Casca provides an AI-powered lending platform designed to streamline the business loan origination process for financial institutions. The platform automates underwriting, document analysis, and credit decisioning through native integrations with data providers. This automation significantly reduces loan cycle times and improves operational efficiency for lenders.
Funding
$3.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CTSSFounders
Product
Problem
Traditional business loan origination processes involve significant manual effort in document collection, applicant support, and credit analysis, leading to long cycle times and low conversion rates. Banks and lenders struggle to efficiently manage the complexities of business loan applications, especially with after-hours inquiries and the need for rapid responses.
Solution
Cascading AI offers Casca, an AI-native Loan Origination System (LOS) designed to automate key aspects of business loan processing. Casca streamlines the loan application process by providing a digital application portal, an AI loan assistant available 24/7, and automated KYB checks and credit bureau integrations. The platform automates document collection and analysis, calculates financial ratios, and facilitates digital approvals, significantly reducing loan cycle times. By automating up to 90% of manual tasks, Casca enables banks and lenders to process more loans efficiently and improve lead conversion rates.
Target Audience
Casca is designed for FDIC-insured banks, community banks, and non-bank lenders looking to modernize their business loan origination process and improve efficiency.
Features
- AI Loan Assistant: Provides 24/7 support to loan applicants, answering questions and guiding them through the application process.
- Automated Document Collection: Automates reminders and collection of financial documents from applicants.
- KYB and Credit Analysis: Instantly analyzes over 40 KYB checks and integrates with credit bureaus for automated credit assessments.
- Digital Application Portal: Modern online loan application optimized for web and mobile, leading to higher conversion rates.
- Automated Spreading: Casca automatically analyzes documents for over 100 document types and calculates financial ratios.
- Loan Progress Tracking: Provides a portal for applicants to track the progress of their loan applications.
- Integrated Document Generation: Automates document preparation.