""When we started out, the problem we were trying to solve was, 'How can we make underwriting smarter, faster, so that these entrepreneurs get access to capital?'" Gammage, CEO, said. "We wanted a world where money moved freely like it did in other verticals. We came in with a borrower-centric experience, whereas a lot of companies were focused on 'how do we make this work for lenders.'""
""I was inside the mess, watching good businesses die, while trying to navigate legacy workflows," she told TechCrunch. "My literal job was to find technology to solve this, and it didn't exist. I couldn't find anything.""
""We were doing it manually," Martin, the company's COO, said about building LL"
Jannae Gammage worked as a technology consultant at the Small Business Administration and identified outdated lender-business connections and legacy underwriting workflows. She partnered with Alaia Martin and founded Cyphr in 2022 in Kansas City to simplify lending for lenders and small businesses. Cyphr analyzes alternative data and financial patterns using a bespoke LLM trained on overlooked business owners' financials to assess creditworthiness. The product launched in April 2024 after several iterations and AI-driven advancements. Cyphr emphasizes borrower-centric experiences to enable faster, smarter underwriting and broader access to capital, and became a Top 20 Startup Battlefield finalist at TechCrunch Disrupt 2025.
Read at TechCrunch
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