Managing Partner and Co-Founder at 645 Ventures. Focused on investing in exceptional software and software-enabled companies.
Congratulations to Pranjal Daga and the Accend team on the launch of their new product, which is a big leap forward in credit underwriting. Accend is leading the way in applying AI to enable customers to make the fastest and most accurate lending decisions. 645 Ventures is proud to partner with their awesome team.
🚨 Today marks a big milestone at Accend 🚨. We've officially launched our AI-powered Financial Statement Spreading & Analysis solution, marking our strategic expansion into the underwriting space! 🚀 Having worked closely with credit leaders, I've seen firsthand the frustration and inefficiency caused by endless manual number crunching and tedious financial reviews. This launch is deeply personal because it's the solution I wished existed when I first witnessed teams struggling with outdated underwriting processes. Credit underwriting processes are still trapped in spreadsheets, manual entry, and repetitive reviews—a billion-dollar inefficiency overdue for disruption. At Accend, we're tackling this head-on by merging advanced AI models with essential human validation, achieving 100% accuracy and reducing processing times from days to hours. Here's why this matters: ⏩ Faster credit approvals (up to 80% reduction in processing time) 💸 Significantly reduced operational costs 🤖 AI-generated credit memos produced 10x faster We're seeing incredible results—customers like Slope have accelerated their financial review process by over 4x using Accend. I’m incredibly proud of our team and excited about our expansion into underwriting. If you lead or support credit teams across the financial services industry, we'd love for you to experience this transformation firsthand. To celebrate our launch, we're offering your first financial spread and analysis completely FREE 🎉. Reach out to our team or book time directly with me—let's redefine what's possible together! Check out our detailed write-up on Launch YC here: https://lnkd.in/dR8vVkRZ PS: We're officially announcing this at Fintech Meetup in Las Vegas—if you're attending, let's grab a ☕️ and connect!
