VC Fund Investments
Digital lending s'ware maker Cloudbankin raises $400-K
Chennai-based digital lending SaaS startup Cloudbankin (formerly Habile) has raised USD 400,000 from SaaS accelerator and fund Upekkha, Kube VC, and a clutch of angel investors, including Ramanathan RV (CEO, Hyperface), Mohan Karuppiah (CEO, IppoPay), and Mahendra Negi (Founder, Negi Solutions). Some global technology companies also participated in the funding. Cloudbankin provides digital lending software solutions to financial institutions including low-code digital onboarding, loan origination and management system, business rule engine, and other API offerings. The firm plans to use the funding to enhance its AI-based low-code platform to enable customisable workflow and pluggable integrations for business loans, loan against property, housing loans, gold loans, buy now pay later (BNPL) and personal loans. The firm claims to have over 50 financial institutions across the world as clients.
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