Grid Finance reads complex bank statements in under a minute, at 94%+ accuracy
Grid Finance, a Dublin lender to Irish small businesses, uses Docsumo to read the bank statements in each loan application instead of parsing them by hand.
A merchant cash advance application with its business current account statement in two files: a 14-page PDF for January to April (268 rows) and an Excel export for April to June (171 rows). Docsumo stitches them into one statement of 412 transactions, counting the 27 rows in both files once, and reads an opening balance of €18,240.00, credits of €42,615.50, debits of €39,902.25 and a closing balance of €20,953.25. Grid Finance's rules pass, the file is ready for review, and approved data goes to the loan origination system by API.
Finance built for Irish small businesses.
Certified B CorpDublin · Limerick · Cork · PortugalGrid Finance is a Dublin-based lender to small and medium-sized businesses across Ireland. It serves cafés, salons, shops, manufacturers and wholesalers, with finance shaped around how each business trades, so repayments can ease in quieter months.
- Merchant cash advanceB2CRepaid as a fixed share of each card sale.
- Flexible repayment facilityB2BDaily repayments follow a 5-day rolling average.
- LeasingEquipmentThe cost of new equipment, spread over time.
- years backing Irish SMEs
- 13+
- Irish businesses
- 4,000+
- funded
- €200M+
Every loan decision waited on the statements.
Before Docsumo, sales executives read every statement by hand.
- Online application
- 6 months of statements
- Tax clearance cert
- Structured data only
- Split files, rows counted twice
- A different layout for every bank
- Executive time spent retyping
- Credit decision
- Loan origination system
Built around their statements.
Docsumo is an intelligent document processing (IDP) platform.
- Split files
Two files, read as one statement
Both parts are stitched into one statement, so no transaction counts twice.
- Edge cases
A model trained on their statements
Their own document types, trained on the edge cases legacy OCR missed.
- Many banks
Every bank's layout, one template
Every Irish bank's statement comes out in Grid Finance's own template.
What changed at Grid Finance.
| Before Docsumo | With Docsumo | |
|---|---|---|
| Time per complex statement | Page by page, by hand | <1 minper complex statement |
| Extraction accuracy | Legacy OCR, structured data only | 94%+extraction accuracy |
| The executives' work | Retyping each file into an Excel template | Approve checked data, sent to their loan origination system by API |
See how bank statement extraction and document AI for lending work.
What Grid Finance says
“The accuracy and service have been amazing since day one, and the team is still incredibly responsive a year later.”
Mark BentleyHead of Credit, Grid FinanceSee it on your documents.
Bring three of your hardest bank statements. We will run them on the call and show every field and every check.