Casca Raises $29 Million to Replace Legacy Lending

Casca, an AI-Powered Loan Origination Platform, led by Lukas Haffer, Isaiah Williams, Adlon Adams, Derick Guan, Sarah Koulogeorge, and Michaela Witzel has raised $29 million in Series A, led by Canapi Ventures with participation from Live Oak Bank, Huntington National Bank, Bankwell Bank, Y Combinator, Peterson Ventures, and Alliance Funding Group, bringing the total funding to date to $33 million.

Just 15 months after its pre-seed round, Casca is outpacing competitors with significantly faster and more efficient commercial loan processing—funding loans up to 10x faster than other fintechs and 30x faster than industry norms. This new funding will support Casca in scaling operations, growing its team, and accelerating go-to-market efforts to make its platform accessible to more financial institutions.

Casca is a loan origination platform that uses responsible AI to streamline the application and approval process. It’s trusted by leading SBA lenders and FDIC-insured banks. Founded in 2023 by banking IT veterans and Stanford AI researchers, Casca is backed by Y Combinator, Canapi Ventures, Peterson Ventures, Clocktower Ventures, Sarah Smith Fund, and The Fintech Fund.