Uptiq Raises $25M for Banking AI Agents
Uptiq has raised $25 million in a Series B round to scale its industry-specific AI solutions. The funding will be used to further embed its AI agents into banking workflows and launch a new platform for builders called Qore.
- The Series B round was led by Curql, a strategic venture fund backed by credit unions, with participation from Silverton Partners, 645 Ventures, and enterprise software company Broadridge. - Prior to this funding, Uptiq's platform was already in use by over 140 financial institutions, having processed more than $1 billion in transactions across lending and wealth workflows. - Clients using Uptiq's AI agents have reported quantitative results, including up to 41% faster underwriting decisions and 29% lower operational costs. - The company's founder and CEO, Snehal Fulzele, is a fintech entrepreneur with more than a decade of experience building technology platforms specifically for regulated banking and financial environments. - The Qore platform is an AI orchestration system that handles document processing, financial reasoning, and core system integrations, enabling developers to build applications with natural language prompts. A significant portion of the platform's research and development is conducted at Uptiq Labs in Pune, India. - This funding reflects a broader investment trend favoring vertical AI solutions, a thesis also held by firms like Sequoia Capital, which argues that industry-specific applications will capture the most value in the AI market. - The application of Uptiq's AI agents in commercial lending and underwriting is analogous to their use in the mortgage industry, where AI agents are increasingly automating document extraction, risk assessment, and compliance checks.
