Crediflow AI raises €1.8 million to expand loan processing automation
Image: EU-Startups Manchester-based Crediflow AI has secured €1.8 million (£1.5 million) to develop its commercial loan processing platform, expand its engineering and product team, and bring on more banks and specialist lenders. NPIF II - PXN Equity Finance led the round, with participation from Haatch and angel investors.
The platform extracts financial data from borrower documents and organises it for credit teams. Crediflow says it can reduce preparation that takes several days to between 10 and 30 minutes. Hundreds of credit professionals already use it across the UK, Europe and the United States. The resulting credit analysis still goes to a lender for approval.
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