Investment led by Maven Capital Partners will accelerate platform innovation and global expansion as demand for automated reconciliation solutions surges
Newcastle upon Tyne, 25th February 2025: Kani Payments (“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 (“Maven”), 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 (“NPIF 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.
Aaron Holmes, CEO of Kani Payments, commented: “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.”
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.
Rebecca MacDermid, Investment Manager at Maven Capital Partners, commented: “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.”
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.
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Due diligence providers on the transaction for Maven were:
Legal – Weightmans LLP
Financial – Atom Financial
Commercial – Whitecap Consulting
Insurance – Lockton
Technical – Waterstons
Further information
For media enquiries or any questions about the investment, please contact:
Flame PR (PR to Kani)
Alex Brooks
Sapience Communications (PR to Maven)
Richard Morgan Evans 020 3327 8422
maven@sapiencecomms.co.uk
MC2 (PR to British Business Bank)
Hannah Whitfield
HannahW@thisismc2.com
Maven Capital Partners
Emma Neal 0191 731 8695
emma.neal@mavencp.com
Notes to Editors
About Maven Capital Partners UK LLP www.mavencp.com
Maven Capital Partners is one of the UK’s leading private equity firms, specialising in investments in high-growth British companies. With a focus on innovation and value creation, Maven partners with visionary entrepreneurs to build market-leading businesses, supporting a range of transaction types, including management buyouts, growth capital, buy and build projects, equity value release and pre-IPO financing.
About the Northern Powerhouse Investment Fund II
- Operated by the British Business Bank, the Northern Powerhouse Investment Fund II (NPIF II) provides a mix of debt and equity funding. NPIF II will offer a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. It works alongside the Combined Authorities, Local Enterprise Partnerships (LEPs), and Growth Hubs, as well as local intermediaries such as accountants, fund managers and banks, to support the North’s smaller businesses at all stages of their development.
- The funds in which the NPIF II invests are open to businesses with material operations or planning to open material operations in Cheshire, Cumbria, Greater Manchester, Lancashire, Merseyside, City of Kingston upon Hull, East Riding of Yorkshire, North Yorkshire, South Yorkshire, West Yorkshire, Hartlepool and Stockton-on-Tees, South Teesside, Darlington, Durham, Northumberland, Tyneside, Sunderland.
For investment by NRIL at the sub-fund level
- The investment from the Nations and Regions Investments Limited into [.] does not amount to any endorsement or warranty from Nations and Regions Investments Limited, the British Business Bank plc or the government of the United Kingdom.
For investment by NPIF II sub-fund at the investee company level
- The investment from the Northern Powerhouse Investment Fund II into [.] does not amount to any endorsement or warranty from Nations and Regions Investments Limited, the British Business Bank plc or the government of the United Kingdom.
Smaller Loans from £25,000 to £100,000 – GC Business Finance & River Capital (North West), Business Enterprise Fund (BEF) (Yorkshire and Humber) and NEL Fund Managers (North East)
Business Loans from £100,000 to £2m – FW Capital (North West), Mercia (Yorkshire and Humber) and NEL Fund Managers (North East)
Equity Finance up to £5m – Prateura Ventures (North West), Mercia (Yorkshire and Humber), and Maven Capital Partners (North East)
Applications for funding are made directly to the relevant fund managers, who can be contacted via the NPIF II webpages www.northernpowerhouseinvestment fund.co.uk
