Informed
Informed is an AI-powered company founded in April 2016 by Justin Wickett and Magdalena Yesil, focused on improving the lending process for financial institutions. They leverage Vertical AI, document intelligence, and a knowledge graph to automate verifications, reduce fraud, and increase financial inclusivity. Informed processes millions of consumer credit applications annually, automating billions in loan originations. Their solutions are designed to integrate with existing systems, offering faster onboarding, reduced risk, and improved compliance. Informed's AI copilot assists loan officers by classifying, extracting, and comparing data from various documents, moving towards 'touchless funding'. They serve major auto lenders, credit unions, and consumer lenders, positioning themselves as leaders in AI lending solutions with generative AI and vertical language model capabilities.
Informed
Informed is an AI-powered company founded in April 2016 by Justin Wickett and Magdalena Yesil, focused on improving the lending process for financial institutions. They leverage Vertical AI, document intelligence, and a knowledge graph to automate verifications, reduce fraud, and increase financial inclusivity. Informed processes millions of consumer credit applications annually, automating billions in loan originations. Their solutions are designed to integrate with existing systems, offering faster onboarding, reduced risk, and improved compliance. Informed's AI copilot assists loan officers by classifying, extracting, and comparing data from various documents, moving towards 'touchless funding'. They serve major auto lenders, credit unions, and consumer lenders, positioning themselves as leaders in AI lending solutions with generative AI and vertical language model capabilities.
TL;DR
Founded: April 2016
Headquarters: Tiburon, California
Core product: AI/ML document intelligence and real-time employment & income verifications for lenders
Scale (reported): Processed over 6 million consumer credit applications in 2023; automated over $125B in loan originations
Funding: $20M Series A (announced 2021)
Company Overview
Problem Domain
Lending verification, fraud detection, onboarding and compliance for consumer and auto lending
Founded
2016
Industry
Fintech / Lending technology
Tech Stack
Funding Track Record
20000000.00
Round included participation from angel investors such as Manuel Bronstein and Dan Romero
Investor Signal
“Nyca Partners and U.S. Venture Partners as co-leads; participation from notable angel investors”