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Kaaj Raises $3.8 Million Seed to Scale AI Underwriting for Small Businesses

Fresh funding positions the San Francisco startup to speed product development for a broader push into U.S. small‑business lending.

Overview

  • Kindred Ventures led the $3.8 million round with participation from Better Tomorrow Ventures, according to the company and multiple reports.
  • Kaaj says its agentic AI automates end‑to‑end credit analysis, moving underwriting from days to minutes by ingesting documents, checking for fraud, and populating loan systems.
  • The platform integrates with lenders’ LOS and CRM tools such as Salesforce, HubSpot, and Microsoft, emphasizing traceability and audit‑ready outputs for compliance.
  • The company reports having processed more than $5 billion in applications and lists customers including Amur Equipment Finance, Quality Equipment Finance, and Fundr.
  • Use of proceeds focuses on enhancing AI agent capabilities and expanding into U.S. small‑business and equipment finance, with company‑reported throughput gains that vary by outlet (examples range from 500→2,000 to 500→20,000 applications per month).