Kanmon
Also a provider — view Kanmon’s profile →“Can a fully-licensed, balance-sheet lender package underwriting, capital, and compliance into an API so vertical SaaS platforms can offer working capital without becoming lenders themselves?”
Founded2021
HQSan Mateo, CA (with San Francisco presence)
FoundersMengxi Lu, Rohit Sharma
Total raised$9.2M
Latest roundSeed, 2022
IndustryInfrastructure / Lending
The story
Founded in 2021 by ex-consumer-lending operators, Kanmon set out to be the full-stack lending infrastructure for vertical SaaS, marketplaces, and financial institutions serving SMBs. Rather than a pure API-only orchestrator, Kanmon holds its own state lending licenses, deploys its own balance sheet, and handles servicing and collections — positioning itself against orchestration-only competitors like Parafin and Kanmon-adjacent players by taking on credit risk directly and paying partners a revenue share.
Product timeline
0
Achieved SOC 2 Type I compliance.· compliance
0
Launched partner programs including Cin7 Capital and Nuvei Payments AR Financing powered by Kanmon.· partnership
2021
Kanmon founded by Mengxi Lu and Rohit Sharma to embed working capital into vertical SaaS platforms.· founding
2022
Closed $5M Seed round led by Bessemer, Infinity Ventures, Inspired Capital, and Homebrew.· funding
2025
Expanded product suite to include working capital, invoice financing, buyer financing, and revenue-based financing under a single API.· lending
Regulated entities
1
regulatory licence held by Kanmon
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Kanmon’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Lending
in the full report
Accounting gap: none
8 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.