Manchester Fintech Crediflow AI Raises £1.5 Million to Cut the Manual Work Behind Business Loans

A Manchester fintech that wants to take the slow paperwork out of business lending has raised £1.5 million in seed funding. Crediflow AI, which trades as Generative Technology, said the round was led by PXN Ventures through the Northern Powerhouse Investment Fund II, with Haatch and angel investors also taking part. The company plans to use the money to develop its platform further, hire engineers and product staff, and win more banks and specialist lenders as customers.

Commercial lending sounds simple from the outside. A business asks for money, a lender checks the numbers, and a decision follows. In practice, the checking stage is where deals slow down. Credit teams pull figures from accounts, bank statements and borrower documents, then reshape that material into a form a credit committee can approve. When that work is done by hand, across spreadsheets, PDFs and email threads, it eats hours and sometimes days. Crediflow AI was built to shrink that stage to minutes, and its new funding is a bet that lenders will pay for the time saved.

What Crediflow AI actually does

Crediflow AI describes its platform as a way to turn scattered borrower information into structured credit analysis. It gathers financial statements, bank transactions and supporting documents, then extracts and standardises the figures. In lending language, that first step is called financial spreading: taking a set of accounts and laying the numbers out in a consistent format so they can be compared and tested.

From there, the platform analyses cash flow and drafts the memo that a credit committee uses when it decides whether to approve a loan. Each lender gets that memo in its own preferred format, which matters because no two credit teams work in exactly the same way. The company also says it will extend automation across more of the loan lifecycle, with workflows shaped around each lender’s credit policies and processes. The aim is to bring origination, underwriting and monitoring together, so the same information does not have to be gathered and retyped at every stage.

The time claim is striking. Crediflow AI says manual aggregation of borrower data can sometimes take up to several days, while its platform cuts that stage to between 10 and 30 minutes. That is the company’s own figure, and it will vary by deal, since a simple loan file and a complex group of companies are very different jobs. Even so, the direction is clear: credit analysts spend less time assembling documents and more time judging the borrower and structuring the deal.

Who is backing the round

The round was led by NPIF II, PXN Equity Finance, which is managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II. Haatch joined the round, alongside angel investors. The Northern Powerhouse Investment Fund II is a £660 million fund covering the North of England, offering loans from £25,000 to £2 million and equity investment up to £5 million to smaller businesses. Crediflow AI is not new to PXN: last year it was one of eight companies to receive funding through the PraeSeed programme, a 12 week cohort based investment programme run with the British Business Bank and NPIF II.

For Haatch, the appeal appears to be founder experience. Partner Jonathan Keeling pointed to founder Drey Kenfack’s decade in credit roles, and argued that the product reflects work Kenfack wished he had in his previous job. PXN’s Joe Ball made a similar point from the lender side, noting that manual processes slow lending decisions and raise barriers for companies that need finance to grow.

Why manual lending work is expensive

Smaller business loans are a good example of the problem Crediflow AI is trying to solve. A lender still has to do much of the same checking work whether the loan is large or small, so the cost of underwriting a modest loan can look high next to the income it brings in. Some lenders therefore pass on smaller deals, or take longer over them, even when the borrower is sound. Automating the repetitive stages changes that calculation. If a credit team can assess more files in the same week, without hiring at the same pace, smaller loans become easier to justify.

That pitch is already being tested with live customers. The company says its platform is used by hundreds of credit professionals across the UK, Europe and the US, supporting lenders of all sizes, including specialist lender AddWorking Capital and global captive finance firm Iveco Capital.

Who founded Crediflow AI

Crediflow AI was founded by chief executive Drey Kenfack, who has more than a decade of experience in commercial lending and private credit. His previous roles included senior credit positions at Ford Credit Bank, DF Capital Bank and Advance Global Capital. Kenfack has said he founded the company after seeing first hand how manual processes limit a lender’s ability to grow, and how hours of preparation affect which deals are worth pursuing.

What to watch next

Seed funding is an early milestone, not a verdict. The next test will be whether more banks and specialist lenders adopt the platform and keep using it once the first files are done. Lenders are careful buyers, and credit decisions carry real risk, so a new system has to earn trust file by file, on complex deals as well as straightforward ones. UK and European lenders face pressure to lend more efficiently, while small businesses continue to complain about slow decisions, so tools that speed up credit work without cutting corners on risk have a clear audience. Whether Crediflow AI becomes a standard part of commercial lending will depend on one test: does it make each loan file faster, cleaner and easier to approve, time after time.

Frequently Asked Questions

What is Crediflow AI?

Crediflow AI is a Manchester based fintech platform that automates parts of commercial lending, including gathering borrower documents, standardising financial figures, analysing cash flow and drafting credit committee memos for banks and specialist lenders.

How much funding has Crediflow AI raised?

Crediflow AI has raised £1.5 million in seed funding, led by PXN Ventures through the Northern Powerhouse Investment Fund II, with participation from Haatch and angel investors, according to the funding announcement reported in November 2026.

How does Crediflow AI save lenders time?

The company says manual aggregation of borrower data can sometimes take up to several days, while its platform reduces that stage to between 10 and 30 minutes, giving credit teams more time to judge borrowers and structure financing rather than assemble documents.