‘We were processing something like 65% to 75% of all PPP loan applications nationally’: Ocrolus’ Sam Bobley
- A major challenge in scaling digital finance solutions is handling old school paper and forms.
- Ocrolus' Sam Bobley has a vision to move beyond paper into a more automated financial ecosystem.
One of the major challenges in scaling digital finance solutions is handling old school paper. Even with all the automation and digitization, documents still need to be processed and in many cases, humans need to be looped in.
Sam Bobley is the co-founder and CEO of Ocrolus, which works with firms like BlueVine, Brex, and PayPal to analyze financial documents in any format.
Sam joins me on the podcast to talk about the challenges of balancing speed and accuracy in data extraction in fintech and how the Payroll Protection Program really highlighted the leaders in the space based on their ability to scale up quickly. Sam shares his view on what it takes for the financial industry to move beyond paper to a fully automated ecosystem. He also shares some insights on where he thinks the market is headed as well as Ocrolus’ product road map.
Sam Bobley is my guest today on the Tearsheet Podcast.
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The following excerpts were edited for clarity.
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