About Kita
Kita is an AI platform for lending operations that automates application completion, document verification, and underwriting, starting with lenders in emerging markets. It is part of YC's Winter 2026 batch. In August 2026 it raised a $4.5M seed round led by BoxGroup.
What is Kita?
What is Kita?
Kita is an AI platform for global lending operations. In many emerging markets, open banking APIs do not exist and a borrower's financial history lives in documents such as e-wallet records, bank statements, and utility bills. That unstructured data forces credit and risk teams into manual review, which slows decisions and caps lending volume.
Kita helps lenders automate application completion, document verification, and underwriting from these documents. According to the company, it extracts fraud-checked data and localized risk signals, and its AI agents can communicate with borrowers and draft decision-ready credit memos for loan officers. Kita also describes itself as a learning engine that links document-level signals to repayment outcomes so fraud detection and risk models improve over time.
The company was founded by Carmel Limcaoco, a repeat founder from Manila who spent three years in product at Apple, and Rhea Malhotra, who has a research background in computer vision. It is part of Y Combinator's Winter 2026 batch. In August 2026 Kita announced a $4.5M seed round led by BoxGroup with Y Combinator, Kaya Founders, BEENEXT, Golden Gate Ventures, and angels including Tala founder Shivani Siroya. Funds will support growth across Latin America, Southeast Asia, Africa, and the United States.
Pros
- Handles unstructured documents where bank APIs are not available
- Agents can collect missing information from borrowers and draft credit memos
- Fraud checks and localized risk signals built into extraction
- Models improve by linking document signals to repayment outcomes
Cons
- Primarily designed for lenders in emerging markets
- No public pricing on the website
- Lenders must validate model-driven risk signals against their own credit policies
How to Use Kita
- 1Book a demo
Contact Kita through its website to scope your lending workflow.
- 2Connect your application flow
Route borrower applications and documents into Kita.
- 3Automate verification
Let Kita extract data, run fraud checks, and gather missing information from borrowers.
- 4Decide with credit memos
Loan officers review Kita's decision-ready credit memos and make the final call.