Published: Feb 25, 2025
Focus:
Growth Capital,
NPIF Maven Equity Finance
The combined investment will be used to further develop Kani’s highly scalable solution, grow its team, and support international expansion. With increasing digitisation in financial services, alongside stricter global safeguarding regulations, the requirement for compliant reporting solutions is more critical than ever, positioning Kani for continued success.
Kani operates across five continents and has reconciled over €24 billion in processed payments to date. Kani’s platform is currently used and trusted by many leading financial services companies such as Cardaq, Paysafe, Pluxee, and Transact Payments.
Aaron Holmes, CEO at Kani Payments
“This investment marks a pivotal moment in Kani's evolution as we expand our automated reconciliation platform to meet surging global demand. With processed payments exceeding €24 billion and our client base spanning five continents, we see firsthand how critical automated reconciliation has become for financial institutions. 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.”
Aaron Holmes, CEO at Kani Payments
"This is the perfect time for Kani to bring on investment from an institutional firm like Maven. Their backing is a strong endorsement of Kani’s vision, capabilities, and growth trajectory. This investment not only validates its position in the payments sector but also fuels the ability to scale rapidly, innovate further, and expand into new markets. With Maven’s support, the business is well-positioned to accelerate its mission of transforming payment reconciliation and reporting for businesses worldwide.”
Tony Kerr and Craig Dewar, Co-founders and Directors at Kani Payments
"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. We are excited to support Aaron and his team as they scale the business and expand into new global markets, particularly with significant opportunities emerging in the US."
Rebecca MacDermid, Investment Manager at Maven
“The North East has experienced a recent boom in tech growth and is now home to a broad ecosystem of thriving businesses. NPIF II was created to help foster growth in innovative companies like Kani Payments to further drive the region forward, create highly skilled jobs and cement the North East as a hub for tech talent.”
Sarah Newbould, Senior Investment Manager at the British Business Bank
The £660m Northern Powerhouse Investment Fund II (NPIF II) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
Maven is one of the UK’s most active private equity investors and has a track record of identifying and nurturing technology-driven businesses. If you are looking at private equity as a solution to fund future growth we would love to hear from you. Speak to one of our investment team by getting in touch at funding@mavencp.com.
Subscribe for email updates
