Kapitus is a digital lender that has provided over $2bn in funding to 40,000 businesses across the US. Ocrolus replaced the Kapitus manual data entry with AI-based computer vision to extract and analyze data from bank statements.
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Kapitus announces partnership with Ocrolus to process 90% of applications within 30 minutes
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“Now we process over 90 percent of our applications within 30 minutes. Processing applications within that time frame is definitely a remarkable achievement, and we were the first in the industry to do it. That was only made possible with Ocrolus.” - Arun Narayan, Chief Product Officer, Kapitus
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