Live Oak Ventures Participates in Financing of Cascading AI, Inc.
Live Oak Bancshares (NYSE:LOB) has announced that its investment arm, Live Oak Ventures, has made a strategic investment in Cascading AI (Casca), a loan application and origination platform powered by responsible AI technology.
Live Oak Bank is collaborating with Casca as a design partner to automate its Live Oak® Express loan process, with plans to implement Casca's technology across its franchise. The investment will enable Casca to scale operations, expand its team, and accelerate market penetration. The platform aims to fully automate loans and streamline lending processes while providing valuable insights for relationship building.
Live Oak Bancshares (NYSE:LOB) ha annunciato che la sua divisione di investimento, Live Oak Ventures, ha effettuato un investimento strategico in Cascading AI (Casca), una piattaforma per la richiesta e l'origination di prestiti alimentata da tecnologie di AI responsabile.
Live Oak Bank collabora con Casca come partner di progettazione per automatizzare il processo di prestito Live Oak® Express, con l'intenzione di implementare la tecnologia Casca in tutta la rete. L'investimento permetterà a Casca di scalare le operazioni, ampliare il team e accelerare la penetrazione sul mercato. La piattaforma mira ad automatizzare completamente i prestiti e semplificare i processi di erogazione, offrendo al contempo preziose informazioni per rafforzare le relazioni con i clienti.
Live Oak Bancshares (NYSE:LOB) ha anunciado que su brazo de inversión, Live Oak Ventures, realizó una inversión estratégica en Cascading AI (Casca), una plataforma de solicitud y originación de préstamos impulsada por tecnología de IA responsable.
Live Oak Bank colabora con Casca como socio de diseño para automatizar su proceso de préstamos Live Oak® Express, con planes de implementar la tecnología de Casca en toda su franquicia. La inversión permitirá a Casca escalar sus operaciones, ampliar su equipo y acelerar su penetración en el mercado. La plataforma tiene como objetivo automatizar por completo los préstamos y optimizar los procesos de otorgamiento, proporcionando además información valiosa para fortalecer las relaciones.
Live Oak Bancshares (NYSE:LOB)는 투자 부문인 Live Oak Ventures가 책임 있는 AI 기술로 구동되는 대출 신청 및 창구 플랫폼인 Cascading AI (Casca)에 전략적 투자를 했다고 발표했습니다.
Live Oak Bank는 Casca와 설계 파트너로 협력해 Live Oak® Express 대출 프로세스를 자동화할 예정이며, Casca의 기술을 전 프랜차이즈에 도입하려고 합니다. 이번 투자는 Casca가 운영을 확장하고 팀을 확충하며 시장 진입을 가속화하는 데 도움이 될 것입니다. 이 플랫폼은 대출을 완전 자동화하고 대출 절차를 간소화하는 동시에 관계 구축에 유용한 통찰을 제공하는 것을 목표로 합니다.
Live Oak Bancshares (NYSE:LOB) a annoncé que sa branche d'investissement, Live Oak Ventures, a réalisé un investissement stratégique dans Cascading AI (Casca), une plateforme de demande et d'octroi de prêts alimentée par une technologie d'IA responsable.
Live Oak Bank collabore avec Casca en tant que partenaire de conception pour automatiser son processus de prêt Live Oak® Express, et prévoit de déployer la technologie Casca dans l'ensemble de son réseau. Cet investissement permettra à Casca d'élargir ses opérations, d'augmenter ses effectifs et d'accélérer sa pénétration du marché. La plateforme vise à automatiser complètement les prêts et à rationaliser les processus d'octroi tout en fournissant des informations précieuses pour renforcer les relations.
Live Oak Bancshares (NYSE:LOB) hat bekannt gegeben, dass seine Investmenttochter Live Oak Ventures eine strategische Beteiligung an Cascading AI (Casca) vorgenommen hat, einer Plattform für Kreditanträge und -ursprung, die von verantwortungsvoller KI-Technologie unterstützt wird.
Die Live Oak Bank arbeitet mit Casca als Designpartner zusammen, um ihren Live Oak® Express-Kreditprozess zu automatisieren, mit dem Ziel, Cascas Technologie im gesamten Franchise einzuführen. Die Investition ermöglicht es Casca, den Betrieb zu skalieren, das Team zu erweitern und die Marktdurchdringung zu beschleunigen. Die Plattform zielt darauf ab, Kredite vollständig zu automatisieren und Kreditvergabeverfahren zu straffen, während sie zugleich wertvolle Erkenntnisse für den Beziehungsaufbau liefert.
- Strategic investment in AI-powered loan automation technology
- Partnership to enhance and automate Live Oak Express loan process
- Potential for improved operational efficiency and customer experience
- Investment amount and terms not disclosed
- Implementation timeline and specific ROI metrics not provided
WILMINGTON, N.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Cascading AI, Inc. (Casca), a loan application and origination platform using responsible artificial intelligence.
Live Oak Bank is working as a design partner with Casca to automate its Live Oak® Express loan process and plans to expand Casca across the franchise to accelerate workflows and ultimately provide an exceptional banking experience to customers.
“Businesses trust Live Oak Bank to provide a personalized, modern approach to lending, which is key to maintaining our leadership in the market. Casca simplifies and accelerates our lending processes while equipping us with the insights needed to build lasting relationships,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “The tangible value Casca has demonstrated gives us confidence to invest in their future.”
Casca will use this funding to scale its operations, expand its team, and accelerate go-to-market efforts.
“We’re driven to be a force for good, using technology to make capital more accessible to small businesses and fueling the American Dream,” said Lukas Haffer, CEO and co-founder of Casca. “Partnering with the top SBA lenders and key industry players, we’ve built a platform that fully automates loans in record time–setting a new industry standard.”
About Live Oak Ventures
Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.
About Casca
Casca accelerates the loan application and origination process using responsible AI. It is used by the nation’s leading SBA lenders and FDIC-insured banks. Founded in 2023 by banking IT experts and AI researchers from Stanford University, Casca is backed by Y Combinator, Canapi Ventures, and Peterson Ventures. For more information, visit www.cascading.ai.
Contact:
Claire Parker
Live Oak Bank, Corporate Communications
910.597.1592
claire.parker@liveoak.bank
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