French Fintech Kéria has raised €1.5 million, including €0.5 million in debt, in a Seed Funding round.
Led by Epopée Gestion (Xplore), other investors include Newfund, Fabien Breget, Bpifrance, and Caisse d’Epargne CEPAC.
Kéria is building an AI-powered solution to automatically analyse mortgage applications and determine creditworthiness, replacing the current cumbersome, antiquated process. The company uses artificial intelligence (AI) and Optical Character Recognition (OCR) to automatically analyze documents, pre-qualify applications, and provide a decision.
Kéria is said to be currently processing around 600 applications per month and plans to scale up using he funds.
Bordeaux-based Kéria was founded in 2020 by CEO Emilie de Marne.