Rekord raises $2.1M to power the future of credit decisioning

Dublin-based Rekord has raised $2.1 million in pre-seed funding to advance its AI-native platform for credit decisioning. The round was led by Point Nine Capital, with participation from Octopus Ventures, Hello World, Baseline, and angels including Eugene Danilkis, co-founder of Mambu.

Founded in 2024 by longtime friends Christopher Lynch (CEO) and Mark Noone (CTO), who met at university and later built large-scale infrastructure at AWS, Rekord emerged from the founders’ own 2023 home-buying experiences, which were marked by manual, opaque, and conflicting requirements. They set out to modernize how lenders balance regulation, risk, and customer expectations.

Market signals point the same way. Each year, lenders originate more than $10 trillion in mortgages, SME loans, and consumer credit worldwide, a figure projected to approach $15 trillion by 2028. Europe accounts for over $4 trillion annually, while the US contributes roughly $2.5–$3 trillion. Yet origination remains highly manual and fragmented. At the same time, rapid advances in generative AI have sparked both excitement and scrutiny, with regulators in Europe and the US signalling stricter requirements on explainability, bias, and consumer protection. In this environment, deploying AI safely and compliantly has become a strategic priority.

Rekord addresses this by unifying core banking and loan-origination systems with external data sources such as credit bureaus and open-banking providers. Its AI-native, API-first orchestration platform turns fragmented, manual work into explainable, automated decision flows. Lenders can design, test, and launch fully automated processes across mortgages, SME lending, and consumer credit, reducing manual steps, accelerating cycle times, and freeing teams to focus on complex cases.

Lenders are under real pressure to reduce costs while meeting growing expectations for efficiency and service,

said Christopher Lynch.

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.

Over the next six months, Rekord will onboard new design partners, expand across the EU and UK, and grow its team to meet demand. The company is preparing pilot programs with selected institutions to demonstrate how its platform can cut operating costs and materially improve the customer experience.