Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, today announced that Humphrey Polanen has been named president. He will be responsible for expanding Cloud Lending’s strategic partnership ecosystem and driving new cloud-based technology solutions that power the alternative lending community.
“Humphrey’s expertise and market insight will be invaluable as we continue to grow our product presence and partnership ecosystem within the lending industry,” said Snehal Fulzele, CEO of Cloud Lending Solutions. “One of Cloud Lending’s goals has always been to enable our technology platform for partners to build new features, capabilities and entirely new apps, empowering our customers to innovate and deliver solutions that meet the diverse global demand of the alternative financing industry.”
The Silicon Valley entrepreneur Polanen brings more than 20 years of operational and executive experience across the fin-tech, cybersecurity and banking industries. Previously, the general manager for e-commerce and Internet security at Sun Microsystems and co-founder of Heritage Commerce Corp, a $2 billion Silicon Valley bank serving small businesses, Polanen also served as chairman and CEO, and led the IPO of the cybersecurity company Edgewave.
“With new companies, ideas and opportunities entering the alternative financing market every day, this is an exciting, albeit confusing period for the community,” said Humphrey Polanen. “The clarity and ease that Cloud Lending’s platform creates for marketplace, microfinance and other alternative lenders is unrivaled. I’m excited about the opportunity that we have in front of us to listen to our customers and partners, understand their needs, and then iterate and improve our best-in-class solutions.”
Cloud Lending’s solutions enable collaboration between lenders such as LendingPoint and technology innovators by creating a “symbiotic” partnership.