Vancouver fintech startup Levr.ai has secured $1 million to transform the way businesses access and manage loans.
Levr.ai uses accounting and banking APIs to accelerate the process of looking for a loan, applying for a loan, and managing existing loans. The APIs automate a significant portion of the processes along with Levr.ai proprietary resources and content within the platform.
The B2B platform currently provides loan options from 15+ lender partners and has funded over $2 million in loans for its business clients.
The pre-seed funding round was co-led by Sprout.vc and MAVAN Capital Partners and included venture and investors Weave VC, AC100 VC and Red Thread Ventures.
Co-founded by Kaylan Pepin and Roman Hartmann, Levr.ai makes the process of finding, applying for, and managing business loans easy.
CEO Pepin is no stranger to the financial services industry after stints with RBC Royal Bank, Canadian Imperial Bank of Commerce (CIBC), and most recently the Business Development Bank of Canada (BDC).
“Over my career, I‘ve seen many qualified businesses struggle to get financing. Even worse than the complex loan application process is the lack of software tools available to manage active business loans. We’re building Levr.ai to solve these issues,” shared Pepin.
CTO Hartmann’s career has been heavily focused on data, AI and ML and he’s passionate about empowering Levr.ai’s customers through access to ML driven insights of their own data. Businesses can connect their accounting and banking software to Levr.ai and its AI and ML customized loan options for each business’ financial needs.
The future looks bright for Levr.ai with this pre-seed investment powering its plans for geographic growth into the United States and acquisition through digital client acquisition and partnerships.