Our Story
Founded and led by a banker, Micah Group is devoted to arming lenders with the competitive advantage of speed and service
In his years as a business banker, Justin Bjerkaas saw firsthand the inefficiencies that hurt the lending experience.
When customers applied for a loan, the bank took weeks to reach a decision and even longer to fund it. For a small business owner, that could mean lost revenue every day funding is delayed.
Justin Bjerkaas, Founder & CEO, Micah Group
Justin quickly saw that technology was the industry’s biggest obstacle. Banks were limited to dated, disjointed systems from unreliable vendors with restrictive contracts.
Credit managers were pressured to work faster, yet weighed down with cumbersome manual entry and error-prone processes. Too often, the bank would lose customers to faster competitors.
Justin’s frustrations drove him to explore ways to improve the lending experience. He studied how new technologies were advancing banking in other parts of the world and moving entire industries forward. He saw no shortage of opportunities for lending businesses.
From efficiency gains to smoother customer experiences, modern technology would be key for lenders to compete in the future.
In 2017, Justin left his banking job and wiped out his savings to form Micah Group.
Justin was determined to create a tech company with a community bank mindset, prioritizing relationships and reliability to be a voice of value that moves its customers’ businesses forward.
Justin recruited a team of data scientists and researchers from MIT, Harvard, and George Washington University to start building Micah™, the intelligent lending platform.
Our team started by streamlining the time-consuming document collection, input and spreading processes with the help of automation and artificial intelligence (AI).
We built powerful analysis and configuration capabilities to supercharge credit analysis. Over time, we added features like a credit presentation builder, so Micah could do the job of multiple software systems.
As Micah has evolved, it continues to cut time from the process, lighten the underwriting workload, and reduce IT overhead.
Most importantly, our powerful platform gives banks and financing companies agility and readiness to compete in an ever-changing market.
Today, Micah continues to be backed by an experienced, compassionate team of technologists and banking professionals.
We pride ourselves on working in close partnership with customers to offer the best possible solution and move their businesses forward.
