Avanz.ai is a powerful AI-as-a-service platform offering plug-and-play APIs that enable organizations to automate document processing tasks like OCR, identity verification, invoice extraction, bank statement parsing, and more. Designed for developers and businesses alike, Avanz.ai provides pre-trained AI models via a simple API interface, eliminating the need for machine learning expertise or building solutions from scratch.
Whether you’re processing KYC documents, financial records, or utility bills, Avanz.ai helps you scale document intelligence workflows with speed and precision. It’s ideal for fintechs, lending platforms, BPOs, and enterprises needing reliable data extraction from complex document formats.
Features of Avanz.ai
Plug-and-Play APIs
Access pre-trained APIs for various document types. No model training or fine-tuning is required—just send your document, and get structured data in return.
ID Document Parsing
Extract relevant data such as name, date of birth, address, and document number from government-issued IDs (Aadhaar, PAN, Driving License, Passport, etc.).
Invoice OCR
Parse invoices from vendors across formats. Automatically extract fields like invoice number, date, GST details, line items, and total amount.
Bank Statement Parsing
Extract and classify transaction-level data from PDF bank statements, along with balances, account info, and summaries.
Utility Bill Processing
Automate the parsing of electricity, water, and telecom bills with field-wise structured output for analytics or verification.
PAN-Aadhaar Linking Check
An API to verify whether a PAN card is linked to Aadhaar—a critical check for financial onboarding in India.
Face Match API
Compare a selfie with a photo ID to verify identity using facial similarity algorithms.
Liveness Detection
Prevent spoofing by verifying whether a face is live or a static image during onboarding.
Custom Workflows
Chain multiple APIs for end-to-end document processing use cases like KYC verification, loan underwriting, or employee onboarding.
Multilingual OCR
Support for multiple Indian languages across documents for wider regional and demographic coverage.
How Avanz.ai Works
Sign Up and Get API Keys
Register on the Avanz.ai platform and access your dashboard to generate API keys.Choose a Workflow or API
Select from pre-configured APIs such as Bank Statement OCR, ID Parser, or Invoice Extractor.Upload Document via API
Make a POST request with the document (PDF or image format) to the chosen API endpoint.Receive Structured JSON Output
The API returns a clean, structured response with key fields extracted automatically.Integrate Into Workflow
Use the JSON response in your product or back-office process for decision-making, compliance, or automation.
Use Cases for Avanz.ai
Fintechs and NBFCs
Automate KYC verification, income validation, and risk assessment during customer onboarding or loan application.
Insurance Providers
Extract policy details and supporting document data during claims processing or customer enrollment.
HR and Recruitment
Automate employee document verification, including ID parsing, address validation, and liveness checks.
Banks and Financial Institutions
Accelerate back-office processes like account opening, fraud detection, and compliance checks with reliable OCR APIs.
BPOs and Data Entry Firms
Replace manual data entry for repetitive document processing tasks with high-accuracy APIs.
eCommerce and Marketplaces
Verify sellers and vendors by parsing GST certificates, bank details, and ID proofs.
Pricing of Avanz.ai
As of June 2025, Avanz.ai uses a pay-as-you-go model, with usage-based pricing tailored to different API categories. While detailed pricing is not publicly available, the platform offers:
Free Trial Credits on sign-up to test the APIs
Custom Quotes for startups and enterprises
Tiered Pricing depending on API call volume and use case
For detailed pricing or enterprise deployment options, Avanz.ai encourages users to contact their sales team directly via their website.
Strengths of Avanz.ai
Fast and accurate extraction from unstructured documents
No machine learning knowledge required to implement
Rich support for Indian document formats and financial use cases
Plug-and-play APIs enable quick integration
Highly scalable—ideal for high-volume data processing
Secure and enterprise-ready
Custom workflows allow chaining of multiple APIs for automation
Drawbacks of Avanz.ai
No public pricing may deter some small developers or startups
API coverage is currently India-centric (ID formats, compliance rules)
Requires a backend setup to integrate the APIs effectively
Limited visibility into model training or error handling customization
Comparison with Other Tools
Avanz.ai vs. Nanonets
Both platforms offer OCR APIs, but Avanz.ai focuses more on Indian document formats with ready-to-deploy financial workflows. Nanonets allows more custom model training.
Avanz.ai vs. Amazon Textract
Textract offers general-purpose document OCR at scale. Avanz.ai provides more contextual and field-specific parsing tailored for BFSI sectors.
Avanz.ai vs. Docsumo
Docsumo is a strong competitor in document automation with a UI. Avanz.ai, however, is API-first and developer-centric with fine-tuned support for Indian use cases.
Avanz.ai vs. HyperVerge
HyperVerge offers facial recognition and document verification APIs too, but Avanz.ai has a broader focus on document parsing and banking workflows.
Customer Reviews and Testimonials
Avanz.ai is trusted by several fintech startups and enterprises in India. Although the website does not list public reviews, client logos and endorsements suggest strong usage in regulated industries.
“We were able to reduce our KYC processing time from 24 hours to under 5 minutes using Avanz.ai.” – Product Head, Lending Startup
“Their bank statement parser helped us automate income verification with 95% accuracy.” – Operations Manager, Fintech App
The platform has also been featured in AI and fintech startup communities for its plug-and-play deployment and domain-specific accuracy.
Conclusion
Avanz.ai is a robust and developer-friendly platform that enables automated document intelligence through a rich suite of AI-powered APIs. Designed for use cases in fintech, banking, and enterprise operations, it empowers businesses to replace manual document review with scalable and reliable automation.
With a focus on Indian document formats, financial workflows, and identity verification, Avanz.ai fills a crucial gap in the automation landscape for regional markets. If you’re looking to streamline your document processing pipeline with minimal setup, Avanz.ai is a powerful choice for rapid and intelligent integration.
