Fintech Solifi is working to prove that AI and agentic AI tools can coexist with traditional SaaS workflows. 

Amid fears of a “SaaSpocalypse” in the AI era, Solifi is gradually layering AI onto its platform so that lenders can experiment with new technologies without abandoning SaaS, Chief Technology Officer Vinay Mehta said June 9 during the Solifi Summit in Austin, Texas.  

“You can say, ‘Here’s my SaaS workflow and here’s my agentic workflow,’” he said. “Our thesis is that SaaS continues to be the backbone.  

“Nothing changes that, but what we have to do is extend it … so that you can continue to take advantage of the AI ecosystem that’s evolved.”

SaaSpocalypse refers to the possibility of AI agents replacing enterprise software by automating similar tasks at a significantly lower cost, according to previous FinAi News reporting.  

Infrastructure improvements 

Solifi, which provides front- and back-office solutions for asset-based lenders, is investing in infrastructure layer improvements to enhance data strategies, cybersecurity, API integration and workflow intelligence, Mehta said. 

“We are going to deliver those things to you using the appropriate AI infrastructure, whether that happens to be a skill, … a tool [or] … an agent,” he said.  

Lenders that use Solifi include:

• DLL;
• Huntington Bank;
• Hyundai Capital America;
• Paccar Financial;
• PEAC Solutions;
• Toyota Financial Services; and
• U.S. Bank. 

Solifi manages more than $165 billion in transaction volume across its global portfolio, according to the company. 

Five-level approach 

Solifi has broken its AI implementation into five levels, Mehta said.  

The company now is at the third level, which is centered on testing, product development and data-driven insights, he said, adding that the first two levels comprised a controlled rollout of practical AI tools.  

Solifi is eyeing the fourth level, which involves AI systems communicating with each other in a limited capacity while agentic solutions are introduced, he said.  

The fintech eventually intends to reach the final level, an AI-native organization with autonomous systems “talking to each other” at scale while humans are “watching to make sure that they’re providing governance.” 

Ultimately, Solifi is taking action to “absorb AI velocity in a quick manner,” Mehta said.  

“My job is to make sure that we introduce AI without throwing SaaS out of the backbone,” he said.  

Who survives SaaSpocalypse? 

Bessemer Venture Fund’s EMCLOUD index, which measures the collective performance of key publicly traded software companies, has dropped 12.4% since the start of 2026 and 15.1% over the past 12 months. 

There are more than 30,000 SaaS companies globally, with roughly 17,000 in the United States, according to research firm Statista.  

SaaS companies that do not have their own proprietary data are unlikely to survive the agentic era, Robert Cooke, chief executive of enterprise software firm 3forge, told FinAi News.  

For companies that have intellectual property and provide “complex software,” demand is “going to go through the roof,” Cooke said. 

“Companies that actually build intellectual property, that build software, I think they’re in a different position,” he said.  

Register here for the FinAi Lending Summit, set for Oct. 7-8 in Las Vegas.