Manchester-based fintech Crediflow AI has raised £1.5m to expand its software platform for commercial lenders, automating the financial analysis and documentation required to assess business loan applications.
The investment was led by NPIF II – PXN Equity Finance, managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II, with further backing from Haatch and angel investors.
Crediflow AI develops technology that converts financial statements, bank transactions, and borrower documentation into structured information used by lending teams.
The platform is designed to reduce the administrative work involved in commercial credit assessment, where information often arrives through spreadsheets, PDF documents, emails, and separate banking systems.
Credit professionals must typically extract figures, reconcile financial information, assess cash flow, and prepare supporting documents before an application can be considered for approval.
Crediflow’s software automates several of those tasks, including financial spreading, cash flow analysis, and the preparation of credit memoranda.
Financial spreading involves extracting figures from company accounts and organising them into a consistent structure so that lenders can analyse a borrower’s financial position.
Credit memoranda bring together that analysis with information about the proposed loan, allowing an institution’s credit committee or authorised decision-makers to assess an application.
The company says its software can reduce preparation work that previously took several days to between 10 and 30 minutes.
Those processing times represent Crediflow’s reported capability rather than an independently established improvement across the lending industry.
The software does not replace the lender’s responsibility for assessing creditworthiness or deciding whether a loan should be approved.
Crediflow reports that hundreds of credit professionals already use its technology across the UK, Europe, and the United States.
Its customers include specialist lenders such as AddWorking Capital and larger finance operations including Iveco Capital.
The new investment will support engineering and product recruitment, continued platform development, and efforts to expand the company’s customer base among banks and specialist commercial lenders.
Crediflow also plans to extend automation beyond initial credit assessment into loan origination and ongoing monitoring, with workflows adapted to individual lenders’ policies.
Bringing these activities together could reduce repeated data entry and allow information gathered during an application to support subsequent monitoring of the borrowing relationship.
Founder and chief executive Drey Kenfack established the company after more than a decade working in commercial lending and private credit.
His previous roles include senior credit positions at Ford Credit Bank, DF Capital Bank, and Advance Global Capital.
Kenfack said: “When every transaction requires hours of manual preparation, it affects how much business a lender can take on and which deals are worth pursuing.”
The company’s technology addresses part of that operational constraint by automating the preparation of financial information, allowing credit professionals to concentrate on reviewing borrowers and structuring financing arrangements.
Crediflow previously participated in PXN’s PraeSeed programme, which supports early-stage businesses through investment and commercial development.
The Northern Powerhouse Investment Fund II has £660m available to support smaller companies across the North of England through a combination of debt and equity finance.
Joe Ball, senior investment associate at PXN Ventures, said manual processes can make commercial lending decisions slower and more expensive, particularly where applications require substantial administrative work.
The investment provides Crediflow with additional resources to develop its software and expand the number of financial institutions using it, while retaining the lenders’ existing credit assessment and approval responsibilities.
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