Stratyfy Raises $10 Million to Advance AI-Driven Lending Solutions

NEW YORK, March 29, 2023 /PRNewswire/ -- Stratyfy, an award winning innovator of machine learning solutions that mitigate risk, remove bias and enable inclusive lending for financial institutions, announces funding totaling $10 million from prominent investors. The round is co-led by Truist Ventures and Zeal Capital Partners and includes prominent investors such as Mendon Venture Partners, The 98, FIS, and serial entrepreneur Barry J. Glick.

"Stratyfy is growing fast as financial institutions recognize the urgent need to improve transparency and reduce bias in their decision processes. With increased adoption of AI and machine learning, transparency and controls around these solutions are essential so that the biases of our past do not encode into our future," said Laura Kornhauser, Co-founder and CEO of Stratyfy. "Our investors share our vision and understand the complex needs of our customers. We are uniquely positioned to address these needs with our proven technology and talented team."

Stratyfy will use the capital to fuel innovation that uniquely addresses the challenges financial institutions face when adopting AI-driven decision-making. Its credit risk, fraud detection, and bias mitigation tools allow financial institutions to consider a broader view of factors that better inform credit decisions without increasing risks.

This marks a second investment from Zeal Capital Partners, following its investment in October 2021.

"We are amazed by the team's customer-centric approach and best-in-class products. Stratyfy is quickly becoming a market leader," said Andy Will, Principal Investor with Zeal Capital Partners. "It's a blessing to work with brilliant people solving impactful problems at scale, and that is what we have found in Stratyfy. We couldn't be more excited to deepen our partnership by co-leading this financing round with Truist Ventures. The sky's the limit for this talented team."

"Our investment in Stratyfy is an opportunity to learn about innovative technologies, commercialize impactful solutions and positively support our communities," said Tarun Mehta, Head of Corporate Development and Truist Ventures. "Our platform of senior executives and technical experts look forward to being a part of the development and growth of this mission-driven, disruptive company."

To learn more about these investors' decisions to back Stratyfy, please visit:

• Truist Ventures
• Zeal Capital Partners
• Mendon Venture Partners
• The 98

To learn more about Stratyfy, visit www.stratyfy.com.

ABOUT STRATYFY
Stratyfy works with financial institutions to implement AI and machine learning solutions addressing many critical operations, including automating credit risk assessment, fraud detection, bias mitigation and other complex tasks without new operational or regulatory risks. Stratyfy's transparent and interpretable solutions help institutions serve more customers by seamlessly combining automated data evaluation with the wisdom of real people to make better, faster decisions without bias or unnecessary risk.

Follow Stratyfy on Twitter and LinkedIn. For more information, visit http://www.stratyfy.com.

Media Contact: 
Kathy Berardi
678-644-4122 
[email protected]

SOURCE Stratyfy