About
Ocrolus provides AI document processing for lenders, extracting data from bank statements, pay stubs, and tax forms with 99%+ accuracy. Serves 500+ customers including PayPal, Brex, SoFi, and CrossCountry Mortgage. Raised $142M total ($80M Series C at $500M+ valuation, 2021). Processes lending documents for small business, consumer, and mortgage verticals. Customer Lendr cut processing time from hours to 12 minutes with $560K+ annual savings. Launched mortgage solution Inspect in 2024.
Key Facts
- [1]Founded: Founded in 2014 in New York, United States.
- [2]Funding: Total funding: $142M. Last round: Feb 2023. Stage: Growth.
- [3]Valuation: Valued at $500M.
- [4]Customers: Key customers include PayPal, Brex, SoFi, CrossCountry Mortgage, LendSaaS.
- [5]Employees: Employee count: 51-200.
- [6]Website: Official website: ocrolus.com.
- [7]AI Technology: Core AI/ML technologies: Computer Vision.
- [8]Region: Region: Americas (United States).
Founders
Sam Bobley
Co-founder & CEO
Victoria Meakin
Co-founder & President
Peter Bobley
Co-founder
John Guerci
Co-founder
Key Customers & Partners
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Ocrolus?
Ocrolus provides AI document processing for lenders, extracting data from bank statements, pay stubs, and tax forms with 99%+ accuracy. Serves 500+ customers including PayPal, Brex, SoFi, and CrossCountry Mortgage. Raised $142M total ($80M Series C at $500M+ valuation, 2021). Processes lending documents for small business, consumer, and mortgage verticals. Customer Lendr cut processing time from hours to 12 minutes with $560K+ annual savings. Launched mortgage solution Inspect in 2024. Ocrolus is classified in the Lending & Credit segment at the Data layer of the financial AI stack.
Who founded Ocrolus?
Ocrolus was founded by Sam Bobley (Co-founder & CEO), Victoria Meakin (Co-founder & President), Peter Bobley (Co-founder), and John Guerci (Co-founder) in 2014 in New York, United States. The company has been operating for 12 years.
How much funding has Ocrolus raised?
Ocrolus has raised $142M in total funding, placing the company at the Growth stage. The most recent round closed in Feb 2023. The company is valued at approximately $500M. Among 81 funded Lending & Credit companies, Ocrolus ranks #41 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Ocrolus use?
Ocrolus primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Lending & Credit segment, 12 companies use this technology.
What market segment does Ocrolus operate in?
Ocrolus operates in the Lending & Credit and Insurance and Risk & Compliance market segments. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets. The company also has a footprint in insurance and risk & compliance, reflecting its cross-functional approach to financial AI.
Where is Ocrolus headquartered?
Ocrolus is headquartered in New York, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Ocrolus's competitors?
Companies similar to Ocrolus in the Lending & Credit space include Upstart ($160M raised), Zest AI ($357M raised), Pagaya ($75M raised), Scienaptic AI ($17M raised), Underwrite.ai. These companies operate in related areas of financial AI: Upstart focuses on ai lending platform using alternative data for credit decisions. Zest AI focuses on ai-automated underwriting for credit unions and banks. Pagaya focuses on ai-driven financial network connecting banks to lending. (Based on AIFI Map classification data.)
What products does Ocrolus offer?
Ocrolus builds data-layer solutions for the financial services industry. The company's core offering: AI document automation for lending decisions. The platform is powered by Computer Vision technology. Notable users include PayPal, Brex, SoFi, CrossCountry Mortgage.