Crediflow AI, a Manchester fintech that automates the paperwork behind business lending, raised £1.5m (about $2m, or €1.8m) in a round reported in early November 2026. Startup Rise and Dealroom both name NPIF II – PXN Equity Finance as the lead, with Haatch and angel investors also taking part.
The sources do not state a stage, valuation or earlier funding. This site lists the round as a seed round because of its size and the company's age. PXN Equity Finance is managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II.
“Growing a loan book takes more than finding borrowers and having capital available.”Drey Kenfack, CEO, Crediflow AI
What Crediflow does
Crediflow sells software to commercial lenders. Its platform gathers financial statements, bank transactions and borrower documents so credit teams can review and approve loan applications. Its FlowSpread product extracts income, balance sheet and cash flow figures from PDFs, tax returns and bank statements, which reduces manual data entry.
According to Dealroom, the platform also standardises financial data, analyses cash flow and drafts credit memos in each lender's own format. Crediflow says tasks that took days now take 10 to 30 minutes; that is the company's own claim. Dealroom stressed that the product does not make lending decisions or replace underwriters and that it prepares the analysis they use.
Dealroom reported that hundreds of credit professionals across the UK, Europe and the US use the platform, and named AddWorking Capital and Iveco Capital as customers. The company launched a financial-spreading tool in June 2026 and a credit-memo generator in October 2026.
The founder
Crediflow was founded in 2024 by Drey Kenfack, its chief executive. Startup Rise said he spent more than 10 years in commercial lending and private credit, including senior credit roles at Ford Credit Bank, DF Capital Bank and Advance Global Capital.
Kenfack said growing a loan book takes more than finding borrowers and having capital available, because lenders also have to assess borrowers, speed up approvals and manage risk after lending. He also said that when each transaction needs hours of manual preparation, it affects how much business a lender can take on.
Who invested and what the money is for
Dealroom reported that Crediflow had earlier backing through PXN's PraeSeed programme, which is supported by the British Business Bank. Joe Ball, a senior investment associate at PXN Ventures, said automating commercial finance removes barriers for companies that need funding to grow.
Dealroom said the money will go to platform development, hiring engineers and product specialists, and expanding into loan origination and ongoing monitoring. Startup Rise did not state a use of funds.
Dealroom described the raise as a modest early-stage bet in a crowded market. It noted that rivals such as Nivo and Deutsche Bank are pursuing similar efficiencies, and that success depends on lender adoption and on whether the claim of minutes instead of days holds up. The two reports differ slightly on timing: Dealroom dates the announcement to 3 November, while this site records 4 November.
Company website: crediflow.ai