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Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT.
Ocrolus is a document automation platform that powers the digital lending ecosystem, automating credit decisions across fintech, mortgage, and banking. The company provides document analysis infrastructure to customers like PayPal, Brex, SoFi, and Plaid, and has raised over $100 million from blue-chip fintech investors. Ocrolus enables financial services firms to make high quality decisions with trusted data and unparalleled efficiency.
Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT.
Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT.
Ocrolus, the emerging leader in analyzing financial documents, today at the LendIt Fintech USA Conference, announced a $4 million Series A investment led by Bullpen Capital with participation from QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures.
Ocrolus is a RegTech Company that uses Artificial Intelligence to automate underwriting tasks with unprecedented accuracy and confidence. The technology parses financial documents, principally bank statements, with a combination of pattern recognition, crowdsourced data verification and fraud detection. With stunning efficiency, Ocrolus delivers standardized, actionable data that is inputted directly into credit models without the need for human intervention. Ocrolus is a unique solution for transparent analysis and rigorous documentation in credit decisioning.
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