#LendTech / Ocrolus Named #1 Fastest Growing Fintech

Ocrolus, a document analytics company, was recently named Inc.’s #1 fastest growing fintech company in the US and #1 fastest growing software company in NYC… Ocrolus was founded in 2014 and has grown by 8,000% to become an industry-leading document scanning platform…

[CEO and Co-Founder:] “Lenders who were not using Ocrolus were not able to get to underwriting decisions as fast as lenders that were using Ocrolus… Once we got a few big consumers on the platform, we were able to quickly onboard more and more funders and help them increase speed in their underwriting process.”

… The API directly addresses many financial institutions’ problems with scale- typically, more applications require more manpower to sift through paperwork… “Typically, when a customer starts using our platform, within one year of using our platform, they double their volume, and within two years they quadruple… One of the reasons for that is they no longer have to staff up and deal with the operational complexities of handling the fluctuating volume of loans.”

https://debanked.com/2020/09/ocrolus-named-1-fastest-growing-fintech-by-inc/