Company Market Research Report: Cascading AI Inc.

Company Overview

Name

Cascading AI Inc.

Mission

To unlock $1 trillion in value for global banks through responsible AI by modernizing and streamlining the loan origination process with minimal manual effort.

Founding

Year Founded: 2023

Founders: Team of Banking IT experts and AI researchers from Stanford University.

Key People

Lukas Haffer: Co-Founder / CEO

Isaiah Williams: Co-Founder / CTO

Justin Norwood: Chief Market Officer

Headquarters

No information is available.

Number of Employees

No information is available.

Revenue

No information is available.

Overview

Cascading AI Inc. is known for its AI-native system designed to streamline the loan process, providing banks, credit unions, and non-bank lenders significant efficiency and reliability. The company is particularly known for its advanced AI loan assistant and compliance with highly regulated banking sectors.

Products

Product 1: Sarah AI Loan Assistant

Description

Casca's next-generation loan origination system enables financial institutions to process commercial loans with significantly reduced manual effort.

Key Features:

Pre-Qualification: Handles inquiries 24/7 with instant responses.

Online Application: Modern and user-friendly application with up to 70% lead conversion.

Document Collection: Automated reminders and secure document storage.

KYB & Underwriting: Automated KYB checks and credit analysis, reducing loan cycle times by 5 days.

Product 2: SBA Loan Application

Description

Specifically tailored for SBA loans to streamline the application process with features like E-Tran integration.

Key Features:

E-Tran Integration: Direct submission to the SBA.

SBA Eligibility Checks: Compliance with SOP rules.

Automatic Credit Score Pulls: Integration for instant credit checks.

Product 3: Small Business Lending

Description

System designed to originate small business loans with reduced manual processing.

Key Features:

Customizable Application Forms: Easy customization for specific needs.

Secure Applicant Portal: Real-time status tracking and secure document handling.

Automated Document Collection and Analysis: Efficiency in document management and processing.

Product 4: Commercial Loan Application

Description

Tailored for large commercial loans, offering high efficiency and customizable application solutions.

Key Features:

Customizable Forms: Easily adaptable for specific needs.

Secure Commercial Loan Portal: Real-time tracking and secure storage.

Automated Document Collection and Analysis: Streamlined document management.

Recent Developments

New Products Launched

Sarah AI Loan Assistant: Enhanced functionalities for automating loan origination and document management.

SBA Loan Application: Solution designed specifically for SBA loans with E-Tran integration.

Small Business Lending and Commercial Loan Application: Systems designed to handle small business and large commercial loans respectively.

New Partnerships

Trusted by FDIC-insured Banks: Partnership and trust from major financial institutions.

Investors and Advisors:

Ben Savage - Investor at Clocktower Ventures

Nik Milanovic - Investor at The Fintech Fund / Founder of This Week in Fintech

Support from a16z, Peterson Ventures, and Y Combinator.

Featured Achievements

Awards: "Best of Show" award-winning live presentation at Finovate Spring 2024 in San Francisco.

Success Stories: Case studies showing significant results, such as tripling lead conversion rates for SBA loan applications and achieving 300% higher online loan application conversions.