Kani Payments Accelerates Growth with Fresh Maven Capital Investment
Newcastle-based fintech company Kani Payments is poised to significantly expand its international operations after securing a new round of funding from Maven Capital Partners. This marks the second investment the payments processing firm has received from the private equity organization, following an initial multimillion-pound injection in early 2025.
Building on Previous Success
Founded eight years ago, Kani Payments specializes in addressing the complex challenges of payment reconciliation and reporting faced by banks, payment companies, and other fintech entities. The company's software as a service platform has gained traction due to increasing digitization within the financial services sector, automating workflows to help clients save time, reduce costs, and maintain regulatory compliance.
Since Maven's first investment, Kani has demonstrated impressive growth, making key senior hires and securing several significant contracts. The latest transaction includes follow-on investment from NPIF II - Maven Equity Finance, managed by Maven as part of the Northern Powerhouse Investment Fund II, alongside contributions from the Maven VCTs.
Strategic Expansion Plans
The undisclosed funding amount will enable Kani Payments to invest in new product development, particularly to prepare for upcoming regulations requiring audit-ready reconciliation of client funds across UK and global payments markets. Additionally, the capital will support new customer partnerships and accelerate the company's expansion into international markets.
Currently operating across five continents, Kani's platform is utilized by leading financial services companies including Cardaq, IDT, Pluxee, and TransactPay.
Leadership Perspectives
Aaron Holmes, CEO at Kani Payments, expressed enthusiasm about the continued partnership, stating, "Maven has been a hugely supportive partner since their initial investment, and we're pleased to have their continued backing as we enter the next phase of Kani's growth. This investment will allow us to keep investing in our platform and supporting payment companies facing growing reconciliation and regulatory complexity."
Rebecca Minchella, investment manager at Maven Capital Partners, highlighted Kani's achievements, saying, "Kani has achieved impressive growth since our initial investment, and we have been really impressed by the expertise and conviction of the team to address the challenges facing fintechs in a fast, evolving payments industry. With the increasing complexity of payment reconciliation and regulatory compliance, demand for Kani's solution is set to continue in an ever more regulated environment."
Sarah Newbould, senior investment manager at the British Business Bank, added, "Kani Payments is tackling a critical challenge for financial services firms as payment ecosystems become more complex. Through NPIF II we are committed to backing ambitious technology businesses that are building solutions with global relevance, while continuing to grow from the North East. It's these businesses that are helping to drive forward the government's Industrial Strategy, boosting UK economic growth while creating new jobs and opportunities for people across the North."
