About Sherlok
Sherlok provides mortgage brokers with automated rate tracking and repricing solutions to help them retain clients. By predicting which clients are most at risk of leaving, repricing their loans, and offering refinancing options, Sherlok helps brokers grow their loan books efficiently, streamline the client retention process and help brokers avoid client churn.
What is the company focused on now?
Sherlok was focused on refining its AI-driven client retention tools and expanding its reach across the Australian mortgage broking sector.
At the same time, they were in the midst of an equity capital raise. And while they had strong support from existing investors, they anticipated it would take additional time to close the round and work through typical administrative details.
Why did they seek an R&D Loan? What did it help them achieve?
Developing and refining Sherlok’s predictive algorithms and automated repricing tools required continuous investment, of time and of capital. So, while in the middle of an equity capital raise, they wanted to extend their runway to ensure they had plenty of time to secure the right investors and the right terms.
Kashcade’s R&D loan advanced their R&D refund, which added months of runway and gave them the financial flexibility to continue improving the platform without rushing their fundraising effort.
Importantly, the loan also allowed them to minimise the amount of equity capital they needed to raise, reducing founder and shareholder dilution.
What was your experience like with Kashcade?
Kashcade understood how important speed and simplicity was to enable us to continue improving our platform and closing our fundraise without disruption. Their team was responsive and efficient, ensuring we had the funding we needed in just a few days. The loan helped us extend our runway, giving us more time to secure the right investment while maintaining momentum in our development.
Kashcade's funding option brings a level of certainty and stability to better manage our capital requirement so we can continue to invest in market shifting/defining technology. I'd highly recommend anyone investing in R&D to speak to Kashcade.
Adam Grocke, Founder & CEO
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