News
Feb 23, 2026
3 minutes
Today we're announcing $13.5M in Series A funding led by Insight Partners, with continued support from Atinc and Y Combinator.
We're using this funding to build Hypercore's AI Admin Agent - a new approach to loan administration for private credit. With this innovation, we're focused on handling our client's post-close operational workflows, ensuring no fund manager ever grapples with shadow booking ever again.
Private credit has grown into a $3 trillion market. Fund sizes have increased, deal structures have become more complex, and LP expectations have risen. Technology has transformed nearly every other part of financial services- except for loan administration.
Somehow, loan administration - the operational work that happens after a deal closes - looks remarkably similar to how it looked twenty years ago. Most funds outsource to third-party servicers who employ large teams processing work manually, supported by legacy systems built for a different era.
While technically, the model works, the friction is real: slow turnaround on simple requests, limited visibility into portfolio data, monthly snapshots instead of real-time information, and enough uncertainty that many funds maintain shadow books just to verify their servicer's calculations.
These aren't failures of the people doing the work. They're structural limitations of a model that predates what's now possible with AI.
Hypercore's AI Admin Agent combines three things: AI agents that execute operational work, a purpose-built loan management platform, and Hypercore's team providing oversight and accountability.
It's not software that helps teams work faster. This is a service that delivers loan administration as an outcome - onboarding, servicing, reconciliation, reporting - without the tradeoffs that come with traditional servicing.
Soon with Hypercore, AI agents will handle the operational execution: parsing documents, structuring deals, processing payments, running reconciliations, monitoring covenants, generating reports. Hypercore's team oversees everything, ensuring accuracy and handling the judgment calls that require human expertise. The platform provides real-time visibility - fund managers, borrowers, and LPs all working from the same current data.
The result is loan administration that is faster, more transparent, and more accurate.
For a deeper look at how this works - including how AI agents operate within the platform and what distinguishes this from workflow automation or copilots - read What is an AI Admin Agent?
Two things have converged, making now the right time for AI agents in loan administration.
First, AI has reached a threshold where agents can perform real operational work - not just answer questions or summarize documents, but execute multi-step tasks autonomously and reliably. Parsing loan agreements, processing payments, running reconciliations - these capabilities didn't exist at production quality until recently.
Second, fund expectations have evolved. Teams are leaner, timelines are tighter, and LPs want real-time information. The gap between what funds need and what traditional servicing delivers has widened, creating both the demand and the opportunity to rethink loan administration from first principles.
Hypercore’s loan management platform already serves leading private credit funds, with contracted ARR growing 3.5x in 2025 as demand for modern loan infrastructure accelerated.
Hypercore's AI Admin Agent builds on this foundation - the same platform that has been hardened in production, now with AI agents handling operational workflows and Hypercore's team providing full oversight.
This funding allows us to scale more funds, more complex deal structures, additional asset classes, and make continued investment in platform capabilities that benefit our customers.
Insight Partners led this round, bringing deep expertise in vertical software, AI, and fintech. Their portfolio includes Wiz, Monday.com, and CrewAI - companies that have defined categories in their markets. Beyond capital, Insight provides operational support in product development, go-to-market, and scaling. Hagi Schwartz, Managing Director at Insight Partners, is joining our board.
Atinc led the seed round in 2023 and remains a significant shareholder. Nadav Eylath, Managing Director at Atinc, has been a partner and advisor from the beginning.
Y Combinator, where Hypercore went through the accelerator program, continues as a supporter.
Loan administration has operated the same way for decades - large teams, manual processes, periodic reporting, limited visibility. It persisted because there wasn't a viable alternative.
Now there is. Hypercore's AI agents can handle operational work with speed, accuracy, and transparency that manual processes cannot match. Combined with human oversight and a platform built for private credit, this creates a new model - one where loan administration is delivered as an outcome rather than managed as an ongoing process.
This is the direction loan servicing is heading. The agentic loan administration era has arrived.
Learn more about Hypercore's AI Admin Agent.
To join the team building this, see open roles.
