Cloud Lending Solutions, a company that provides turnkey online lending and leasing software, has received an investment from ABN AMRO’s Digital Impact Fund (DIF). The corporate VC fund focuses on strategic investments in companies that facilitate the digital transformation for ABN AMRO and its clients. DIF was launched in 2015 with €10 million for individual investments ranging between €250,000 and €1,500,000. This investment is the second by ABN AMRO’s Digital Impact Fund (DIF), following an earlier investment in the Swedish Fintech Tink. Additional details were not provided.
Cloud Lending Solutions offers a cloud-based lending platform enabling customers to go to market faster, with digital credit solutions for their retail and corporate clients.
“Our investment in Cloud Lending Solutions meets the criteria of the ABN AMRO’s Digital Impact Fund. CLS has a strong management team, a broad and innovative product portfolio, and a proven track record,” commented Hugo Bongers, Director of the Digital Impact Fund. “With Cloud Lending Solutions robust worldwide growth, they will be able to utilize our investment to further their global expansion. We look forward to our strategic cooperation with the CLS team and its shareholders and to joining the company’s broad ecosystem. Lending is an important theme for the Digital Impact Fund and this investment is in keeping with its strategy.”
Snehal Fulzele, CEO of Cloud Lending Solutions, said they were excited for the long term support of ABN AMRO’s DIF.
“We look forward to working with DIF to deepen our global footprint and broaden our lending impact.”
Cloud Lending Solutions maintains offices in San Mateo, London, Sydney and Bangalore and provides a global solution for online lending from origination, underwriting, servicing, to collections, creating a single system of record within lending operations.