Document Parsing
Extract Financial Data in Minutes, Not Hours
Fundtel automatically ingests bank statements and ISO applications, classifies every document, and extracts the data points your underwriters need.
Parses all major bank statements
Step 1
Instant Document Classification
The moment a submission arrives, Fundtel identifies every attached file: bank statements, ISO applications, and credit reports, and classifies them automatically. No more manual sorting.
- Bank statements (all major formats)
- ISO / MCA application forms
- Credit reports
| File | Type | Uploaded |
|---|---|---|
bank_statement_jan.pdf | Bank Statement | 01/04/25 |
bank_statement_feb.pdf | Bank Statement | 01/04/25 |
constructionX_application.pdf | ISO Application | 01/04/25 |
constructionX_credit_report.pdf | Credit Report | 01/04/25 |
john_smith_id.pdf | State ID | 01/04/25 |
Transaction Classification
| Date | Description | Category | Amount |
|---|---|---|---|
| 01/04/25 | ZELLE FROM JOHN SMITH | P2P | $450.00 |
| 01/04/25 | CASHAPP*PAYMENT RECEIVED | P2P | $275.00 |
| 01/05/25 | REFUND - ORDER #48291 | Non-Revenue | $125.00 |
Step 2
Key Data Points Extracted Automatically
Fundtel doesn't just read bank statements, it understands them. Every transaction is categorized as true revenue, loan credits, transfers, P2P payments, or non revenue so your team sees clean numbers, not raw data.
Step 3
Position Detection
Fundtel identifies existing MCA advances and equipment financing in the bank statement, classifying each as a loan credit and calculating total daily obligations. Your team sees exactly what the merchant is already paying before making a decision.
- MCA and equipment financing positions detected automatically
- Loan credits identified and excluded from true revenue
- Outstanding advance balances estimated from daily debits
| Company | Type | Status | Schedule | Last Payment | Payments | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Leasedirect
| Equipment Financing | ACTIVE | Weekly | $1,250.00 | 58 | |||||||||||||
|
Forward Financing
| MCA | ACTIVE | Daily | $198.00 | 34 | |||||||||||||
| Payment History
| ||||||||||||||||||
|
CFG Merchant Solutions
| MCA | PAID | Weekly | $875.00 | 62 | |||||||||||||
Step 4
Missing Linked Account Detection
When a merchant has multiple accounts at the same bank linked for internal transfers, money can move between them without going through any external transaction. Fundtel detects these internal transfers in the provided statements and alerts your team when linked accounts are missing from the submission.
- Internal transfers between accounts identified
- Linked accounts surfaced even when statements are not provided
- Transfer volume quantified per missing account
- Funders alerted to request the missing statements
How It Works
From Inbox to Insight in 6 Steps
Forward the Email
ISOs send documents to your Fundtel inbox. No portal login required, works exactly like your current workflow.
Documents Classified
Fundtel identifies every attachment: bank statements, ISO apps, credit reports, and more.
Data Extracted
Key metrics are pulled: true revenue, daily balances, NSF days, loan credits, and business details.
Position Detected
Existing advances are identified and daily obligation totals are calculated so your team knows what the merchant is already paying.
Linked Accounts Flagged
Internal transfers to accounts not in the submission are detected and flagged so your team can request the missing statements.
Ready for Review
Your team opens a clean dashboard view with all data organized.