Kaaj, an AI-powered credit intelligence platform, has raised $3.8 million in a seed funding round led by Kindred Ventures.
The funding round also included participation from Better Tomorrow Ventures and other investors.
Kaaj plans to use the new capital to enhance its platform, add more features, and grow its customer base of lenders and brokers serving small and medium-sized businesses.
“Time kills deals in small-business lending,” said CEO and cofounder Shah. “When multiple lenders compete for the same quality borrowers, speed determines winners. Faster, more consistent decisions with clear data help brokers reduce administration time and focus on delivering bespoke advice and guidance for small businesses,” he said.
“Small-business lending has long struggled with a fundamental economics problem—the cost to underwrite smaller loans hasn’t matched the returns, leaving millions of businesses underserved. Kaaj is solving this,” said Kanyi Maqubela, Managing Partner, Kindred Ventures.
Founded in 2024 by the husband-and-wife team Utsav Shah and Shivi Sharma, Kaaj created a platform that automates underwriting processes for lenders providing small business loans.
The platform’s technology can quickly extract, verify, and organise borrower documents and financial information in minutes, replacing processes that used to take days.
The company reports that its platform has already handled more than $5 billion in loan applications. It also integrates seamlessly with existing loan origination systems and CRM tools.
Lending small loans is usually expensive and not very profitable for lenders. Kaaj plans to solve this problem by automating the whole underwriting process.
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