Cloudbankin (formerly known as Habile Technologies), a complete end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, today raised USD 400k in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC – a global venture capital firm.

Fintech angel investors including Ramanathan RV, CEO at Hyperface, Mohan Karuppiah, CEO at IppoPay and Mahendra Negi, Head of Alliances & Partnerships (Financial Services Solutions), from one of the leading Global Technology companies extended their support and participated in the funding round.  

The infusion of funding enables Cloudbankin to extend its product portfolio, addressing challenges faced by larger financial institutions. The company 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. 

Mani Parthasarathy, Co-founder and CEO of Cloudbankin, said, “ 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.”