“Can AI-powered cashflow underwriting replace traditional credit scores as the primary decisioning layer for consumer installment lenders in underserved markets?”
Founded in 2017 as an AI-based credit scoring company, Lokyata evolved into a full 'Lead to Loan Smart Decisioning' platform for consumer installment lenders operating outside traditional credit scores. The company has progressively deepened its offering from basic scoring into a configurable workflow platform (XRV3) that spans lead screening, identity/fraud detection, cashflow underwriting via bank transaction analysis, and portfolio analytics. The embedded finance angle is as a B2B SaaS infrastructure provider — Lokyata does not lend itself but powers lenders with AI-driven decisioning tools integrated into their existing loan management systems.
Lokyata connects to bank accounts through MX.
The Embedded Finance Index 2026 maps 2 layers in Lokyata's stack: Lending (Bank Analyze (AI cashflow decisioning engine), Lead Buy (AI lead screening) and XRV3 platform (configurable loan decisioning and autofunding)); Open banking (MX).
Lokyata was founded by Santhosh Thiruthi and Charu Ramanathan and is founded in 2017, headquartered in Cleveland, Ohio, United States.
Lokyata has raised $1.5M in total (latest round: Seed).
Get a read on where your own stack stands against Lokyata and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.