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AI agents for commercial underwriting at banks and fintechs
Accend helps commercial banks and fintechs underwrite business customers faster, win more deals and increase revenue. We provide an end-to-end platform to automate document intake, financial statement / tax spreading, cash flow modeling, credit memos and portfolio management, with audit-ready AI and human-in-the-loop accuracy. Companies like Corpay, Brex, Rippling, Rho, Column, Settle, and many others have reduced application processing time by 80% with Accend, significantly enhancing their credit underwriting efficiency Before starting Accend, the founders led Product & Engineering on the Risk team at Brex as well as at Deutsche Bank and Credit Suisse so they have firsthand experienced issues with operational efficiency in credit/underwriting teams. Accend has raised a $3.2M seed round from Y Combinator, Adverb Ventures, General Catalyst and 645 Ventures.
Accend provides AI-powered underwriting infrastructure for commercial banking and fintechs, automating financial statement spreading, ratio analysis, and credit memos with human-in-the-loop validation to speed up underwriting. It positions as an AI credit analysis solution that integrates via API to accelerate end-to-end underwriting workflows.
Accend offers an AI-powered underwriting platform that ingests financial statements, automatically extracts and standardizes data, calculates key ratios, and generates standardized credit memos. The product includes a human-in-the-loop for validation, an Underwriting Co-Pilot for real-time insights, and seamless API integration to connect with existing systems. It supports automated web search for data enrichment and provides dashboards, JSON/CSV/Excel delivery, and onshore time-zone support to accelerate financial reviews and onboarding processes.
Who it’s for: Banks, fintechs, and other financial institutions performing commercial underwriting and onboarding
Customers: Slope, Evergrow, Percent, Pleo, TransFi, Decentro
Customer testimonials and references, API integration readiness, and active marketing of a launch and onboarding offerings; mentions of onboarding, demo, and risk-focused features indicate product-market traction and ongoing customer engagement.
Currently, Cofounder of Accend. Previously, I led Product for AI initiatives, particularly in Risk at Brex. Before that, I dropped out of my PhD in AI/ML at Purdue University to help set up Cisco Innovation Labs where I grew the team from 1 to 35 in 4 years.
AmazonYutong Pei was most recently the Engineering Manager on the Fraud Risk team at Brex where he built the Disputes service, worked on fraud controls by managing engineers and data scientists. Previously, he has led Fraud Engineering and Security for IoTeX, Uber and Amazon.
I'm one of the Co-Founders of Accend. Previously, I served as the CFO of a mobile gaming startup with a 50M ARR. I established the company’s operation in Europe and scaled the team from 0 to 80 members.
Improve Ops Efficiency & Quality + Excel in Compliance with Accend
Accend offers a guidance-driven platform for Ops & Compliance in fintechs to accelerate KYB manual reviews, streamline online research, and auto-generate regulatory due diligence reports (CDD/EDD) with audit logs. It targets B2B fintechs and BaaS providers, announcing a 60-day free pilot for new customers through August.
From the original launch (Aug 2023) — may be outdated.
Ascend is an AI-driven finance automation platform that helps insurance professionals streamline operations and boost profitability with smart automation, deep financial insights, and effective treasury management.
Make Banking Magical
