USD 12.5 million in seed funding led by HV Capital, with participation from the Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and others. Kennek's total funding now stands at GBP 14.2 million (~USD 17.4 million).

The company intends to use the funds to support its European expansion plans and meet recruitment needs.

London-based Kennek is an end-to-end loan servicing platform that facilitates lenders, credit investors, corporates, and servicers to provide embedded credit products, manage receivables financing, offer credit expertise, and access institutional funding. 

Analyst QuickTake: The lending-as-a-service space has seen several disruptors raise funding in recent months, with Canopy Servicing raising USD 15.1 million in Series A1 (this month), Momnt raising USD 15 million in funding (last month), and Rightfoot raising USD 15 million in Series A (two months ago).