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Algebrik AI raised $4M in Series A funding to accelerate software development and advance its AI-powered loan origination platform.

Nov 04, 2024about 1 year ago

Amount Raised

$4 Million

Round Type

series a

New YorkFintechArtificial IntelligenceFinancial Services

Description

Algebrik AI, based in NYC, raised $4M in Series A funding. The company aims to use the funds for software development and to strengthen its market position.

Company Information

Company

Algebrik AI

Location

New York, New York, United States

About

Algebrik AI is a NYC-based provider of a cloud-native and AI-powered digital era loan origination platform. The company empowers credit unions, mid-tier banks, and lenders of all sizes to attract, engage, grow, and retain members or consumers. It focuses on enhancing the software and advancing its solutions in the loan origination market, which is projected to grow significantly in the coming years.

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