Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., announced an investment in Cascading AI, Inc. (Casca) on August 19, 2025. Casca is a loan application and origination platform that utilizes responsible artificial intelligence to streamline lending processes. This strategic investment underscores Live Oak's commitment to technological innovation.
Live Oak Bank is actively working as a design partner with Casca to automate its Live Oak Express loan process, a program dedicated to small dollar SBA 7(a) loans. The bank plans to expand Casca's application across its franchise to accelerate workflows and enhance the banking experience for customers. This collaboration aims to significantly improve efficiency in loan processing.
Casca will use the funding from this investment to scale its operations, expand its team, and accelerate its go-to-market efforts. Live Oak Chairman and CEO James S. (Chip) Mahan III noted that Casca simplifies and accelerates lending processes while providing insights for building lasting customer relationships, demonstrating tangible value for the bank.
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