How Ocrolus CEO Sam Bobley Built His Document Analytics Company into a $100 Million Fintech Firm
Summary
In a Business of Business interview, Ocrolus cofounder and CEO Sam Bobley traces the company to Bobley’s parents’ kitchen in 2014; the article says it handles nearly 500 million transactions a year and has turned more than 30 million pages into data with 99% accuracy. The idea came from an elder law attorney reviewing bank statements by hand for Medicaid applications, which require 60 months of financial information. Ocrolus copied Google’s CAPTCHA method: machines read what they can, employees verify the rest, and the checked data trains the models. After a year serving lawyers, Ocrolus pivoted to lending, which Bobley credits for its run as the fastest-growing fintech company between 2015 and 2019. Of the pandemic, Bobley says it increased the velocity of new sales opportunities and helped Ocrolus gain awareness with mortgage lenders and banks: “Never let a good crisis go to waste.”
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“How Ocrolus CEO Sam Bobley Built His Document Analytics Company into a $100 Million Fintech Firm.”
Original at www.businessofbusiness.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/founding-story-biography-business-of-business-526b220dcf/
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