Cloud Lending - About the company
Cloud Lending is an acquired company based in Foster City (United States), founded in 2013 by Darpan Saini and Snehal Fulzele. It operates as a Provider of digital banking solutions for financial institutions and their clients. Cloud Lending has raised $16.1M in funding from investors like Sfcapital, Lighter Capital and Green Visor Capital, with last known valuation of $*****. The company has 403 active competitors, including 114 funded and 39 that have exited. Its top competitors include companies like FinBox, R2 and TransBnk.
Company Details
Provider of digital banking solutions for financial institutions and their clients. The company delivers digital tools for consumer, small business, and commercial banking. It offers digital onboarding, risk and fraud management, and relationship pricing and profitability solutions. The company provides resources, customer experience services, and support.
- Website
- cloudlendinginc.com
Key Metrics
Founded Year
2013
Location
Foster City, United States
Stage
Acquired
Total Funding
$16.1M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Aug 08, 2018
Ranked
19th among 403 active competitors
Employee Count
148 as on Mar 31, 2020
Exit Details
Acquired by Q2 Software (Aug 08, 2018)
Cloud Lending's acquisition details
Cloud Lending got acquired by Q2 Software on Aug 08, 2018 at an acquisition amount of $*****.
Click here to take a look at Cloud Lending's acquisition in detail
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Cloud Lending's funding and investors
Cloud Lending has raised a total funding of $16.1M over 5 rounds. Its first funding round was on Mar 19, 2014. Its latest funding round was a Series A round on Sep 06, 2017 for $*****. 1 investor participated in its latest round. Cloud Lending has 6 institutional investors.
Here is the list of recent funding rounds of Cloud Lending:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 06, 2017 | 7157944 | Series A | 8833078 | 7943511 | 2950549 | 4541703 |
Feb 02, 2017 | 5062917 | Series A | 2231936 | 9767326 | 6818240 | 2871118 |
Sep 30, 2015 | 2869698 | Series A | 7298254 | 7087435 |
View details of Cloud Lending's funding rounds and investors
Cloud Lending's founders and board of directors
Founder? Claim ProfileThe founders of Cloud Lending are Darpan Saini and Snehal Fulzele.
Here are the details of Cloud Lending's key team members:
- Darpan Saini: Former Co-Founder of Cloud Lending.
- Snehal Fulzele: Former Co-Founder of Cloud Lending.
View details of Cloud Lending's Founder profiles and Board Members
Cloud Lending's employee count trend
Cloud Lending has 148 employees as of Mar 20. The total employee count is 59.0% more than what it was in Mar 19. Here is Cloud Lending's employee count trend over the years:
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Cloud Lending's Competitors and alternates
Top competitors of Cloud Lending include FinBox, R2 and TransBnk. Here is the list of Top 10 competitors of Cloud Lending, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending | $51.1M | 69/100 | ||
2nd | Provider of merchant financing solutions | $30M | 67/100 | ||
3rd | Provider of open finance infrastructure for transaction banking and related services | $30M | 66/100 | ||
4th | Kaleidofin 2017, Chennai (India), Series B | Financial services platform offering lending, credit assessment, and engagement | $44.7M | 66/100 | |
5th | Retail financial solutions provider | $113M | 64/100 | ||
6th | Finastra 2017, London (United Kingdom), Funding Raised | Provider of financial software solutions for lending, payments, and universal banking | - | 63/100 | |
7th | NetSol Tech 1979, Calabasas (United States), Public | Developer of an AI-driven platform for asset finance and retail | - | - | 63/100 |
8th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
9th | Knight FinTech 2019, Mumbai (India), Series A | A digital banking technology company that provides full-stack banking solutions for lending, treasury management, and supply chain finance | $32.8M | 62/100 | |
10th | Provider of a lending-as-a-service platform for banks and lenders | $44M | 62/100 | ||
19th | Cloud Lending 2013, Foster City (United States), Acquired | Provider of digital banking solutions for financial institutions and their clients | $16.1M | 56/100 |
Looking for more details on Cloud Lending's competitors? Click here to see the top ones
Cloud Lending's Investments and acquisitions
Cloud Lending has made no investments or acquisitions yet.
News related to Cloud Lending
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Q2 Holdings, Inc., Enters Agreement to Acquire Cloud Lending, Inc.Business Wire•Aug 08, 2018•Q2 Software, Cloud Lending, San Mateo
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Cloud Lending Solutions Chosen as a 2018 Red Herring Top 100 North America WinnerBusiness Wire•Jun 27, 2018•Cloud Lending
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Cloud Lending Solutions Wins FinTech Breakthrough AwardEquipment Finance Advisor•May 11, 2018•Cloud Lending
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Cloud Lending Solutions Announces Latest Software Release - LynxBusiness Wire•Feb 14, 2018•Cloud Lending
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Cloud Lending Solutions Announces Lease Xcelerate Software Implementation ProgramBusiness Wire•Jan 17, 2018•Cloud Lending
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Cloud Lending Solutions Recognized as a Top 25 FinTech Company of 2017Business Wire•Jan 11, 2018•Cloud Lending
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Fujitsu Enhances Identity Security with Advanced Cloud-based Biometrics SolutionPR Newswire•Sep 14, 2017•Fujitsu, Cloud Lending
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ABN AMRO Invests in American FinTech Cloud Lending Solutions | Business WireBusiness Wire•Sep 06, 2017•Cloud Lending, Abn Amro
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