Kani the pioneering payment reconciliation and reporting platform, today announced it has secured a multi-million pound Series A investment. The funding round was led by Maven Capital Partners, one of the UK's leading private equity firms.
The transaction includes an investment from the Maven VCTs alongside NPIF II – Maven Equity Finance, which is managed by Maven as part of the Northern Powerhouse Investment Fund II.
FT Partners served as the exclusive strategic and financial advisor to Kani.
This significant investment signals a transformative moment for the payments industry, where manual reconciliation processes are rapidly becoming obsolete. With global payment volumes exploding and cross-border transactions reaching unprecedented levels, the industry faces a critical inflection point. Financial institutions are grappling with increasingly complex regulatory requirements, rising costs, and the growing risk of manual errors.
Kani's automated reconciliation platform has emerged as the definitive solution to these industry-wide challenges, having already reconciled over €24 billion in processed payments across five continents. This track record demonstrates the scalability of Kani's technology, coupled with its potential to reshape how the entire payments industry approaches reconciliation and compliance.
Since 2018, Kani has been at the forefront of payment reconciliation through its award-winning SaaS platform. It has turned what was once a crippling operational burden into a competitive advantage for financial institutions. The company's innovative technology has won the trust of industry giants including Cardaq, Paysafe, Pluxee, and Transact Payments, who have embraced Kani's platform to reduce operational costs, eliminate reconciliation bottlenecks, and ensure robust compliance in an increasingly complex regulatory landscape.
The investment will fuel several key growth initiatives, including accelerated development of Kani's highly scalable platform, strategic team expansion to support growing global demand, and international market penetration with a particular focus on emerging opportunities in the US market.
The timing of this investment aligns with increasing digitisation in financial services and growing global safeguarding regulations, positioning Kani to address the rising demand for compliant reporting solutions. The company's innovative approach to payment reconciliation, combined with Maven's strategic support, creates a strong foundation for continued growth and market leadership.
