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Credit risk automation platform Kaaj raises $3.8M seed from Kindred Ventures
Startups & Fintech 5 hours ago
In a move to revolutionize small business lending, credit risk automation platform Kaaj has secured a massive $3.8 million seed round from leading investor Kindred Ventures.
The company, founded by Shivi Sharma and her husband Utsav Shah in 2024, aims to simplify the often tedious process of credit risk analysis for lenders. By using AI-powered agent workflows that mimic human underwriters, Kaaj helps automate credit risk assessment, thereby freeing up staff to focus on subjective deal-making.
According to sources close to the company, Kaaj has already processed over $5 billion worth of loan applications, with clients including Amur Equipment Finance and Fundr. The platform integrates seamlessly with existing CRM systems like Salesforce, HubSpot, or Microsoft Dynamics, providing lenders with a comprehensive view of their potential borrowers.
In an exclusive interview with TechCrunch, Shah emphasized the need for a more efficient and streamlined credit risk assessment process. “We do this by deploying agentic AI workflows that mimic human teams to help lenders analyze end-to-end loan packages,” he explained.
The fresh capital will be utilized in accelerating product development and expanding Kaaj’s reach across independent and small business lenders. In addition, the company plans to enhance its AI agent capabilities and expand module offerings to cater to a broader range of clients.
Kaaj competes directly with other credit risk automation platforms such as Middesk, Ocrolus, and MoneyThumb. However, Sharma believes that Kaaj’s commitment to automating the entire credit analysis process sets it apart from competitors who only automate parts of it.
Source: techcrunch.com
