Anvil, a paperwork automation platform, raised $5 million in Series A investment. Gradient Ventures – Google’s AI-focused investment fund – led the round, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio, and 122 West.
Anvil is a low-code paperwork automation platform that helps businesses quickly build simple online experiences for paperwork processes. Minneapolis-based Sunrise Banks recently used anvil’s platform to deploy its digital application process for the Paycheck Protection Program.
“With Anvil, we were able to help more than 1,600 small businesses apply for $127M in Paycheck Protection Program loans in just five days,” said Brett Cooksey, Sunrise Banks’ Chief Information Officer. “The Anvil platform made it possible for us to provide a customer experience that was a dramatic improvement over our previous application process, eliminating some stress for the small business community.”
The company’s current customers span industries including financial services, human resources, technology, and healthcare companies.
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