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3 Latest Announced Rounds

$2,265.93M Raised in 95 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Algebrik AI

start up
United States - New York, NY
  • 05/11/2024
  • Series A
  • $4,000,000

Algebrik AI, headquartered in New York City is the world's first cloud-native and AI-powered digital-era Loan Origination System (LOS) company.

Last innovation in lending tech was more than 25 years back, it is about time that credit unions of all sizes switch to inclusive future proof lending technology built to attract, retain / engage and grow GenZ & GenAlpha members.

Vision:
Our vision is to revolutionise the loan origination process with cutting-edge, inclusive AI technology, delivering faster, more accurate, and personalised lending experiences. We aim to become the category leader as a pure-play SaaS AI-powered lending tech platform, with a unicorn 🦄 valuation and listing on NASDAQ by 2030.

Mission:
To help credit unions of all sizes deliver loans digitally to their members when & where they need the most via world's 1st cloud native & AI-powered digital era LOS


Related People

Pankaj JainFounder

Pankaj Jain United States - New York, New York

My mission is to bring well deserved unbanked, underbanked, underserved and overlooked to mainstream banking, make credit available and make them part of socio-economic upliftment of the society through financial inclusion.

Empowering the unbanked and underbanked by crafting and launching scalable solutions through the use of disruptive technologies and innovation in Big Data, Machine Learning (ML) and Artificial Intelligence (AI) based predictive analytics products & solutions to drive financial inclusion of well-deserved while keeping fraudsters at bay.

I am infectiously passionate about financial inclusion, building new disruptive business models to create social impact and spread wealth, building deep client relationships, crafting innovative solutions and win win commercial arrangements.

I have over 25 years of global entrepreneurial experience as business and commercial leader in Retail Banking, Capital Markets, Banking, Financial Services & Insurance. Key strengths include

• Business Transformation / Business (P&L) Management - Demonstrated expertise in turning around negative or flat business growth situations to unprecedented revenue and margin growth leading up to 2X multiple of stock price in less than 3 years i.e. market cap moving from USD $1.2 Bn in 2013 to USD $2.4 Bn in 2016.

• Creating Industry Utilities - Led from concept to launch, creation of industry utilities for global institutional financial markets by bringing diverse set of tier 1 fortune 100 global financial services clients as design partners and member banks. Market valuation > $1 Bn.

• Building High Performance Teams - Proven track record of building, managing and developing high performance new account acquisition / new business development (Art & Science of Rainmaking), large account management, client relationship management and services delivery teams