Kani Payments, a FinTech firm specialising in payment reconciliation and reporting, has secured a multi-million-pound Series A investment to enhance its platform and expand globally.

The funding round was led by Maven Capital Partners, one of the UK’s leading private equity firms. It also included investment from the Maven VCTs and NPIF II – Maven Equity Finance, which is managed as part of the Northern Powerhouse Investment Fund II (NPIF II). FT Partners acted as the exclusive strategic and financial advisor to Kani.

Kani provides an automated reconciliation platform designed to simplify financial reporting for payment companies and financial institutions. With global payment volumes increasing and regulatory demands intensifying, the platform helps firms streamline complex reconciliation processes, reduce costs, and mitigate compliance risks. To date, Kani has reconciled over €24bn in processed payments across five continents.

The fresh investment will accelerate the development of Kani’s technology, expand its team, and facilitate entry into new international markets, particularly in the US.

Kani Payments CEO Aaron Holmes said, “This investment marks a pivotal moment in Kani’s evolution as we expand our automated reconciliation platform to meet surging global demand. Maven’s backing will accelerate our platform development and global expansion, particularly as we see increasing opportunities in markets where regulatory compliance and payment reconciliation complexity continue to grow.”

Maven Capital Partners investment manager Rebecca MacDermid said, “Kani has developed an innovative, award-winning platform that is addressing a critical challenge in the fast-evolving payments industry. The company’s proprietary technology, coupled with the team’s deep sector expertise, has helped the business achieve year-on-year growth, with annual recurring revenues sharply increasing in the last year, driven by a 70% increase in clients. With the increasing complexity of payment reconciliation and regulatory compliance, demand for Kani’s solution is set to grow further.”