LUMIQ Secures Strategic Funding to Automate Financial Decision-Making

The capital injection, supported by existing investor Info Edge Ventures, will fuel LUMIQ’s expansion across the United States and Southeast Asia. Unlike conventional copilots that assist human workers, the LiteCone platform functions by ingesting institutional guidelines to finalize loan disbursements, insurance underwriting, and claims adjudication independently. By handling routine cases from start to finish, the technology allows human staff to focus exclusively on complex exceptions that require nuanced judgment.

Production data from a leading life insurer illustrates the operational impact: the company's LEO agent now manages 75–80% of underwriting tasks without human intervention. This shift has reduced policy issuance costs by approximately 25% while compressing turnaround times from several days to under eight minutes. Currently processing millions of decisions annually, LUMIQ plans to utilize the new funding to deepen its decisioning capabilities and integrate its agent workforce into existing cloud and core banking ecosystems. With over 350 specialists across New Jersey, Singapore, and Delhi NCR, the firm is positioning itself to replace legacy manual workflows with high-speed, compliant, and fully auditable autonomous systems.