Informed.IQ, an AI-powered loan verification and fraud prevention company, announced on Tuesday that it raised $63M from Invictus Growth Partners to expand its AI-powered loan verification platform, aiming to reduce fraud and enhance efficiency.

Informed.IQ, which serves seven of the top 10 U.S. auto lenders, said its platform has supported over $350 billion in loan originations and reduced loan closing times from days to minutes.

The funding will support Informed.IQ’s expansion in auto finance and its push into mortgage, consumer lending, tenant screening and government benefits, the company said in a press release.

“Lenders are capturing more loans with their current staff,” said details ⇒

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