Vine Financial, a platform that streamlines lending for banks and credit unions, has secured seed funding and formed its Board of Directors. The platform uses AI to replace legacy systems and spreadsheets, offering tools that speed up document reading, credit spreading, and loan document generation. The funding will be used to expand Vine’s capabilities across various lending segments, including commercial real estate and agriculture. “This investment brings a faster, more accurate, and auditable solution to the financial institutions looking to boost revenue and streamline lending operations,” said Senior Banking Executive and Investor Zahid Afzal.
The newly formed Board includes Vine Founders David Eads and John O’Shaughnessy, as well as Charles Potts, Executive Vice President of Innovation at ICBA. Key investors Zahid Afzal and Neeraj Vohra will also join as Board Members, with former Chief National Bank Examiner Blake Paulson and Fintech Entrepreneur George Kelley serving as Board Observers. “Having these industry leaders in our corner gives us an extraordinary advantage as we revolutionize a critical but historically underserved segment of financial services,” said Eads.
