Saris AI, a Montréal and San Francisco-based fintech startup developing AI agents for financial institutions, has raised $28.8 million in Series A funding.
The round was led by 8VC, the investment firm founded by Joe Lonsdale, with participation from Audacious Ventures, Homebrew, Btech Consortium, and Service Ventures.
The new funding will support the expansion of Saris’ AI platform as the company looks to bring automation to more banks, credit unions, and financial service providers.
Building AI Agents For Banking Back Offices
Founded by former Oohlala Mobile founders Danial Jameel, Alice Dinu, and James Dang, Saris AI is focused on one of the most operationally intensive areas of banking: back-office workflows.
The company develops AI agents that automate administrative and support functions across lending, underwriting, and banking operations, allowing financial institutions to streamline processes without replacing existing systems.
Its technology is designed to handle repetitive tasks that traditionally require significant manual effort, enabling employees to focus on higher-value activities.
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Automating Lending Workflows
According to the company, its agentic workflow platform can automate up to 70% of tasks across consumer, mortgage, and commercial lending operations.
Saris AI reports that customers using its platform have achieved cost reductions of up to 35% while accelerating processing times and improving operational efficiency.
The company has already established partnerships with major financial technology providers including Fiserv and MeridianLink.
Riding The Wave Of AI Adoption In Financial Services
As banks and financial institutions continue investing heavily in artificial intelligence, operational automation has emerged as one of the sector’s largest opportunities.
Financial organisations are increasingly looking for ways to improve productivity while maintaining compliance, security, and service quality.
Saris AI believes AI agents can become a foundational layer within financial institutions by handling routine operational work while integrating seamlessly with existing teams and systems.
“Our vision is a future where humans and AI work side by side across financial services,” said Danial Jameel.
About Saris AI
Saris AI is a fintech startup building AI agents for banks, credit unions, and financial institutions. The company focuses on automating back-office operations, lending workflows, and administrative processes, helping organisations reduce costs, improve efficiency, and scale operations through artificial intelligence.
