About EnFi
EnFi provides cutting-edge technology solutions to streamline complex credit analysis and risk monitoring for lenders. Our pioneering AI platform provides advanced analytics and real-time monitoring capabilities to drive more precise, profitable lending decisions.
Our pioneering approach respects the complexities and requirements of financial services, with the necessary guardrails, acceptance criteria, and explainability to apply AI responsibly to complex workflows.
Leading banks and private credit lenders who rely on EnFi as their trusted technology partner for superior credit risk management. Our solutions combine industry expertise with innovative AI to drive better lending economics and portfolio performance.
We closed our first seed round to the tune of $7.5 million thanks to backing from Unusual Ventures, Boston Seed Capital, Argon Ventures, and Impellent Ventures.
EnFi's Culture
"In the midst of chaos, there is also opportunity." - Sun Tzu
Amidst a bank run that sent shockwaves through the financial system, Joshua and Scott found themselves scrambling to support their network of startups. Juggling the urgent needs of their entrepreneurial community with the broader economic uncertainties, they witnessed firsthand the fragility of the financial ecosystem. It was in this tumultuous environment that they began to ponder the potential for AI to revolutionize the assessment and monitoring of complex credit analysis for lending.
As the crisis unfolded, plunging both Silicon Valley Bank (SVB) and First Republic Bank (FRB) to the brink of collapse and threatening to push the United States into a serious financial downturn, Joshua and Scott recognized the pressing need for innovative solutions. The root causeāa surge in interest ratesāserved as a catalyst for their exploration of AI-driven approaches to address the challenges faced by lenders.
Engaging in extensive discussions with institutional and private lenders, they gained valuable insights into the struggles encountered in originating, underwriting, and monitoring loans. These conversations fueled their determination to develop a solution that could alleviate the industry's systemic challenges.
Driven by a shared vision and propelled by the urgency of the moment, Joshua and Scott embarked on a mission to create EnFiā¢āan AI-powered platform designed to streamline and enhance the entire lending process. Born out of necessity and forged in the crucible of crisis, EnFi aimed to empower lenders to navigate the complexities of the modern financial landscape with confidence and clarity.
Their journey from witnessing the chaos of a bank run to envisioning a transformative solution underscored the resilience and innovation inherent in their entrepreneurial spirit. In the face of adversity, Joshua and Scott's determination would ultimately pave the way for a new era of lending, guided by the transformative potential of artificial intelligence.
