A Manchester fintech has landed €1.8 million (£1.5 million) to strip manual labor out of commercial loan processing. Crediflow AI, founded in 2024, claims its platform compresses days of credit analysis into a 30-minute task.
The round drew backing from NPIF II – PXN Equity Finance, managed by PXN Ventures, alongside early-stage investor Haatch and several angel backers. NPIF II operates as a €790.84 million (£660 million) fund covering Northern England, with equity stakes reaching up to nearly €6 million (£5 million).
Crediflow AI emerged from the frustrations of its founder, Drey Kenfack, who spent over a decade in commercial lending and private credit. He held senior credit roles at Ford Credit Bank, DF Capital Bank, and Advance Global Capital before striking out on his own.
The platform pulls together the data credit teams historically collected by hand: financial statements, bank transactions, borrower documents. It then structures that information into a credit analysis ready for lender approval.
Its flagship tool, FlowSpread, automates financial spreading. It extracts income statements, balance sheet figures, and cash flow data straight from PDFs, tax returns, and bank statements. No manual data entry required.
Meanwhile, a Bank Statement Analysis tool adds another intelligence layer. It categorizes transactions across multiple accounts, reconciles them against submitted financials, and flags risk signals like unusual activity, cash flow volatility, or concentration risk.
Joe Ball, senior investment associate at PXN Ventures, noted that commercial finance processes remain largely manual across all sectors. That reality slows lending decisions and creates friction for businesses seeking capital. Automating those workflows, he said, removes barriers for companies that need funding to grow.
Hundreds of credit professionals across the UK, Europe, and the United States already use the platform, including clients such as AddWorking Capital and Iveco Capital.
Kenfack framed the problem in operational terms. Growing a loan book requires more than finding borrowers and holding capital. Lenders need capacity to assess businesses, push decisions through approval, and monitor risk after money leaves the door. When every deal demands hours of manual preparation, lenders face hard choices about which transactions deserve pursuit.
Previously, Crediflow secured investment through PXN’s PraeSeed programme, a 12-week cohort initiative run with the British Business Bank and NPIF II.
The new capital will fund platform development, expand the engineering and product teams, and bring on more banks and specialist lenders. The company also plans to extend automation across the full loan lifecycle, from origination through monitoring, with workflows tailored to each lender’s credit policies.
