In emerging markets, open finance is still nascent. Most of the population is traditionally unbanked, banking APIs don’t exist, and a borrower’s financial history lives in documents: e-wallet records, bank statements, utility bills, and more. Because this data is unstructured, credit and risk teams are forced into manual review. This slows decisioning, increases costs, and caps lending volume.
Kita is the AI platform for global lending operations. We help lenders in emerging markets automate application completion, document verification, and underwriting from messy financial documents — using AI to extract fraud-checked data and localized risk signals that power faster, better credit decisions.
Under the hood, Kita is a learning engine. We link document-level signals to repayment outcomes, allowing our models to continuously improve fraud detection and risk assessment over time. This creates a compounding advantage for lenders as their distinct underwriting decisions feed back into the system.
We’re Carmel and Rhea. We met before Stanford and have been building together ever since. Carmel is from Manila, is a repeat founder, and spent three years in product at Apple. Rhea has a research background in computer vision and received the highest honor in Stanford Computer Science. Together, we combine deep local context with strong technical execution to build the infrastructure that expands access to credit in emerging markets.
Rhea Malhotra
Rhea is the co-founder and CTO of Kita. Rhea completed her bachelor’s and master’s degrees in Computer Science at Stanford, and was an incoming PhD in Computer Vision and Robotics at Princeton. She received the Firestone Medal, the sole highest honor of the Stanford CS Department, for her research in 2025. Rhea joined her first research lab at age 13, worked on the COVID-19 vaccine at Pfizer at 17, and has since authored 7 papers recognized and awarded internationally.
Carmel Limcaoco
Undergrad at Stanford, met co-founder Rhea Malhotra during gap year in COVID.
Rhea Malhotra
Rhea is the co-founder and CTO of Kita. Rhea completed her bachelor’s and master’s degrees in Computer Science at Stanford, and was an incoming PhD in Computer Vision and Robotics at Princeton. She received the Firestone Medal, the sole highest honor of the Stanford CS Department, for her research in 2025. Rhea joined her first research lab at age 13, worked on the COVID-19 vaccine at Pfizer at 17, and has since authored 7 papers recognized and awarded internationally.
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Carmel Limcaoco
Carmel is the co-founder and CEO of Kita. She is from Manila and studied Symbolic Systems & Music at Stanford. Prior to Kita, she was completing her Master’s in Computer Science. She spent three summers in audio and music product at Apple, where she was one of few interns to ever ship a feature in iOS. She was awarded by the United Nations at 16, launched the first Product Fellowship in the Philippines, and co-founded DAHA in 2022, where she took Stanford’s first marketplace from 0 to 1.
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