Casca, a Stanford-founded fintech startup, has raised $29 million in a Series A funding round to advance its AI-native loan origination platform. Launched just 15 months ago, Casca's technology automates 90% of manual loan processing efforts, enabling commercial loans to be funded up to 10 times faster than other fintech companies and 30 times faster than traditional industry averages. The platform is designed to disrupt legacy lending systems by significantly reducing the time required to process commercial loans. Separately, Infosys has partnered with Uniting Financial Services in Australia to deploy its Finacle Digital Banking Suite on the AWS cloud, aiming to modernize digital banking within five months.
Magic of AI - 10x -30x Casca is leapfrogging the competition with superior functionality and dramatically faster loan processingâfunding commercial loans up to 10 times faster than other Fintechs and 30 times faster than industry averages. https://t.co/2ipperYzjc
⥠BANKING DISRUPTION: Stanford-founded Casca is processing commercial loans 30x faster than traditional methods and 10x faster than other fintechs! Their AI automates 90% of manual effort, turning weeks into days. Legacy lending systems are being disrupted! đŠđš "AI-Native
Casca raises $29m for AI-based loan origination platform https://t.co/gM68fjyk7M