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ParaScript accelerates growth, expands fraud prevention capabilities

Monday, July 21, 2025 — 16:20:42 (UTC)

Boulder, Colo., July 21, 2025— ParaScript,an AI-powered document processing company, today announced a year of strong growth and key milestones as it expands to meet growing financial services and federal government work. The company’s trajectory includes a record 19% compound annual growth rate (CAGR) over the past two years. As a result, ParaScript is approaching $20 million in top-line revenue by the end of 2025. ParaScript is well known for its expertise in pattern recognition and document validation, and works with the nation’s largest banks, leading financial services companies, and the federal government to process large volumes of documents at high speed and accuracy.

Over the past 12 months, ParaScript has accelerated its investment and presence in the fraud prevention and detection space, now actively selling a suite of capabilities tailored for financial institutions, including endorsement reading, check stock verification, signature analysis, and check wash detection. The company also expanded its platform to be readily available to more financial institutions, fintechs, and strategic partners. For instance, it added support for Linux, giving clients the flexibility to transition more easily to modern, cloud-first infrastructures, and opening new market opportunities.

This new phase of growth is driven by a strengthened leadership team: Emiliano Giacchetti joined as Chief Executive Officer, and Hondo Katz came on board as Chief Operating Officer. Igor Kil was promoted to Chief Technology Officer, Ted Niemann to Chief Financial Officer, and Ilia Lossev to Chief Science Officer. Tara Todd was promoted to Director of HR & Office Operations, and Tatiana Vazioulina advanced to SVP of Product & Implementation. The company also welcomed Gabriela Davila as SVP of Marketing and David Gerber as SVP of Sales.

“ParaScript is ripe for continued growth and expansion,” said Emiliano Giacchetti, CEO of ParaScript. “Our AI-powered software is proven to help organizations improve data quality, unlocking transformation at scale, and enabling fraud prevention and detection. And the team driving the vision and execution are equipped and eager to reach new heights. The milestones we’ve achieved over the past year position ParaScript to meet the growing need for advanced data processing and fraud mitigation among our impressive client base and beyond.”

ParaScript also continues to invest in its global footprint, with a growing share of its workforce now hired internationally across Europe, the Americas, and Asia, and plans to expand its presence in Africa soon. This approach ensures access to the best talent worldwide and reflects the company's commitment to scalability and innovation. About ParaScript ParaScript develops AI-powered recognition solutions that process over 100 billion documents annually and touch nearly everyone in the US who sends mail or writes checks. Leading financial institutions, government agencies, and corporations in the US, Europe, Latin America and Australia rely on ParaScript to automate their document processing, improving efficiency and accuracy, while reducing costs. Visit www.parascript.com to learn more.

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Source: Company press release.

Categories: Announcement