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.
Joshua Summers, Co-Founder & CEO, shares the details on EnFi and their culture.
In this Video
We discuss:
- Details on EnFi
- EnFi’s Recent Funding & What’s Next
- EnFi’s Culture
Video Transcript
Details on EnFi
We think of the world as a little bit different. We say, okay, if you’re trying to be a system of action, if you’re trying to do the job, you need to be able to touch all these systems. You need to be able to touch all the data and you need to be able to reason through all of it. You need to extract that information, think through what that information is telling you, run the analysis, and then generate outputs.
That’s what a human does, right? A human’s going to go into the systems or go into the raw documents. They’re going to collect a lot of information. They’re going to build a model. They’re going to fill out Excel, whatever, and then they’re going to output a conclusion and write up their thoughts. And so that’s what our agents do end to end.
But we don’t build agents. We built a system that builds agents because we need it to scale and we need it to personalize to the environment they’re in—meaning the type of credit they’re issuing, the type of processes that that lender has, the regulatory requirements, it needs to fit into the environment. Just like when you hire a human, you need to train them into your environment. We need to be able to produce agents that can learn exactly the way you’re doing things in your lending institution. And so that’s what we built. We built a system that spawns agents that can learn and adapt to the institution they’re in.
EnFi’s Recent Funding & What’s Next
We had a really interesting 2025 where we started the year off pretty much having fallen flat on our face in trying to achieve a level of accuracy and outcomes from our agents that was good enough for these lending environments. And so we picked ourselves up and we really kind of doubled down on how things were working and we started to see it really start to work, and then all of a sudden it started to work really well.
We got to a point that started to feel like product market fit around September of last year. That led us to decide to have a handful of conversations. We thought a lot about what the round should look like; you can’t always design your optimal round, but I would say this came through about as optimally as one could hope. We wanted partners in the round—and we think of our investors as partners and even employees of our company. They are just as beholden to us to achieve an outcome as we are beholden to them.
We wanted a group that was deep in lending, that had a network of lenders that they could bring to the table. And so if you look across them, Fintop, Patriot Financial, and Commerce Ventures collectively represent about 150 banks as LPs in their funds or investments that they’ve made into those banks themselves. That’s not to say all 150 are going to sign up with us tomorrow, but that’s how we really orchestrated a top-of-the-funnel strategy through our investor network.
It came together very well and we closed a $15 million round. We closed it December 29th and announced it a couple months later. We’re very excited about it, and we’re using the capital to do some team scaling. But we’re AI-first, so we’re still a small team. We’re 19 people at this point, and we’re going to scale maybe to 25 or a couple more this year. It’s all about the right people in the right roles with the right AI-first mentality, and then building our customer base as quickly as we can.
EnFi’s Culture
I would love to say we could take the exact culture that I had at our last company or that Scott could take the culture that he had at Session M and we could just put it in here because they were great cultures. But cultures are organic. They’re an organism that lives and breathes and evolves based on the people that are part of it. Sure, we have a handful of employees here who worked with us previously, but we also have new people who have joined. We’re in a different industry with a different culture in the industry, and we’re in a different space. All of that leads to the fact that you can’t just automatically copy a culture. If you could, we’d be designing the ideal culture and implementing it every single time.
So, we do very similar types of positive things. We try and feed the employees and the ecosystem that we’re building here with positive things like the right benefits, the right work environment, the right activities, and the right events. Some of the things we did pull through, like we used to use “Beer and Demos” which was a thing at our last company. It was a lot of fun and it’s a chance to show off what you’ve done for the week. Now we call it “Bagels and Brags.” We’re all getting older, we drink a little less, and it’s great. It gives us a chance to all share what the prior week told us.
But again, we’re living in a new world. AI has changed everything and it’s changing cultures as well. And so yeah, we’re trying to find the best possible path. We’re having fun, but we’re working our butts off. It’s a high-stress time to be building, and so we’re doing our best to try and learn from that and figure out what the right way is to get to the ideal culture here as well. We’re doing well, but we’ve still got some ways to improve.