Dublin-based Rekord, an AI-native engine for credit decision orchestration, has raised €1.7M ($2.1M) in pre-seed funding led by Point Nine Capital, with participation from Octopus Ventures, Hello World, Baseline, and angels including Eugene Danilkis (co-founder of Mambu).
While opening a bank account or sending money can take minutes, credit decisions for mortgages, loans, or small businesses often take weeks. Lenders still rely on fragmented workflows—underwriters manually process PDFs, pull reports from multiple systems, and enter data by hand. Errors or resubmissions further slow the process, frustrating both lenders and borrowers.
Rekord’s AI-native platform
Founded in 2024 by Christopher Lynch (CEO) and Mark Noone (CTO), Rekord integrates siloed data, policies, and systems into a single orchestration layer. Its API-first platform connects with loan origination systems, credit bureaus, open banking providers, and core banking systems, enabling:
- Automated handling of structured and unstructured data
- Streamlined underwriting, onboarding, compliance, and fraud checks
- Real-time, explainable credit decisions with full regulatory compliance
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“We’re not just gluing fragmented systems together,” said Lynch. “We’re building the intelligence layer for regulated decisioning — one that can reason over complex data and deliver smarter, faster, more reliable outcomes.”
Looking ahead
With this funding, Rekord plans to expand product development and bring its AI-native orchestration platform to more financial institutions. Its long-term goal is to make real-time, personalised, and compliant credit decisioning the industry standard.
