Crediflow AI raises £1.5m seed led by NPIF II and Haatch
This article covers Crediflow AI, a Manchester-based fintech startup, which has raised £1.5m in a seed funding round. The funding will be used to develop its platform, hire engineering and product staff and expand its customer base among banks and specialist lenders, supporting automation of commercial loan preparation and improving SME access to finance.
Crediflow AI, a Manchester-based fintech startup, has raised £1.5m in a seed funding round to automate and speed up commercial loan preparation for banks and specialist lenders. The investment will be used to develop the platform further, hire engineering and product staff, and expand the company's customer base among banks and specialist lenders.
Why it matters
Lenders still assemble financial statements, bank transactions and borrower documents from spreadsheets, PDFs and emails, then perform manual analysis that can take days. That friction constrains how many deals a lender can process and makes underwriting smaller SME loans expensive. Crediflow AI’s product aims to cut the data-aggregation and analysis stage to 10 to 30 minutes, potentially increasing underwriting capacity and lowering the marginal cost of smaller loans.
The change matters for SME access to finance. If routine financial spreading and memo drafting are automated, lenders could assess more applications faster and move beyond prioritising only larger deals that justify manual effort.
Inside the product
Crediflow ingests borrower accounts and transactional data, extracts and standardises figures, runs cash-flow analysis and drafts the credit memo used by a lender’s credit committee in the customer’s preferred format. The company says this replaces manual financial spreading and memo-writing, reducing a process that can take several days to minutes.
The platform is already used by hundreds of credit professionals across the United Kingdom, Europe and the United States. Customers range from specialist lenders such as AddWorking Capital, which focuses on smaller commercial loans, to global captive finance arms like Iveco Capital, which handles manufacturer-linked leasing and finance. Last year Crediflow took part in PXN’s PraeSeed programme, a 12-week cohort run with the British Business Bank and NPIF II.
Who are the investors?
The round was led by NPIF II – PXN Equity Finance, managed by PXN Ventures as part of Northern Powerhouse Investment Fund II (NPIF II). Haatch and a group of angel investors also participated.
NPIF II is a £660m fund covering the North of England that provides loans from £25,000 to £2m and equity investments up to £5m. PXN Ventures had already supported Crediflow through its PraeSeed programme, and this equity follow-on formalises that backing.
In the announcement, Joe Ball, Senior Investment Associate at PXN Ventures, said:
Businesses of all sizes and across all sectors often rely on commercial finance for a multitude of reasons, but the processes involved in granting this finance are often largely manual, making the process inefficient and slowing down lending decisions. By automating this area of the sector, Drey and the Crediflow AI team are not just supporting lenders but also removing barriers for companies that need funding to grow.
In the announcement, Jonathan Keeling, Partner at Haatch, said:
The best B2B founders build the product they wished they’d had in their last job. Drey spent over a decade in credit roles watching good deals stall on admin, and Crediflow turns hours of manual spreading and memo writing into structured analysis credit teams can act on. With live customers across the UK, Europe and the US, the team has the traction to scale quickly, and we’re proud to support them on that journey.
In the announcement, Sue Barnard, Senior Investment Manager at British Business Bank, said:
Through the Northern Powerhouse Investment Fund II, we’re backing the businesses that are helping to drive growth across the UK economy and improving productivity. With the opportunities from AI adoption holding the potential for further growth, innovative businesses like Crediflow AI are crucial to the UK remaining competitive internationally, while supporting the Government’s Industrial Strategy through digital and technology advancements.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
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Founder perspective
Crediflow was founded by CEO Drey Kenfack, who spent more than a decade in commercial lending and private credit in senior roles at Ford Credit Bank, DF Capital Bank and Advance Global Capital. His experience identifying how manual processes slow down good deals informed the product.
In the announcement, Drey Kenfack, Founder & CEO at Crediflow AI, said:
Growing a loan book takes more than finding borrowers and having capital available. You need the capacity to assess those businesses, get decisions through approval and stay on top of risk once the money is out the door. I’ve spent much of my career doing that work.
When every transaction requires hours of manual preparation, it affects how much business a lender can take on and which deals are worth pursuing. We built Crediflow to bring that workload down and give credit teams more time to understand the borrower and structure the financing.
With the new funding Crediflow plans to extend automation across the loan lifecycle, building workflows that mirror each lender’s credit policies so origination, underwriting and monitoring are joined rather than duplicated.
The bigger picture
Automation tools like Crediflow are part of a broader shift in commercial lending where software reduces routine work and lets credit teams focus on judgment and structuring. For lenders, that can mean expanding loan books without a linear increase in back-office costs. For SMEs, it can translate into faster decisions and a broader set of lenders willing to price and underwrite smaller loans.
The deal also reflects continued regional investment via programmes such as NPIF II, which aim to channel capital and support to northern businesses. For UK fintechs building AI-driven infrastructure for finance, follow-on equity from regionally focused funds and specialist early-stage investors is a common route to scale.
This funding round underscores a practical trend in UK and European fintech: investors are backing tools that increase the capacity and productivity of existing financial institutions rather than trying to displace them.
They've invested in Crediflow AI
Get to know these fintech investors
| Investors | Investment Focus | Startup Investments | Round Size | Connect |
|---|---|---|---|---|
 NPIF II (Northern Powerhouse Investment Fund II)( ) | ||||
 PXN Ventures( ) PXN Ventures is a UK-based venture capital firm focused on backing high-growth c... Manchester  | ||||
 Haatch( ) This award-winning UK-based venture capital firm focuses on pre-seed and seed in... Stamford | ||||
 British Business Bank( ) The British Business Bank focuses on enhancing finance accessibility for smaller... Sheffield | ||||
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