Kaaj Raises $3.8 Million to Scale Its AI-Powered Underwriting Platform
- Secures $3.8 Million seed round led by Kindred Ventures
- Plans to expand product modules and customer base
- Aims to automate and simplify small-business loan underwriting
Kaaj, an AI-driven fintech startup focused on improving credit intelligence for small and medium-sized borrowers, has raised $3.8 million in a seed funding round led by Kindred Ventures. Better Tomorrow Ventures and several other investors also joined the round.
The company plans to use the funds to strengthen its product suite, build new underwriting modules, and onboard more lenders and brokers who support small and medium-business financing. Kaaj enters the market with a platform designed to automate underwriting workflows that typically take lenders days to complete. Its system can extract, verify, and organize borrower documents and financial data within minutes, helping lenders process loans faster and more accurately.
Kaaj says its technology has already handled more than $5 billion in loan applications. The platform integrates smoothly with existing loan origination systems and CRM tools, allowing lenders to adopt it without overhauling their existing processes.
Traditionally, underwriting smaller loans has been expensive and time-consuming, often making it unprofitable for lenders to serve smaller businesses. By automating the process, Kaaj aims to reduce costs, improve efficiency, and make small-business lending more accessible for both lenders and borrowers.
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The company believes its AI-first approach can help financial institutions scale their small-business lending operations while maintaining accuracy and compliance. As demand for faster financing grows among SMEs, Kaaj hopes to position its platform as a core workflow tool for modern lenders.
