companies

Docsumo

Document AI platform for lenders and insurers that extracts and validates data from financial statements, loan and claims documents.

Docsumo was founded in January 2019 by Rushabh Sheth and Bikram Dahal and is headquartered in Singapore, having gone through Techstars before raising a $3.5 million seed round in 2022 backed by Common Ocean, Fifth Wall and Better Capital. The company focused early on financial services use cases rather than general-purpose OCR, building pre-trained extraction stacks for bank statements, pay stubs, tax forms and loan and insurance documents where field layouts vary constantly between institutions. Docsumo's platform combines automated extraction with a review-and-edit interface so operations teams can correct low-confidence fields without engineering involvement, and the model retrains from those corrections over time. The company reports auto-match rates above 98% for customers who have tuned the platform on their own document mix, and lists integrations with QuickBooks, SAP and Salesforce for pushing extracted data downstream. Docsumo competes directly with Nanonets, Rossum and Google's Document AI in the lending and insurance back-office segment.

Founded

2019

Headquarters

Singapore

Sector

applications