Casca Raises $29 Million Sequence A for AI Mortgage Origination

• Casca has raised a $29 million Sequence A spherical led by Canapi Ventures, with participation from main financial institution clients together with Stay Oak, Huntington, and Bankwell.
• Right this moment’s funding comes simply 15 months after its pre-seed spherical and brings Casca’s whole funding to $33 million.
• Casca’s AI-powered mortgage origination platform helps smaller monetary establishments compete with fintechs and enormous banks by accelerating mortgage processing, decreasing prices, and maintaining capital inside native communities.

AI mortgage origination firm Casca (previously often called Cascading AI) introduced a $29 million fundraising spherical immediately. The California-based firm stated that the spherical, which was led by Canapi Ventures, will assist it to redefine enterprise lending.

The corporate’s flagship clients, together with Stay Oak Financial institution, Huntington Nationwide Financial institution, and Bankwell Financial institution all invested in immediately’s spherical. Bankwell, Y Combinator, and Peterson Ventures multiplied their investments from the pre-seed increase. Alliance Funding Group participated as properly.

“Casca simplifies and accelerates our lending processes whereas equipping us with the insights wanted to construct lasting relationships,” stated Stay Oak Bancshares CEO and chairman Chip Mahan. “The tangible worth Casca has demonstrated provides us confidence to put money into their future.”

Right this moment’s spherical comes simply 15 months after Casca’s pre-seed increase and brings its whole funding to $33 million. Casca stated it should use the funding to scale its operations, increase its crew, and speed up go-to-market efforts and make its platform extra accessible to monetary establishments.

“Casca stands out in some ways,” stated Canapi Ventures Co-Founder and Normal Companion Neil Underwood. “They’ve labored alongside high AI researchers and inside banks themselves to simplify enterprise lending utilizing accountable AI and bank-grade underwriting. With Casca, native monetary establishments change into the lender of alternative—providing extra inexpensive charges and maintaining capital throughout the group. It’s a giant step for banking, and we’re proud to be a part of it.”

Casca leverages AI to hurry up the mortgage utility and origination course of. The corporate was based in 2023 and its mortgage origination platform is utilized by main SBA lenders and FDIC-Insured banks. At Casca’s first FinovateSpring demo in 2024, it gained Better of Present honors. The corporate most not too long ago demoed its know-how at FinovateSpring 2025 the place it confirmed automated doc assortment that may save mortgage officers 20 hours every week, AI that reads 10,000 pages in 5 minutes, immediate pre-qualification that accepts functions after enterprise hours, digital account opening, and a voice assistant that may intelligently focus on mortgage recordsdata in real-time.

“We’re pushed to be a drive for good, utilizing know-how to make capital extra accessible to small companies and fueling the American Dream,” stated Casca CEO and CoFounder Lukas Haffer. “Partnering with the highest SBA lenders and key business gamers, we’ve constructed a platform that absolutely automates business loans in file time, setting a brand new business normal. It is a recreation changer, and now we’re able to scale responsibly, reaching extra establishments with the white-glove service our purchasers.”

Right this moment’s increase is a nod to how AI is turning into normal and is now central to how banks win small enterprise relationships. By shaving weeks off mortgage processing, Casca provides native banks a aggressive edge in retaining small enterprise debtors who may in any other case flip to fintechs or huge banks who can supply velocity.

Photograph by James Wheeler

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