Clara Capital: Speeding Up Small Business Funding with AI
Clara Capital has reached a significant milestone, lending over $350 million to small and medium-sized businesses. The company leverages AI to streamline processes, making it faster and easier for businesses and their partners.
Speed and Efficiency
The CEO, Ryan Adwar, emphasizes that their AI-first approach has drastically reduced the time to get a funding offer. What used to take days now takes hours, without compromising on careful lending practices.
Automation Benefits
Matt Byron, the CFO, points out that automation is not just about speed. It also ensures consistency, transparency, and better financial outcomes. Their entire process, from application to servicing, is now more controlled and data-driven, enabling responsible growth.
Growth and Expansion
- Processing 2,500 applications every month
- Surpassed 10,000 AI-processed applications on their platform
- Network of ISO partners grew by 38% since May
Technological Upgrades
Their tech platform has seen significant enhancements:
- Automated bank data ingestion and business verification
- AI-assisted underwriting for consistent policies and instant exception handling
- Fully integrated servicing to reduce errors and handoffs
- Nearly fully integrated collection platform for better monitoring
Impact on Partners and Borrowers
This AI-driven workflow helps ISOs and direct channels grow faster. It also enhances the borrower experience with speed, clarity, and reliability.
Clara Capital is a financial services firm specializing in flexible financing solutions. They work with ISOs and direct clients to deliver fast decisions and a client-focused experience, all powered by advanced technology and automation.
