Dublin-based Rekord, an AI-native orchestration platform for credit decisioning, has raised $2.1M (approximately €1.7M) in pre-seed funding led by Point Nine Capital.
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Octopus Ventures, Hello World, Baseline, and angels, including Eugene Danilkis, co-founder of Mambu, also participated.
What does Rekord solve?
In a world where you can open a bank account in minutes and send money instantly, getting a credit decision can still take days or weeks.
The problem isn’t a lack of data or expertise; it’s that the process is fragmented.
Mortgage, small business, and personal credit applications often require underwriters to go through PDFs, pull reports from different systems, and manually enter information.
A small mistake can lead to many resubmissions, delaying the process and frustrating both lenders and borrowers.
“In 2023, Mark and I both got the keys to our first homes. What should have been moments of joy were instead moments of sheer relief. The process was long, confusing and painfully manual. Back at AWS, we watched the same thing happen to friends and colleagues,” says Christopher Lynch, Co-Founder & CEO.
Rekord: Powering credit decisioning
Founded in 2024 by Christopher Lynch (CEO) and Mark Noone (CTO), Rekord is the AI-native platform for designing, scaling, and monitoring intelligent decision flows across underwriting, onboarding, compliance, and fraud.
The Irish organisation integrates fragmented systems, data sources, and policies into a single, connected decision-making fabric.
This helps achieve faster and clearer outcomes, reducing costs and improving transparency for financial institutions.
The company’s API-first platform connects with loan origination systems, core banking, credit bureaus, and open banking providers.
Rekord simplifies workflows by automating tasks for lenders. It helps process both structured and unstructured data and allows for the automation of repetitive activities, freeing up human resources for more complex situations.
“Today, we’re helping lenders transform existing flows with intelligent automation. Tomorrow, we’re giving them the building blocks for truly real-time, personalised, data-driven credit decisions that stay fully explainable, compliant and secure by design,” says Lynch.
Lenders can test different lending products using methods like A/B testing and risk simulations.
Additionally, Rekord supports making faster, clearer, and compliant decisions.
“At Rekord, our mission is to make every credit decision smarter, faster and more reliable. We’re not just building the glue that holds fragmented systems together. We’re building the intelligence layer for regulated decisioning, one that can reason over complex data and deliver decisions with confidence,” he concludes.
