Lending platform Cloud Lending Solutions recently announced a partnership with Japanese technology company Fujitsu. Fujitsu will help Cloud Lending Solutions distribute CL Originate, CL Lease, CL Loan, and CL Collections to its large and small business customers in Japanese and ASEAN markets.
Fujitsu EVP Hideki Kiwaki, corporate executive officer and vice head of global services integration, called the partnership an “important strategic initiative” for Fujitsu that “will enable rapid and flexible delivery of financial technology solutions that will eliminate the departmental silos slowing lenders down.”
Cloud Lending will also work with Fujitsu Laboratories of America, which will contribute its “finance-related business knowledge and system-construction know-how.” Fujitsu Laboratories of America will also help integrate the solution with existing systems.
In a press release Snehal Fulzele, CEO, Cloud Lending Solutions said, “Our partnership with Fujitsu will allow us to deliver advanced innovations in financial services to businesses in the Asian region including Japan.”
Fulzele debuted CL Exchange from Cloud Lending Solutions at FinovateSpring 2015. CL Exchange is a marketplace where online lenders exchange consumer and business loan applications to help lenders source the best loan for their portfolio. At FinDEVr San Francisco 2014, the company’s CTO Darpan Saini gave a presentation about why Cloud Lending built on top of Salesforce’s Force.com cloud platform.
Founded in 2012 and based in California, Cloud Lending Solutions has raised $8 million.