Cloud Lending Solutions, a San Mateo, CA-based loan and leasing platform built natively on Salesforce, closed its financing round of undisclosed amount.
The round was led by Cota Capital, with participation from all existing investors.
The company intends to use the funds to continue expanding its global reach, to accelerate product growth and innovation, to invest in additional sales and marketing resources, and to evaluate strategic partnership opportunities.
Founded in 2012 and led by Snehal Fulzele, CEO, Cloud Lending Solutions is a cloud-based financial services technology company, which enables the global lending community to connect with borrowers. Built on Salesforce, the company provides a loan and leasing software specifically designed to digitize the entire lending process; from origination, underwriting, servicing, to collections, creating a single system of record within lending operations.
Clients include banks, credit unions, traditional finance companies, online lenders, and marketplace platforms.