Kaaj was founded by Utsav Shah, Shivi Sharma in 2024.

Who are Kaaj's investors?

Kaaj's investors include Better Tomorrow Ventures, Kindred Ventures, Coughdrop Capital, Karman Ventures.

How much funding has Kaaj raised?

Kaaj has disclosed $3.8M raised across 1 of its 2 known rounds.

Where is Kaaj headquartered?

Kaaj is headquartered in San Francisco, US.

Kaaj

San Francisco, US · Founded 2024 · 12 employees on LinkedIn · 4 known investors

Find your way into Kaaj

437 people in our graph share verified history with the Kaaj team — schools, employers, funds. One of them is your warm intro.

Hans Tungunlockedknows Utsav Shah · together at Snapdeal (overlapped)

×8knows the team · via Snapdeal

×3knows the team · via Cruise

Kaaj provides an AI platform for small business credit underwriting that automates deal intake, business verification, cash flow analysis, risk detection, and credit memo generation. It serves lenders, brokers, funders, and banks across lending models including equipment finance, merchant cash advance, community banks, and SMB lending.

AI & Machine Learning Fintech SaaS

Founders & leadership

Kaaj was founded in 2024 by Utsav Shah and Shivi Sharma.

Utsav Shah Co-Founder & CEOHe previously spent nearly a decade at Uber and Cruise working on AI systems, and co-founded a nonprofit focused on data skills education in underrepresented communities.

Shivi Sharma Co-founderShivi Sharma has spent a decade in financial services and fintech, holding risk positions at American Express, Uber Payments, and Varo Bank where she worked on credit strategy and fraud reduction. She is co-founder of Kaaj, an AI platform for small business credit underwriting.

Investors · 4

Better Tomorrow Ventureslisted by Better Tomorrow VenturesSan Francisco · $500K – $4M

How we know: Better Tomorrow Ventures's portfolio page · a partner's Signal profile · funding news · the VCSheet dataset · Not right? Tell us

Kindred Ventureslisted by Kindred VenturesSan Francisco · $250K – $2M

How we know: Kindred Ventures's portfolio page · a partner's Signal profile · m.economictimes.com · Not right? Tell us

Coughdrop CapitalreportedSeattle · $40K – $100K

How we know: funding news · Not right? Tell us

Karman VenturesreportedAustin · $100K – $500K

How we know: funding news · Not right? Tell us

Funding

SEC filings, press & company announcements

$3.8M disclosed across 1 of 2 rounds · 2025

Undisclosed amountSeedNov 2025 · 2 sources
Kindred Ventures
Source ↗
$3.8MraisedNov 2025 · 3 sources
Kindred Ventures
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Kaaj News & Press | AI Underwriting, SMB Lending & Funding Coveragekaaj.ai · Nov 2025

Frequently asked questions

What does Kaaj do?: Kaaj provides an AI platform for small business credit underwriting that automates deal intake, business verification, cash flow analysis, risk detection, and credit memo generation. It serves lenders, brokers, funders, and banks across lending models including equipment finance, merchant cash advance, community banks, and SMB lending.
Who founded Kaaj?: Kaaj was founded by Utsav Shah, Shivi Sharma in 2024.
Who are Kaaj's investors?: Kaaj's investors include Better Tomorrow Ventures, Kindred Ventures, Coughdrop Capital, Karman Ventures.
How much funding has Kaaj raised?: Kaaj has disclosed $3.8M raised across 1 of its 2 known rounds.
Where is Kaaj headquartered?: Kaaj is headquartered in San Francisco, US.