Kanda is a UK-based fintech platform that enables general contractors, such as electricians and builders, to offer pay-monthly financing options to their clients. Contractors are paid in full immediately upon job completion, while clients can repay over flexible terms ranging from 10 months to 10 years. This service helps smaller contractors compete with larger firms by providing affordable financing options to homeowners, reducing the barrier of upfront costs and de-risking contractors from non-payment. Kanda partners with banks to offer 0% finance options and personal loans, and plans to introduce a secure holding account for payment arbitration. The platform also includes estimating tools and bespoke advertising support for contractors.
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11 days ago
