Casca

Casca is an AI-native loan origination platform founded in 2023 by experts in banking IT and AI researchers from Stanford University.

The company aims to modernize the commercial banking sector by addressing the limitations of outdated legacy systems. Casca's mission is to provide an AI-powered Loan Origination System (LOS) that enhances the speed, accuracy, and confidence of lenders, unlocking significant value for the industry. The primary offering is the Casca Platform, a Software as a Service (SaaS) solution that streamlines the loan application and origination process, focusing on commercial loans. The platform utilizes responsible AI to automate complex IT projects, replacing traditional infrastructure with a modern, efficient system. Casca has successfully raised $33 million in funding, including a $29 million Series A round, and has achieved 100% delivery success and client satisfaction in regulated environments. The platform serves various financial institutions, including SBA lenders and FDIC-insured banks, targeting those involved in underwriting and funding loans.