AI-driven underwriting agents automate extensive borrower diligence, enabling lenders to assess risk and originations at scale without adding staff.
Funding
Funding not disclosed
Founders
Product
Problem
Many lenders reject or misprice borrowers because they lack complete financial data and cannot afford the time-intensive diligence required to assess risk beyond basic credit scores. Incomplete information and systemic bias exclude millions from credit access, limiting loan originations.
Solution
Sphaera Credit offers AI-driven underwriting agents that automatically extract and verify missing data from bank statements, credit reports, employment records, and other sources. The agents initiate targeted communications with borrowers, employers, and other references via phone, email, or SMS to gather clarifications and additional evidence. By consolidating and analyzing this enriched data, the platform provides lenders with a comprehensive risk profile that goes beyond traditional credit scores, enabling confident underwriting at scale without adding staff.
Target Audience
Lenders and financial institutions that originate consumer and small‑business loans and need deeper, automated due diligence to expand credit access while managing risk.
Features
- Automated extraction of hidden liabilities, asset ownership, and debt details from bank statements and credit reports
- Dynamic verification of income and employment through pay stubs, tax records, employer outreach, and web-based business presence checks
- Contextual analysis of credit report nuances such as payment timing, utilization trends, and inquiry patterns
- Multi-channel communication engine (phone, email, SMS) to engage borrowers, employers, landlords, accountants, and other references
- Customizable verification workflows tailored to specific lending products and risk factors
- AI-generated risk summaries that integrate all collected data into a unified borrower profile