South delhi sdm, Municipal corporation in New Delhi, India

BusinessWire IndiaMumbai (Maharashtra) [India], June 14: Cloudbankin, a complete end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, today announced it has successfully raised USD 400K in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC - a global venture capital firm.Prominent Fintech angel investors including Ramanathan RV, CEO at Hyperface, Mohan Karuppiah, CEO at IppoPay and Magendra Negi, Head of Alliances & Partnerships (Financial Services Solutions) from one of the leading Global Technology companies extended their support and participated in the funding round.Cloudbankin started as a bootstrapped venture and has built a robust customer base of more than 50+ financial institutions from multiple countries. Over the past year, Cloudbankin has achieved an impressive 60 per cent annual growth rate. Notably, it has been recognized as the second most user-friendly platform in the loan origination category, according to G2 Review. Currently, financial institutions utilizing this product have achieved loan disbursements in under 10 minutes for unsecured loans.Commenting on the announcement, Mani Parthasarathy, CEO of Cloudbankin, expressed, "Current lending landscape for borrower onboarding is very heterogeneous and requires customisation for different workflows/api integrations which forces to implement multiple product solutions for a Financial Institution causing more complexity. With this funding, we will enhance our AI based low-code platform to enable customisable workflow and pluggable integrations for different financial products such as Business loans, Loan Against Property, Housing Loans, Gold loans, Buy Now Pay Later and Personal loans and launch it in 3 weeks.""At Upekkha, we're excited to invest in Cloudbankin, a pioneering Fintech SaaS startup. It's been impressive watching Cloudbankin revolutionize the lending space. As the India's Fintech revolution picks up pace, Cloudbankin will help many BFSI companies go fully digital. Today's customers are demanding, and companies which implement Cloudbankin will have a competitive advantage" commented Prasanna, Managing partner at Upekkha.(Disclaimer: The above press release has been provided by BusinessWire India.will not be responsible in any way for the content of the same)Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

South Delhi SdmFOLLOW

South delhi sdm, Latest News

ThePRTree New Delhi [India], June 14: District 369, Launches World's Biggest & Largest Accelerator Program for Startups in Web3. ... ...

Imphal (Manipur) [India], June 14 : Nine people have been killed and 10 others injured in a fresh flare-up ... ...

New Delhi [India], June 14 : Vice President of Zimbabwe Constantino Chiwenga has arrived in New Delhi, informed the ... ...

VMPL New Delhi [India], June 14: In every generation, there emerge individuals who possess an exceptional drive, vision, and ... ...

Mumbai (Maharashtra) [India], June 14 : It was in June 2020, when the entertainment industry lost one of the ... ...

New Delhi [India], June 14 : Wholesale inflation in India based on the Wholesale Price Index continued to stay ... ...

PNN Hyderabad (Telangana) [India], June 14: Amigos 21st Century IAS, a leading IAS academy in Hyderabad, is proud to ... ...

BusinessWire India Mumbai (Maharashtra) [India], June 14: Cloudbankin, a complete end-to-end digital lending software company headquartered in Chennai, Tamil ... ...