Lama AI raises $10M to accelerate automated loan originations

Lama AI, a startup leveraging AI for automated loan processing, has secured $10 million in a Series A funding round led by EJF Ventures. This brings their total funding to over $20 million and follows a year where the company tripled its revenue. The fresh capital will help Lama AI expand its technology and accelerate the adoption of automated loan originations, which could streamline financial services and reduce costs for lenders and borrowers alike. This move highlights the growing investment in AI-driven financial solutions.