Digital Lending Software Co. Cloudbankin Raises $400K in Funding from Upekkha, Kube VC and Others

Chennai-based CloudBankIN, an end-to-end end-to-end cloud-based loan software company, raised $400K in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC - a global venture capital firm, reported media outlets.

The round also saw participation from Mr. Ramanathan RV, CEO at Hyperface, Mr. Mohan Karuppiah, CEO at IppoPay and Mr. Magendra Negi, Head of Alliances & Partnerships (Financial Services Solutions).

The company will use the freshly raised funds to enhance its AI based low-code platform to enable customisable workflow and pluggable integrations for different financial products.

CloudBankIN was formerly known as Habile Technologies. It is an innovative digital lending platform that aims to drive excellence in the Fintech ecosystem by helping financial institutions go paperless and achieve end-to-end solutions in no time

Led by CEO Mani Parthasarathy, an engineering graduate from Madras Institute of Technology, CloudBankIN provides financial institutions with a comprehensive digital lending software solution featuring low-code digital onboarding, a loan origination system, a loan management system and a business rule engine.

With its software, CloudBankIN claims to disburse loans in 10 minutes. The software provides seamless and scalable integration and automates the process and furnishes a configurable workflow management.

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