Kanda
Kanda, previously known as Kanda Products & Services Ltd, is a fintech company based in Birmingham, England, specializing in credit and lending solutions for a wide range of UK service-based and online retail businesses.
Company Overview
Kanda, formerly known as Kanda Products & Services Ltd, is a fintech company based in Birmingham, England, United Kingdom, with a fully remote team. Operating within the credit and lending sub-industry, Kanda supports a multitude of businesses across the UK and Europe. The company is recognized for its innovative financing solutions that cater to various trades, service-based industries, and online retailers.
Services
Kanda provides a platform that enables contractors to offer financing options quickly, ensuring that they get paid on time, every time. The platform supports jobs ranging from £500 to £50,000, with customers able to pay a deposit between 10% and 50% of the total job value. The company caters to a wide array of sectors including renewable energy, auto detailing, IT services, and dental & aesthetics. Kanda also offers an API for businesses to embed financing options directly on their websites, making it easier to sell services online.
History
Kanda was part of the Y-Combinator Winter 2021 (W21) batch, which marked a significant milestone in its development and growth. Initially named Kanda Products & Services Ltd, the company has since evolved to become a trusted name in the UK fintech industry. Its financing solutions are utilized by thousands of UK trades, service-based businesses, and online retailers.
Market Reach
Kanda operates across the United Kingdom and Europe, providing fully remote services that cater to a diverse range of industries. The company works with major UK trades, service-based businesses, and online retailers. There is no minimum turnover required for contractors to use Kanda's services, which broadens its appeal to small and medium enterprises. Additionally, the platform supports various sectors including architectural services, driving lessons, events planning, and more.
Customer Financing Options
Kanda offers versatile financing options for customers looking to remodel or undertake large projects without paying the full price upfront. Contractors can build and send quotes to customers directly via the platform, and offer finance solutions within five minutes. This model has helped thousands of UK trades and service-based businesses to secure work and ensure timely payments without the need for an FCA license.