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Chime backer Lauren Kolodny bets on AI to revolutionize estate processing
Acrew Capital's Kolodny led a $20 million Series A in Alix, a startup that uses AI to automate estate processing.
That experience gave Mysoor the idea that some of the most labor-intensive aspects of trust administration, including scanning and extracting data from documents, pre-populating complex forms, and communications with banks, can now be handled by AI agents. Kolodny realized that even though economists are estimating that trillions of dollars will transfer to millennial and Gen Z generations over the next two decades, the paperwork surrounding estate settlement largely remains a burden on those grieving the loss of their parents. While some startups like Empathy provide assistance with closing accounts as part of their bereavement support, Kolodny discovered that no companies offered comprehensive, start-to-finish estate settlement services.
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