Ocrolus

Ocrolus is an AI-powered document intelligence platform that automates financial document analysis for lenders, banks, and fintechs, enabling faster and more accurate credit decisions at scale. Founded in 2014 in New York and backed by $142M in funding including an $80M Series C at a $500M+ valuation from Oak HC/FT, Fin Capital, and Bullpen Capital, Ocrolus serves 400+ customers including PayPal, Brex, SoFi, Plaid, Enova, and CrossCountry Mortgage.

The platform ingests and analyses virtually any financial document type — bank statements, pay stubs, tax returns, W-2s, 1099s, mortgage documents, rental agreements, and business financial statements — extracting structured data with 99%+ accuracy through a combination of proprietary AI models and a human-in-the-loop quality assurance layer. Core capabilities include bank statement analysis (cash flow analytics, income verification, fraud detection), income analysis (employment verification, gig economy income modelling), and mortgage document processing (underwriting automation, 1003 form extraction).

Ocrolus significantly accelerates lending workflows: customers report 80–95% reduction in document processing time, 99%+ data accuracy vs 85–90% for manual review, and loan processing capacity increases of 3–5x without additional headcount. The platform also includes Ocrolus Detect, an AI-powered document fraud detection module that identifies doctored bank statements, fabricated pay stubs, and synthetic identity fraud in financial documents.

As alternative lending, embedded finance, and instant credit decisioning grow, Ocrolus provides the document intelligence infrastructure that enables lenders to automate high-volume financial workflows at the speed digital consumers expect.