Voyager AI, a startup focused on commercial lending software and founded by a former Associated Banc-Corp executive, raised $500,000 in a preseed round.
The round was led by Mastercraft Ventures.
Voyager AI’s software automates the lending process, helping with regulatory reviews, feasibility analysis, and internal documentation.
The company is led by Aaron Colcord, a former data and analytics executive at FIS, Northwestern Mutual, Thrivent, and Associated.
“Financial institutions are the lifeline of their communities, but slow, manual systems often hold them back,” Colcord said in the release. “We built Voyager to provide these teams with a platform to move faster, reduce risk, and focus on their mission to serve their community’s commercial lending needs.”