Uptiq, which builds AI agents that automate lending and wealth workflows inside banks and credit unions, raised $25 million in Series B funding, CEO Snehal Fulzele tells Axios exclusively.

Why it matters: Many financial institutions still rely on slower, manual document review and spreadsheets for underwriting and onboarding.

Zoom in: Curql led the round, with participation from Silverton Partners, 645 Ventures, Broadridge, Green Visor Capital, Live Oak Ventures, First Capital, Epic Ventures, Tau Ventures, and Evolution VC.

• Curql's LP base is made up of credit unions, which "gives us an amazing distribution opportunity," Fulzele says.

How it works: Dallas-based Uptiq connects to a bank's core systems and document repositories and automates document-heavy workflows with AI agents.

• Agents support workflows including application intake, client onboarding, compliance documentation, commercial underwriting, covenant monitoring, and loan servicing.
• It maintains "humans in the loop," with outputs routed to underwriters, bankers, or compliance teams for review and approval before outputs are used in a workflow. It can also write outputs back to systems of record to maintain audit trails.
• "Think of it as like an AI orchestration layer that sits on top of legacy bank software," Fulzele says.

State of play: Uptiq sells to banks and credit unions, RIAs and wealth platforms, and fintechs seeking to build agents on its infrastructure.

• Banks and credit unions use Uptiq agents for commercial underwriting, covenant monitoring and loan servicing workflows.
• RIAs and wealth firms use the platform for client onboarding, compliance documentation and portfolio analysis support.

• Fintech builders use Uptiq's infrastructure to build custom agents and workflows.

Behind the scenes: Uptiq customers can start with self-serve standalone agents before moving into deeper integrations, but full production deployments typically take about three to four months to implement after contract signing, Fulzele says.

• Enterprise pricing includes a base platform fee plus usage-based charges.

By the numbers: Uptiq says more than 140 financial institutions are live on its platform, including Focus Financial Partners, Orion, Broadridge, Nano Banc, and TransPecos Bank.

• It claims customers are seeing 41% faster underwriting, 29% lower operations costs and up to 2x loan volume without adding headcount.
• Fulzele says the company has processed more than $1 billion in loan balances over the past 18 months.