Ending Soon! Save 33% on All Access

Lending SaaS Startup Cloudbankin Raises $400,000 Funding The infusion of funding enables Cloudbankin to extend its product portfolio, addressing challenges faced by larger financial institutions

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Cloudbankin, formerly known as Habile Technologies, an end-to-end digital lending software company headquartered in Chennai, has raised $400,000 in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC – a global venture capital firm. The round also saw participation from fintech angel investors including Ramanathan RV (CEO at Hyperface), Mohan Karuppiah (CEO at IppoPay) and Mahendra Negi (head of Alliances & Partnerships (Financial Services Solutions)). The infusion of funding enables Cloudbankin to extend its product portfolio, addressing challenges faced by larger financial institutions.

"Current lending landscape for borrower onboarding is very heterogeneous and requires customisation for different workflows/api integrations which forces the implementation of multiple product solutions for a Financial Institution causing more complexity. With this funding, we will enhance our AI based low-code platform to enable customisable workflow and pluggable integrations for different financial products such as Business loans, Loan Against Property, Housing Loans, Gold loans, Buy Now Pay Later and Personal loans and launch it in 3 weeks," said Mani Parthasarathy, co-founder and CEO, Cloudbankin.

According to the company, it aims to offer a comprehensive solution encompassing streamlined borrower onboarding with AI based low-code functionality and a unified API integration layer for all the third-party service providers/aggregators, data analytics/insights using Machine learning which can deliver on its vision to provide a swift and seamless lending infrastructure with high ROI and reduced complexity.

"At Upekkha, we're excited to invest in Cloudbankin, a pioneering Fintech SaaS startup. It's been impressive watching Cloudbankin revolutionize the lending space. As India's fintech revolution picks up pace, Cloudbankin will help many BFSI companies go fully digital. Today's customers are demanding, and companies which implement Cloudbankin will have a competitive advantage," said Prasanna, managing partner, Upekkha.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.


How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.