Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's first cloud-native and AI-powered digital era Loan Origination Platform, announced that it has successfully secured $4 million in Series A to accelerate the development of its groundbreaking loan origination software. The investment will be disbursed in two phases.

Algebrik is designed to address the challenges faced by mid-tier banks and credit unions in the US, struggling with high customer acquisition costs due to broken omnichannel journeys and manual processes.