AI-fintech platform Kaaj has raised $3.8 million in a seed funding round led by Kindred Ventures, with participation from Better Tomorrow Ventures and other investors. The round will support Kaaj’s mission to bring next-generation underwriting workflows to small-business lending and make smaller loans economically viable for lenders.
Funding to Scale AI Agents, Product & Lending Partnerships
Kaaj intends to deploy the fresh capital toward expanding its engineering team, enhancing its agentic AI workflows and doubling down on partner integration with lenders and brokers. The startup will also focus on broadening its service reach across U.S. small-business lending and equipment-finance verticals.
A Platform Built for End-to-End Credit Automation
Founded in 2024 by Utsav Shah (CEO) and Shivi Sharma (President), Kaaj builds an AI platform that automates credit risk analysis using agentic workflows. The platform processes full loan packages from document ingestion and verification to risk assessment and policy-matching and integrates with lender systems for rapid decision-making. Clients include equipment-finance and SME lenders.
Kaaj claims to have processed over $5 billion in loan application flows to date and can reduce underwriting time from days to minutes through automation. Its approach targets loans under $1 million, where traditional underwriting has struggled to be profitable.
Final Take
Kaaj’s $3.8 million seed infusion signals growing investor conviction in AI-driven infrastructure for SME finance. By automating the underwriting pipeline end-to-end, the startup is poised to make previously uneconomic small-business loans viable, opening significant growth opportunities for both lenders and underserved borrowers.
