We’re excited to be announce $150,000 in financing for Cloud Lending, a provider of cloud-based technology solutions for managing loan and investment portfolios for lending institutions. This is also our 9th financing with a Salesforce ISV.
“Lighter Capital spent time with us to work through the different funding options available to us,” says Cloud Lending Founder and CEO, Snehal Fulzele. “We were looking for a financing solution to ramp our sales and marketing but did not want to dilute our equity in the business. The Lighter Team structured a RevenueLoan that works for us as a growing company adjusting as our business evolves.”
With a growing set of solutions covering traditional lending, peer-to-peer lending, microlending, payday and auto loans, Cloud Lending allows lenders to scale, quickly bring products to market, stay compliant and focus exclusively on their borrowers. They provide their customers with a single cloud-based platform, regardless of the complexity of the lending business, that seamlessly integrates with over 2000 enterprise apps.
“It’s great to be able to work with an innovative service provider in our own industry,” says BJ Lackland, Lighter Capital’s CEO. “They are making the process of lending money more efficient, more mobile, more secure and more customizable. This can only be a good thing for both traditional and alternative lenders and their customers and we’re really excited to work closely with Cloud Lending in the years to come.”