Clara Capital: Speeding Up Small Business Funding with AI

Clara Capital has hit a big milestone. They've lent over $350 million to small and medium-sized businesses. This company uses AI to make things faster and easier for both businesses and their partners. The CEO, Ryan Adwar, says their AI-first approach cuts down the time it takes to get a funding offer. It used to take days, now it takes hours. This speed doesn't compromise on careful lending practices, which is a big win for their partners. Matt Byron, the CFO, highlights that automation isn't just about speed. It's also about consistency, transparency, and better financial outcomes. Their entire process, from application to servicing, is now more controlled and data-driven. This gives them the confidence to grow responsibly. Clara Capital is processing around 2, 500 applications every month. They've also surpassed 10, 000 AI-processed applications on their platform. Their network of ISO partners has grown by 38% since May. Their tech platform has seen some big upgrades. They've automated bank data ingestion and business verification. Underwriting is now AI-assisted, ensuring consistent policies and instant exception handling. Servicing is fully integrated, reducing errors and handoffs. Even their collection platform is nearly fully integrated for better monitoring. This AI-driven workflow helps ISOs and direct channels grow faster. It also improves the borrower experience with speed, clarity, and reliability. Clara Capital is a financial services firm that specializes in flexible financing solutions. They work with ISOs and direct clients to deliver fast decisions and a client-focused experience, all powered by advanced technology and automation.