Live Oak Ventures, the investment arm of Live Oak Bancshares (LOB), announced an investment in Cascading AI, 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. Casca will use this funding to scale its operations, expand its team, and accelerate go-to-market efforts.
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