Fintech company Lama AI has raised $12 million in Series A funding. The company develops an AI-agent platform for the banking sector. The current round, led by EJF Ventures, brings Lama AI’s total funding to more than $20 million.
The company’s technology is built on an artificial intelligence infrastructure that provides credit-risk assessment solutions for businesses, enabling financial institutions such as banks and fintech companies to approve loans for small and medium-sized businesses more quickly, efficiently, and accurately. Lama AI reports 300% year-over-year growth.
Since launching its platform, the company has expanded support across the full lifecycle of additional credit products, including commercial and industrial lending, commercial real estate financing, and credit cards. According to the company, its customers have achieved improvements of several hundred percent in key business performance metrics.
The funding round was led by EJF Ventures. Additional investors include Fin Capital, 1st & Main, senior executives from the U.S. banking industry, and existing investors SixThirty, Viola Ventures, and Hetz Ventures.
The company plans to use the new capital to expand its go-to-market, sales, and marketing teams and to meet growing demand from banks across the United States.
“We are living in a time when artificial intelligence is transforming entire industries and the labor market at an extraordinary pace,” said Omri Yacubovich, CEO and co-founder of Lama AI. “At Lama AI, we see the great opportunity of this period not as a way to replace people, but as a way to give great people greater influence.
“The problem we solve sits at the heart of the economy: how to enable businesses to access credit faster, smarter, and more responsibly. Behind every credit decision is a business, its employees, suppliers, and community.”
