Ocrolus Secures $4 Million in Series A Funding

At the LendIt Fintech USA Conference, Ocrolus, an emerging leader in analyzing financial documents, announced a $4 million Series A investment led by Bullpen Capital, with participation from QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures.

According to the company, its PerfectAudit AI software service reads bank statements from all financial institutions, regardless of document quality, with over 99 percent accuracy. Senior Planning Services, a private-sector Medicaid application processor, currently uses the company’s Medicaid-Genius software to automate financial lookbacks for patients at nursing homes around the country. Ocrolus will be implementing Medicaid-Genius with government agencies later this year.