FinovateSpring 2015 / Cloud Lending Solutions
Presenter Profile:
How they describe themselves: Cloud Lending Solutions is the only end-to-end lending solution built natively on Salesforce.com. The company’s SaaS applications include origination, underwriting, servicing, collections and reporting. The company recently introduced CL Marketplace, an application for marketplace lenders. Cloud Lending is on a mission to help financial institutions that provide access to alternate financing for millions of unbanked and under banked people across the globe, to leverage the power of cloud, social, mobile, and analytics.
How they describe their product/innovation: Imagine Lending Club, Prosper, and other leading online lenders exchanging consumer or business loan applications within a global exchange. This CL Exchange is where business and consumer loan applications are exchanged among participating online marketplaces and lenders so that they can source the best possible loans for each company’s portfolio.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts:
Bus. Dev. & Sales: James Donatell, Chief Sales Officer, james@cloudlendinginc.com, 415-205-7438
Press: Anna Vaverka, Acct. Supervisor, MSLGROUP, cloudlending@mslgroup.com, 415-817-2510
Website: cloudlendinginc.com
Blog: cloudlendinginc.com/lending-blog
Twitter: @cloudlending
HQ: San Mateo, CA
Founded: November 2012
Product Demoed: CL Exchange
Product Launch: May 2015
Metrics: Money raised to date: $2.25M pre-series A funding, Annual sales growth: 250%, Number of customers: 58, Global footprint: Deployed in 18 countries worldwide, Number of employees: 55
Presenter: Snehal Fulzele (CEO & Co-Founder)
- Key Executives
Snehal Fulzele (CEO & Co-Founder), Darpan Saini (CTO & Co-Founder)
Key Stats
- Key Board Members
Snehal Fulzele (CEO & Co-Founder), Darpan Saini (CTO & Co-Founder)
- Key Investors
Timothy F. McCarthy (Former President, Charles Schwab, Former CEO & Chairman, Nikko Asset Management & Former Chairman, Good Morning Securities Group), Simon Yoo (Founder & Managing Partner, Green Visor Capital), Ryan Hemingway (Director, Epic Ventures)
- Key Advisory Board Members
Humphrey Polanen (Founding Member, Heritage Commerce Bank, Former Executive, Sun Microsystems & Former Executive, Tandem Computers), Harold Rosen (Executive Director, Grassroots Business Fund), Lou Forster (General Partner, Green Visor Capital)
- Key Partnerships
Arxxus Technology Partners, PWC, BDO Solutions, Salesforce.com
- Key Customers
Harmoney.com: Harmoney is New Zealand’s first licensed marketplace financial services company. By delivering a scalable and customizable lending platform, Harmoney has been able to rapidly grow its borrower volume, as well as bring new services to a global market.