Casca

Banking, Fintech, Software, AI

Author

Peniel Keme Kitoko
April 08, 2024 • Estimated Reading Time: 3 minutes

🌎🌍🌏| North America Monday

Process 10x more loans with an AI Assistant.

  Problem

  • Market Potential: The banking sector, ripe for innovation, grapples with outdated systems and manual operations, hampering customer service.

  • Challenge: Financial institutions struggle to handle complex systems efficiently, hindering their ability to serve customers effectively.

  • Lacking Tool: A comprehensive AI-native solution that seamlessly integrates with existing infrastructure and automates core banking processes is missing.

    • Extra Barriers: Traditional approaches like RPA and chatbots falter with unstructured data and compliance requirements.

This issue's Startup equips banks, credit unions, and fintechs with AI agents to enhance customer communication and streamline processes.

  Solution

Casca - Cascading AI

Cascading AI offers an AI-native Loan Origination System that automates 90% of manual tasks, guiding small business loan applicants efficiently.

How: Casca equips banks with AI agents that navigate systems, extract information, and enhance customer communication.

  • Platform: AI agents like Sarah communicate with applicants, streamlining the application process via email or SMS.

  • Target: Targeting banks, Casca's solution streamlines loan origination, benefiting both businesses and lenders.

  • Resolving: By addressing inefficiencies, Cascading AI revolutionizes loan origination, easing the manual effort for banks.

Product Demonstration

  Company Info

  • Industry: Banking, Fintech, Software

  • Business Model: Subscription-Based

  • HQ: San Francisco, California, United States

  • Founding Year: 2023

  • Employee Count: 3

  • Investors: Y Combinator, Clocktower Technology Ventures, Peterson Ventures, Sarah Smith Fund

  • Funding Amount: $3.9 Million

  Traction

  •   Tripling lead conversion rates for SBA 7(a) loan applications

  •   Reactivating 50% of cold applicants with personalized follow-ups

  •   Automating 90% of manual workflows in small biz loan origination

  Competition Advantages

  • AI-native solution tailored for banking processes

  • Streamlined integration with existing IT infrastructure

  • Comprehensive automation of core banking tasks

  Founders

  • Lukas Haffer, CEO (Stanford GSB ‘23)

  • Isaiah Williams, CTO (Stanford CS ‘22)

  Job Opportunities & Contact

  • Hiring Status: Active

  • Contact Information:

    • [email protected]

    • https://www.linkedin.com/in/isaiahml/

    • https://www.linkedin.com/in/lukashaffer/

    • https://www.cascading.ai/contact

  Why Invest by George

❝

Invest in Cascading AI, ooh-ooh-ahh-ahh, because it makes banking easy-peasy with banana-smooth loan processes, saving time and money!

🐵

- George Capuchinski -

  Voices From Our Community (By George: Coming Soon 🍌)

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Cheers,

Peniel Keme Kitoko

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