New York-based fintech firm Capnow has introduced an AI-driven tool designed to accelerate the loan application process for scaling businesses. The technology automates initial loan evaluations, significantly reducing approval time from 24 hours to just minutes, according to CEO Albert Dichy.
The launch coincides with Capnow’s global expansion, with new offices opened in Tel Aviv and Panama this year. Since its February 2024 debut, Capnow has issued over $75 million in financing to 700 clients. The company offers a range of funding options, including unsecured and collateral-backed loans.
Dichy said the AI tool will “further strengthen our ability to deliver fast, tailored financing to businesses worldwide.” Capnow now operates with over 100 staff across global markets.
Featured image: Credit: Capnow
