TLDR: Dublin-based Rekord has successfully raised $2.1 million in pre-seed funding to advance its AI-native platform for credit decisioning. The investment, led by Point Nine Capital, will enable Rekord to expand its operations across the EU and UK, grow its team, and onboard new design partners. The company’s platform aims to automate and streamline credit origination processes, addressing the industry’s manual and fragmented nature while ensuring compliance and explainability in the age of generative AI.
Dublin-based fintech innovator, Rekord, has announced a significant milestone, securing $2.1 million in pre-seed funding. This capital injection is earmarked to propel the development and expansion of its cutting-edge AI-native platform, designed to transform the landscape of credit decisioning.
The funding round was spearheaded by Point Nine Capital, with notable participation from Octopus Ventures, Hello World, Baseline, and a consortium of angel investors, including Eugene Danilkis, co-founder of Mambu.
Founded in 2024 by long-time friends Christopher Lynch (CEO) and Mark Noone (CTO), Rekord’s inception was inspired by the founders’ personal struggles with the manual, opaque, and often conflicting requirements encountered during their own home-buying experiences in 2023. Both Lynch and Noone bring a wealth of experience, having met at university and later honed their skills building large-scale infrastructure at AWS. Their shared vision is to modernize how lenders navigate the complex interplay of regulation, risk assessment, and evolving customer expectations.
The global credit market presents a vast opportunity for such innovation. Lenders worldwide originate over $10 trillion annually in mortgages, SME loans, and consumer credit, a figure projected to surge to $15 trillion by 2028. Europe alone accounts for more than $4 trillion, while the US contributes approximately $2.5–$3 trillion. Despite these colossal figures, the credit origination process remains largely manual and fragmented.
In parallel, the rapid advancements in generative AI have introduced both immense potential and increased scrutiny. Regulators in Europe and the US are signaling a push for stricter requirements concerning AI explainability, bias mitigation, and robust consumer protection. Consequently, the safe and compliant deployment of AI has become a critical strategic imperative for financial institutions.
Rekord’s solution directly addresses these challenges. Its AI-native, API-first orchestration platform seamlessly unifies core banking and loan-origination systems with diverse external data sources, including credit bureaus and open-banking providers. This integration transforms fragmented, manual workflows into automated, explainable decision flows. The platform empowers lenders to design, test, and launch fully automated processes across various credit products—mortgages, SME lending, and consumer credit—thereby significantly reducing manual steps, accelerating cycle times, and allowing teams to concentrate on more complex cases.
Christopher Lynch, CEO of Rekord, emphasized the current pressures on the lending industry, stating, “Lenders are under real pressure to reduce costs while meeting growing expectations for efficiency and service.” He further elaborated on the platform’s impact, asserting, “Rekord can reduce the manual work in credit origination by up to 80 per cent, freeing teams to focus on customers and complex cases while ensuring decisions remain compliant and explainable.”
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Looking ahead, Rekord plans an aggressive expansion strategy over the next six months. This includes onboarding new design partners, extending its footprint across the EU and UK markets, and scaling its team to meet anticipated demand. The company is also preparing pilot programs with selected institutions, aiming to tangibly demonstrate how its platform can drive down operating costs and substantially enhance the customer experience.
