Cloudbankin, a Chennai, Tamil Nadu, India-based end-to-end digital lending software company, raised $400K in funding.
The round saw participation from Upekkha, Kube VC, Mr. Ramanathan RV, CEO at Hyperface, Mr. Mohan Karuppiah, CEO at IppoPay and Mr. Magendra Negi.
The company intends to use the funds to enhance its AI based low-code platform to enable customisable workflow and pluggable integrations for different financial products.
Led by CEO Mani Parthasarathy, Cloudbankin (formerly called Habile Technologies) provides financial institutions with a comprehensive digital lending software solution featuring low-code digital onboarding, a loan origination system, a loan management system and a business rule engine.
The company started as a bootstrapped venture and has built a customer base of more than 50+ financial institutions from multiple countries. Over the past year, Cloudbankin has achieved an impressive 60% annual growth rate.
The founding members include:
- Mani Parthasarathy as CEO,
- Maieenah Rajah as CRO,
- Alex Anto Navis as CTO,
- among others.
FinSMEs
15/06/2023