Press Room

Cloud Lending Solutions Announces product advancements to its entire suite of Loan and Leasing solutions on the Salesforce AppExchange, the World’s Leading Enterprise Apps Marketplace
30/03/2017

Financial Institutions looking to digitize and simplify their loan and leasing operations can leverage a full end-to-end borrower and lender experience on a single platform. SAN MATEO, MARCH 29, 2017 – Cloud Lending Solutions today announced it has upgraded its end-to-end suite of lending products CL Loan™, CL Lease™, CL Originate™ and CL Collections™ on the Salesforce AppExchange, empowering businesses to connect with their customers, partners and employees in entirely new ways. Built on the Salesforce Platform, financial institutions can now run all, or part, of their lending operations including origination, underwriting, servicing and collections on a single platform. This...


Varo Money Launches Lending Product Offering
24/02/2017

SAN FRANCISCO, Varo Money, Inc. ("Varo"), a mobile-only banking start-up that will help consumers gain greater control of their financial lives, today announced the launch of consumer lending via its mobile app. Varo will be issuing credit products in several states through its own lending licenses. With this move, Varo has created a more holistic offering to address its customers' financial needs. Varo has recently solidified key strategic partnerships to support this launch including a banking and credit relationship with Silicon Valley Bank and Cloud Lending Solutions as system of record. "We are very excited about the suite of lending...


Cloud Lending Solutions Closes Financing Round, Finishes 2016 with 100% Year Over Year Growth
21/02/2017

San Mateo, CA, February 21, 2017 Cloud Lending Solutions announced today that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading lending platform. Cloud Lending Solutions was founded in 2012 and is the lending industry's only cloud-based, end-to-end loan and leasing platform built natively on Salesforce, the world's #1 CRM company. Cloud Lending Solutions has more than 2,800 lending users in over 23 countries, who use its products to run all, or part of, their origination, underwriting,...


Cloud Lending Solutions Expands Leadership Team with New Executive Hires
05/10/2016

Cloud Lending Solutions adds Chief Revenue Officer and Chief Financial Officer as the Company Focuses on Growth San Mateo, CA, October 5, 2016 Cloud Lending Solutions, a cloud-based end-to-end lending platform, announced the addition of two key members to its executive team to better position the company as it continues its rapid growth. Bob Murphy has joined as the Chief Revenue Officer and Steven Lance has joined as Chief Financial Officer. Bob Murphy is responsible for all revenue generation activities at Cloud Lending Solutions. Bob has over 30 years of experience in technology with a strong expertise in FinTech industry....


DigitalLEND Connects Borrowers and Lenders Through Rapid Deployment-Ready Customizable Solution
20/09/2016

Cloud Lending Solutions, Crowdnetic and eOriginal Partner to Offer Turn-Key Solution to Solve Traditional Lending Barriers Through Technology   BALTIMORE, NEW YORK and SAN MATEO, Calif. – September 20, 2016 –  To provide a pathway to accelerate the adoption of online lending and overcome traditional lending barriers through technology, FinTech leaders Cloud Lending Solutions, Crowdnetic and eOriginal today announced the debut of DigitalLEND. Ready for rapid deployment, the customizable and integrated DigitalLEND solution allows lenders to move online quickly and capture market share in this growing sector.   “As online lending continues its unprecedented growth, lenders that have traditionally worked...


Rent 2 Own Anything Selects Cloud Lending Solutions To Automate And Streamline Rent To Own Consumer Leasing Business
16/09/2016

Australia’s leading white goods rent-to-own provider to automate and streamline its leasing process. SAN MATEO, CA (PRWEB) SEPTEMBER 15, 2016 Cloud Lending Solutions, a cloud-based end-to-end lending and leasing platform, today announced that Rent 2 Own Anything, a Melbourne-based Australian rent-to-own business, has selected CL Originate™ to automate and simplify the origination and underwriting process and CL Lease™ to enable efficient servicing and asset management for white goods used by consumers. Rent 2 Own Anything is one of the leading Melbourne-based rent-to-own consumer leasing businesses, and needed a solution to automate the entire rental business while improving its operational efficiency....


Fujitsu and Cloud Lending Solutions to Deliver New Fintech Solutions to Financial Institutions in Japan and Asia Pacific
12/07/2016

Fujitsu and Cloud Lending Solutions form strategic partnership with MoU Tokyo, Japan, and San Mateo, California, July 12, 2016 – Fujitsu Limited and Cloud Lending Solutions today announced that they have signed a Memorandum of Understanding (MoU) agreeing to a strategic partnership to provide banks and other financial services organizations around the world the cloud-based, end-to-end lending and leasing platform—a Fintech solution—developed by Cloud Lending Solutions. The partners will deliver leading-edge Fintech solutions to existing Salesforce.com enterprise customers and businesses looking to expand their product portfolio or geographic footprint. The two companies will also engage in go-to-market collaboration to support...


Neyber Chooses Cloud Lending Solutions
19/05/2016

Leading UK fintech employee benefits provider opts for altfi technical platform San Mateo, CA, May 20, 2016—Cloud Lending Solutions, a cloud-based, end-to-end lending platform, today announced that Neyber, a leading UK provider of financial employee benefits, has chosen and implemented CL OriginateTM,  CL LoanTM, and CL CollectionsTM to support the rapid growth of its business. Neyber is a UK based provider of financial employee benefits that enables employees to reduce borrowing costs with access to affordable loans integrated with payroll, at no cost to the employer. Neyber’s technology integrates with existing payroll systems, enabling employers to offer an easy-to-implement workplace...


Flexx Selects Cloud Lending Solutions to Shorten Time-to-Market on Equipment Lease Financing Offerings
02/05/2016

Flexx Leasing Program to streamline and increase efficiency of lending process through a single vendor cloud-based platform San Mateo, CA, May 3, 2016—Cloud Lending Solutions, a cloud-based end-to-end lending platform, today announced that Flexx, a nationwide provider of forklift rental and leasing programs, has selected CL Originate™ to automate and simplify the origination and underwriting process and CL Lease™ to enable efficient servicing and asset management for leased equipment. According to CapGemini Business Technology Performance Index 2015/2016, 40% of companies who offer equipment financing programs, report back-end platforms don’t meet current needs. “Cloud Lending Solutions allows us to automate the...


Cloud Lending Solutions Announces First Automated Loan Buyback Option for Online Lenders
11/04/2016

Cloud Lending Solutions clients can now manage the full buyback process from boarding, dispersal and buyback, automatically with no manual intervention Lendit – San Francisco – April 12, 2016 – Cloud Lending Solutions, a cloud-based, end-to-end lending platform delivering innovation to the global lending community, today announced the availability of loan buyback support for CL Loan™ and CL Marketplace™. No other lending platform offers an automated loan buyback option today. Loan buybacks are a common option for online and marketplace lenders. In the US, lenders need to be licensed in each state they do business, which can be problematic for...


Cloud Lending Solutions Introduces CL Lease to Power Equipment and Vehicle Lease Markets
02/03/2016

Cloud-based solution efficiently manages entire lease lifecycle National Equipment Finance Summit, NEW ORLEANS, La.—March 2, 2016—Cloud Lending Solutions, a cloud-based, end-to-end lending platform delivering innovation to the global lending community, today announced the availability of CL Lease™, a proven end-to-end, cloud-based asset leasing solution that enables efficient servicing and asset management for institutional, independent and captive lessors. CL Lease is the first and only end-to-end leasing solution on the Force.com platform. With CL Lease, lessors have a fully integrated leasing solution that shortens time-to-market on product offerings, enables lower operating costs and provides a superior borrower experience. “The leasing industry...


Three Innovations to Watch for in Consumer and Small Business Lending
11/07/2016

Snehal Fulzele, our Founder and CEO, was recently featured in Forbes magazine where he spoke about the innovations driving the lending industry. “The next big innovation will come out of non-bank lending institutions and we’re building a technology company around that belief”


Thought Leaders in Financial Technology: Snehal Fulzele, CEO of Cloud Lending
13/07/2016

CEO Snehal Fulzele’s interview with Sramana Mitra discussing the important trends in the industry. It covers how all online lending vendors (including banks) will soon become much more customer-centric, equipped with technology for fast decision-making and rapid processing of loan applications.


Cloud Lending Solutions Adds VP Of Compliance & Regulations As Regulatory Interest In Internet Finance Grows
13/07/2016

As the regulatory interest rises, Fintech firms are preparing to deal with the additional scrutiny and possible new rules. Online lending SaaS solution, Cloud Lending, has hired Ileana Falticeni as its new Vice President of Compliance and Regulations to help manage the impending regulatory risk. In the US, the convoluted and obfuscated regulatory structure makes things exceptionally difficult for both Fintech innovators and established financial firms.


Cloud Lending Solutions raises $8m in Series A funding
11/07/2016

Bengaluru based Cloud Lending Solutions, an industry's only end-to-end lending solution provider, has raised about R51.86 Cr ($8 Mn) in Series A round led by SF Capital Group.The round also saw the participation from Cota Capital and Long Light Capital and existing seed investors Green Visor and Epic Ventures. With the deal, Neil Wolfson (president, SF Capital Group) will join Cloud Lending Solutions’ board of directors.The funding will be used to support market expansion and further develop the company's engineering and innovation capabilities.


Can FinTech blunt the impact of the next financial crisis – or even prevent it?
05/07/2016

Investment banks and giant insurance firms such as AIG were the major dominoes that nearly caused the whole financial system to topple in 2008. Today we face an entirely different lending industry, thanks to FinTech. FinTech is good news not only for the investors, borrowers and banks collectively, but also for the financial services industry as a whole because it ensures greater transparency and accountability while removing risk from the entire system.


View from Above: Cloud Lending CEO sees banks embracing fintech, marketplace lending
10/04/2016

As lending and other banking services migrate to becoming online services rather than brick and mortar locations, startups and established financial service companies alike are seeking help in making the transition to internet finance. Cloud Lending is one of the companies aiding in this transition having established its platform as a global, turnkey service provider that delivers robust software applications easing the leap for a growing number of banks and other lending firms. Read More


Lending in the digital Age
29/03/2016

We are taking a leap into the era of digital transformation. The times ahead are exciting as well as challenging, with businesses embarking on digital projects, app economy taking a lead and growing digital savviness of consumers. Read more


Harley-Davidson lessor selects Cloud Lending’s software as CL Lease goes global
11/03/2016

Cloud Lending Solutions rolled out CL Lease, its cloud-based, end-to-end lending platform, following some highly successful implementations in the leasing industry. Snehal Fulzele, the company’s CEO explained: “CL Lease is the first and only end-to-end leasing solution on the Force.com platform. It allows lessors to have a fully integrated leasing system that shortens time-on-market on product offerings, enables lower operating costs and provides a superior borrower experience.” One lessor that has implemented CL Lease is Chrome Capital the Florida-based motorcycle leasing specialist. Read more


On GenNext Lenders – The Hindu Business Line
09/03/2016

At $1.2 trillion, India is estimated to be one of the largest markets for consumer finance in the world, behind US and China. It is also one of the least evolved markets for lending, with close to 70 per cent of the market being underserved by institutional lenders. According to a report by international philanthropic investment firm Omidyar Network, over 400 million people borrowed money in India in 2014, but fewer than one in seven were approved for a formal loan.


Cloud Lending Solutions CEO Upbeat About Growth Prospects
26/02/2016

Snehal Fulzele, CEO and co-founder of Cloud Lending Solutions, spoke to BW Businessworld about the future of cloud lending services in India. He views the overall potential market opportunity India to be worth $38.7 billion.


TechCrunch: A Look At The Marketplace Lending Originator Ecosystem
08/02/2016

In marketplace lending, we now have very mature lending-as-a-service platforms, such as LendKey, Insikt, Cloud Lending and Mirador.


Online Banking. Better to Buy or Build?
08/02/2016

It is inevitable that all forms of finance will eventually move online. The days of the bank branch are likely numbered. What Amazon is doing to oh, so many retailers, a growing legion of agile Fintech startups are revving up to do to traditional banks. And it is about time.


Get a New Lease on Growth with Cloud Technology
21/12/2015

By Mukul Mittal, Cloud Lending Solutions Intense competition is driving today’s lessors to seek alternative ways to grow revenue and boost operational efficiency. For many of these firms, legacy information systems have become a major hindrance to progress. Forward-looking lessors are looking to the cloud to streamline operations, simplify infrastructure, and seize the high ground in lucrative new markets. This article explores the requirements facing lessors and explains how these firms can leverage cloud-based solutions to achieve a competitive advantage.


PaySwag and Cloud Lending Join Forces to Offer More Complete Solutions in Consumer Lending
18/12/2015

Reno, NV (PRWEB) December 17, 2015 PaySwag and Cloud Lending Solutions today announced a partnership that will create more comprehensive lending solutions through the integration of PaySwag’s white-label mobile payment platform into Cloud Lending’s lending platform.


Online lending takes off in India
17/11/2015

Technology in the financial space is slowly catching up in India with everything gradually going digital. What used to be a long and cumbersome process — getting loans from banks or non-financial institutions — can be done in just a few clicks in future. Snehal Fulzele, CEO and co-founder of San Francisco-incorporated Cloud Lending Solutions, a technology company that provides financial applications to online lenders, says.....


Fintech challenging the way banks operate
13/10/2015

Technology has changed the way we read books, listen to music, watch movies, reserve flight and train tickets. The next to change could quite possibly be the way we apply for loans in banks and the way our applications are processed. Though most industries have been transformed radically by technological innovations, the banking sector is largely untouched, feels Snehal Fulzele, who has co-founded Cloud Lending Solutions, that provides backroom infrastructure to fintech (financial technology) companies


Here’s how banks need to master disruption
12/10/2015

As we move towards a more digitalised and connected world, banks are facing aggressive competition within financial services as well as non-traditional banking sectors to deliver the convenience and personalisation that consumers expect. Once considered an expensive proposition, technology is becoming an integral part of banking to deliver customer satisfaction and drive business optimization. According to a PWC survey on future of banking, 61% bankers consider customer-centric business model to be very important but less than 20% banks are prepared to provide services in this manner.


Cloud Lending Solutions raises $8 million in Series A funding
09/10/2015

Cloud Lending Solutions, a cloud infrastructure company that provides technology to marketplace lenders and other financial technology companies, has raised $8 million in Series A funding led by SF Capital Group. Cota Capital, Long Light Capital participated in the fundraising along with current seed investors Green Visor and Epic Ventures, the company said in a statement. The company had raised a pre-series of $2 million last year, taking the total capital raised so far to $10 million. The funding will see Neil Wolfson, president at SF Capital Group joining Cloud Lending Solutions' board of direct..


Cloud Lending Solutions raises $8 million in Series A funding
09/10/2015

Cloud Lending Solutions, a cloud infrastructure company that provides technology to marketplace lenders and other financial technology companies, has raised $8 million in Series A funding led by SF Capital Group. Cota Capital, Long Light Capital participated in the fundraising along with current seed investors Green Visor and Epic Ventures, the company said in a statement. The company had raised a pre-series of $2 million last year, taking the total capital raised so far to $10 million. The funding will see Neil Wolfson, president at SF Capital Group joining Cloud Lending Solutions’ board of directors. The funding will be used...


Cloud Lending Solutions raises $8 million in series A funding
09/10/2015

Cloud Lending Solutions announced on Thursday that it had raised $8 million in series A venture funding. The funding will be used to support its market expansion and to enhance its technology. The round was led by SF Capital Group, with additional investments from Cota Capital and Long Light Capital, along with current seed investors Green Visor and Epic Ventures. Neil Wolfson, president at SF Capital Group, will also join Cloud Lending Solutions' board of directors


Cloud Lending Solutions raises $8 million in series A funding
09/10/2015

The round was led by SF Capital Group, with additional investments from Cota Capital and Long LightCapital, along with current seed investors Green Visor and Epic Ventures. Cloud Lending Solutions announced on Thursday that it had raised $8 million in series A venture funding. The funding will be used to support its market expansion and to enhance its technology


FundingWire: Stockroom.io, Grabhouse, Quifers and Cloud Lending Solutions
09/10/2015

Cloud infrastructure company, Cloud Lending Solutions that provides technology to marketplace lenders and other financial technology companies, has raised $8 million in series A funding to support its market expansion and to enhance its technology. The investment was led by SF Capital Group, Cota Capital, Long Light Capital with participation from current seed investors Green Visor and Epic Ventures. In 2014, the firm had secured $2 million in pre-series A round. The latest round bringing its total capital to $10 million. It has over 75 customers in over 20 countries. The company has offices in San Mateo (California) and Bengaluru...


Cloud Lending Solutions raises $8 million in series A funding
09/10/2015

Cloud Lending Solutions announced on Thursday that it had raised $8 million in series A venture funding. The funding will be used to support its market expansion and to enhance its technology. The round was led by SF Capital Group, with additional investments from Cota Capital and Long Light Capital, along with current seed investors Green Visor and Epic Ventures. Neil Wolfson, president at SF Capital Group, will also join Cloud Lending Solutions' board of directors.


Cloud Lending Solutions Announces $8M Fundraising Round
30/09/2015

Cloud Lending Solutions, a technology provider to marketplace lenders and other finance companies, announced that it has raised $8 million in venture funding. The startup said the fundraising round was led by SF Capital Group, a New York-based "family office" serving very wealthy investors. Neil Wolfson, the president of SF Capital Group, will join Cloud Lending Solutions' board of directors.


From learning languages to helping financial institutions – Darpan Saini, CTO, Cloud Lending
22/09/2015

It is very difficult to focus when you have distractions glaring at you from all around. An IT company has a plethora of options to venture into and saying no becomes hard with every opportunity (read- distraction) that is passed on. Darpan Saini, Co-founder and CTO of Cloud Lending Solutions did exactly the same when he decided to focus only on microfinance. Darpan is our Techie Tuesday for this week.


Great Credit Score No Guarantee For Loan Approval
12/07/2015

Poor credit scores are not the only reason loan applications are denied. Increasingly, lender niche-bias can be blamed for the giant red ‘X’ stamp on you paperwork. Snehal Fulzele is the CEO of Cloud Lending Solutions, a global cloud infrastructure company offering SaaS applications designed to manage loan portfolios and help platforms quickly get to market.


Three Innovations To Watch For In Consumer And Small Business Lending
30/05/2015

Many of the biggest and most controversial innovations in finance are now coming in the lending space. Tech companies are creating entirely new financial systems in emerging and developed markets, from mobile wallets to loans that get approved based on your social media scores to new kinds of payroll systems — which in turn could facilitate lending.


What if cloud providers are more secure than banks?
29/01/2015

Bankers' longstanding aversion to public cloud storage may be getting harder to justify in light of data security lapses at the financial institutions themselves. The major data breaches of 2014 claimed two large-bank victims - JPMorgan Chase and Morgan Stanley - and 43 financial services firms all told, according to the Identity Theft Resource Center. No major cloud providers were hit.


Banks conspicuously scarce in supercharged online loan field
22/01/2015

Banks remain noticeably few and far between in the booming field of online marketplace lending. The two largest U.S. platforms in this budding industry, Lending Club and Prosper, facilitated a combined $2.4 billion in loans in 2013, nearly triple the 2012 figure. Some investors are expecting explosive growth in the sector to continue over the next decade.


The software company powering marketplace lending platforms
13/01/2015

Last year dozens of marketplace lending platforms launched all over the world. Given the publicity this industry has received recently many more platforms will likely launch this year. And every one of these platforms will need software to run their lending operation.


P2P offering launched by Cloud Lending Solutions
04/06/2014

California-based Cloud Lending Inc has launched a version of its lending platform tailored specifically for peer to peer (P2P) lending, dubbed P2Pflex. New Zealand-based Harmoney is due to go live with this next week as the first taker. As with all of the supplier’s customers, Harmoney is taking the solution on a cloud basis.


Resources

NEWS

Cloud Lending Solutions Expands Leadership Team with New Executive Hires

Cloud Lending Solutions adds Chief Revenue Officer and Chief Financial Officer as the Company Focuses...

DigitalLEND Connects Borrowers and Lenders Through Rapid Deployment-Ready Customizable Solution

Cloud Lending Solutions, Crowdnetic and eOriginal Partner to Offer Turn-Key Solution to Solve Traditional Lending...

BLOGS

Regtech Meets Fintech – How It Improves Lending?

Lending as an industry is prone to risks and frauds. The added weight of growing ...

Opti-channel banking – way forward for better customer engagements

With an upsurge in technological innovation and the rise of digitally equipped millennials, banking and ...

EVENTS

LendIt USA 2017

The Cloud Lending Solutions team is back at LendIt USA as a Silver Sponsor. Join ...

2017 National Equipment Finance Summit

NEFA's National Equipment Finance Summit is the premier educational and networking event for professionals in ...