Case Study: Lendr achieves faster access to capital and cuts bank-statement processing from hours to 12 minutes with Ocrolus' AI-driven document automation

Lendr provides faster access to capital for small businesses with Ocrolus’ AI-driven document automation

Lendr, a Chicago-based provider of working capital to small businesses, faced slow funding and labor-intensive underwriting because team members spent hours manually verifying bank statements. To accelerate access to capital and reduce manual review, Lendr partnered with Ocrolus and implemented Ocrolus’ AI-driven document automation.

Ocrolus integrated via API to automate bank-statement ingestion, transaction tagging, and Lendr’s qualification and decision engines, giving underwriters structured financial data before review. The Ocrolus solution cut statement processing from multi-hour to about 12 minutes, is projected to save Lendr more than 70,000 hours and $560,000 annually (with potential additional savings using Ocrolus Detect), and enabled faster funding and higher conversion rates.

Lendr

Nick Mates

VP of Operations & Technology