Ocrolus, the leader in cash-flow analytics and information verification, today announced a partnership with BlueVine, a top provider of capital financing to midsize and small business lenders. BlueVine leverages Ocrolus technologies to accelerate expansion and scale creating a faster and simpler experience for the customers.
Ocrolus is a scalable fintech infrastructure platform that analyzes records with accuracy and speed. Using validation that is crowdsourced and artificial intelligence, Ocrolus transforms cell phone images and e-statements, scans, into 99 + percent accurate information, regardless of quality. Results are created in minutes.
BlueVine has provided more than $1 billion in working capital financing to small and medium-sized businesses since its inception. The fintech pioneer uses machine learning solutions and AI to analyze tens of thousands of data points, providing accurate funding choices for clients in as little as 10 minutes.
After substantial growth and $72 million in Series E funding, BlueVine partnered with Ocrolus to scale up its own underwriting performance. Working with BlueVine hazard automation solutions, Ocrolus helps digitize applicant bank statements which are also analyzed more frictionless customer experience, resulting in even quicker loan decisioning times plus by BlueVine's risk models.
"BlueVine has been growing rapidly since we started five years back and we're eager to partner with Ocrolus, that has helped improve efficiencies in our operations and scale our business," BlueVine CEO Eyal Lifshitz explained. "Ocrolus has allowed us to improve the customer experience and supply small business owners faster and more convenient access to financing."
"We're thrilled to partner with BlueVine and anticipate helping them scale as their impressive growth proceeds," Ocrolus COO Vikas Dua said. "As creditors across the sector have discovered, Ocrolus is a growth factor in and of itself we supply a solution that permits creditors to take their expansion to another level."
Ocrolus is a scalable infrastructure system which automates the analysis of electronic documents and financial information. Ocrolus empowers companies to reinvest their capital and automate procedures with industry-leading speed and accuracy by eliminating manual inspection.
Ocrolus services hundreds of people in the financial industry and analyzes millions of transactions every day. The company has raised $10 million so far and can be endorsed by Bullpen Capital and QED Investors, among others.
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