Casca, a San Francisco-based financial services company, announced it raised $29 million in a Series A funding round led by Canapi Ventures, bringing its total funding to $33 million. Founded in 2023, Casca bills itself as the first AI-native loan origination platform. The company says it can process commercial loans up to 30 times faster than industry averages.
Casca leverages responsible AI and bank-grade underwriting to simplify and accelerate commercial lending, serving major U.S. Small Business Administration lenders and FDIC-insured banks. Its platform is designed to fully automate the commercial loan process, offering financial institutions faster funding speeds and data-driven insights.
With the new funding, Casca plans to scale operations, expand hiring and accelerate go-to-market initiatives. It will expand its platform’s reach to more financial institutions and strengthen its team of engineers and product builders.
