Lama AI aims to give lenders improved efficiency, expanded financial product offerings

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Lama AI, a fintech startup, has developed an AI-powered platform to help small- and medium-sized businesses (SMBs) access credit more easily. The platform enables fintech partners to quickly onboard customers and offer a range of financial products tailored to different risk levels. By leveraging first- and third-party data, as well as open-web data, Lama AI streamlines the lending process, reducing paperwork and application time. The platform connects lending opportunities to the best match in its network based on partner preferences. This allows banks to offer new lending products without the need to build their own infrastructure or models. The funding round of $9 million was co-led by Viola Ventures and Hetz Ventures, with participation from Foundation Capital and SixThirty.

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