Heron Data
AI financial data enrichment and transaction categorization
Overview
Heron Data is an AI-powered underwriting automation platform for small business lending and insurance, used by funders, brokers, and insurance underwriters handling products such as merchant cash advances, term loans, SBA loans, and commercial insurance. It automates the underwriting workflow end to end, scrubbing bank statements and applications with OCR, running background checks against public records and sanctions databases, performing cashflow analysis and fraud detection, and applying credit policy logic to route decision-ready submissions. Rather than requiring a new portal, Heron is designed to sync directly with existing systems such as Salesforce and HubSpot, and also offers financial data APIs that enrich raw bank transactions with merchant names, categories, and other insights at high accuracy for fintech builders. The company reports processing over 60,000 submissions daily and customers achieving roughly 3x underwriter throughput without adding headcount.
Details
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