Ocrolus

About

Ocrolus provides AI-powered document automation and analytics for lending and other financial decisions. The company was founded in 2014 and specialises in reading financial documents such as bank statements, pay stubs and tax documents, with fraud detection to identify fake documents and data inconsistencies. For small business funders it offers cash flow analysis and Encore, a deal-sharing tool, while for mortgage lenders it offers income calculations and Inspect for creating and clearing underwriting conditions. Other use cases listed on its site include auto finance, consumer lending, tenant screening, tax, legal and Medicaid. Its website states that it has raised $110M in venture funding.