Casca

What is Casca?

Casca is an innovative AI-powered lending platform designed specifically for business loans, helping FDIC-insured banks, regional banks, and leading non-bank lenders streamline their loan origination processes. By leveraging artificial intelligence, Casca automates up to 90% of manual tasks involved in lending, from application handling to underwriting and decision-making. This platform redefines business lending by making it faster, more efficient, and accessible, particularly for small businesses seeking capital.

Founded with a mission to modernize outdated lending practices, Casca has raised $29 million in Series A funding from investors like Live Oak Ventures and Canapi Ventures. This backing underscores its potential to transform the $1 trillion global banking sector through AI-driven solutions. Whether you're a community bank or a national lender, Casca integrates seamlessly to reduce loan cycle times by up to five days and boost lead conversion rates by 3x.

How Does Casca Work?

At its core, Casca operates as an AI-native Loan Origination System (LOS) that combines generative AI, native integrations, and advanced data analysis to handle the complexities of business lending. Here's a breakdown of its workflow:

1. Online Application and Prequalification: Applicants submit details through a user-friendly digital interface that auto-fills information, cutting prequalification time to just five minutes. This contrasts sharply with traditional clunky forms or PDF-based submissions, which often lead to high drop-off rates.

2. AI Loan Assistant: Powered by generative AI, this 24/7 virtual assistant handles Q&A, follow-ups, and churn reduction. It responds in 2-3 minutes instead of the typical 24-48 hour delay, ensuring applicants stay engaged and conversion rates soar.

3. Automated Integrations and Checks: Casca connects with over 30 best-in-class data providers for instant Know Your Business (KYB) checks across 40+ sources, credit bureau integrations, and application tracking via a modern portal. No more relying on legacy systems or paper checklists.

4. Document Analysis and Spreading: The platform reads and processes over 10,000 pages of financial documents, including tax returns, bank statements, financials, and rent rolls. AI extracts key data, calculates financial ratios instantly, and eliminates manual PDF-to-Excel transcription—freeing underwriters to focus on strategic analysis.

5. Underwriting and Decisioning: Superhuman AI underwriting enhances decision quality while automating 100 manual steps. It supports digital approvals, automated decisions, and integrated document generation, reducing errors and speeding up the entire process.

Casca's architecture emphasizes security and compliance, making it ideal for regulated environments like SBA 7(a) and USDA lending. Banks like Live Oak and Huntington are already integrating it to cut costs and accelerate small business lending.

Key Features of Casca

Casca stands out with a suite of AI-enhanced features tailored for commercial and small business lending:

• Beautiful Digital Application: Increases conversions by 3x with intuitive design and auto-prefill.
• 24/7 AI Assistance: Handles inquiries anytime, reducing manual responses limited to business hours.
• Comprehensive Document Processing: Analyzes 100+ document types, slashing manual effort by 90%.
• Instant Financial Spreading: Automates ratio calculations for faster underwriting.
• Integrated Credit and KYB Checks: Pulls data from bureaus and sources in real-time.
• Applicant Portal: Provides transparent tracking of loan progress, replacing outdated LOS.
• Automated Follow-Ups: Boosts lead conversions through timely AI-driven communications.

These features not only cut operational costs but also improve loan growth by enabling faster market entry and higher efficiency. For instance, it reduces manual effort by a significant percentage during origination and shortens cycles dramatically.

This comparison highlights how Casca modernizes every stage, making lending effortless.

Use Cases and Practical Value

Casca excels in scenarios where speed and accuracy are paramount in business lending:

• Small Business Lending: Helps community banks serve SMEs quickly, integrating with SBA programs to reduce costs and approval times.
• Commercial Lending: Automates complex underwriting for larger deals, analyzing vast financial data to inform better decisions.
• SBA and USDA Lending: Partners like Live Oak use it for 7(a) loans, speeding up processes while ensuring compliance.

The practical value is evident in real-world impacts: Banks report 3x higher lead conversions, 90% less manual work, and five-day shorter cycles. For a global banking industry valued at trillions, this translates to massive efficiency gains. Underwriters spend less time on data entry and more on understanding business viability, leading to fairer lending outcomes.

User testimonials and case studies, such as Bankwell Bank's CIO discussing AI's role in transformation, reinforce its reliability. Casca's award-winning platform has been praised for driving innovation, with integrations proving its scalability.

Who is Casca For?

Primarily targeted at:

• FDIC-Insured Banks and Lenders: Community, regional, and national institutions looking to digitize operations.
• Small Business Financiers: Those handling SBA/USDA loans who need to compete with fintechs.
• Underwriting Teams: Professionals overwhelmed by manual tasks, seeking AI to enhance productivity.
• Brokers and Originators: Submitting leads or applying for loans via streamlined channels.

If you're in financial services aiming to automate loan origination, reduce costs, and improve customer experience, Casca is a game-changer. It's not just a tool—it's a partner in redefining lending.

Why Choose Casca?

In a crowded fintech landscape, Casca differentiates through its AI-native approach, backed by $29M funding and strategic partnerships. It prioritizes security, operational efficiency, and loan growth, ensuring quick ROI. Request a demo to see how it can transform your lending pipeline.

For more insights, explore Casca's newsroom on integrations with major banks or listen to podcasts on AI in small business lending. Getting started is simple: Contact sales@casca.com or apply directly.

Casca isn't just automating loans—it's empowering banks to lend smarter, faster, and fairer in the AI era.