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How digital lending SaaS startup Cloudbankin is streamlining loan disbursal for banks and NBFCS

YourStory

YourStory · 1y ago

How digital lending SaaS startup Cloudbankin is streamlining loan disbursal for banks and NBFCS

Chennai-based software firm Cloudbankin offers lending software that enables unsecured loan approvals in under ten minutes. Their integrated APIs automate the process using credit bureaus and financial analysis, streamlining the onboarding experience. Cloudbankin provides technology solutions to lenders, banks, and non-banking financial companies (NBFCs), rather than directly offering loans. Their AI-powered platform offers loan origination and management software, a business rule engine, accounting system, and a customer self-servicing app. Cloudbankin aims to expand its reach by partnering with more financial institutions and developing solutions for digital banking, personalized financial management, and risk assessment.

Related News

Banks back status quo on co-lending

Economic Times

Economic Times · 1m ago

Banks back status quo on co-lending

Banks have approached the Reserve Bank of India (RBI) seeking continuation of the existing co-lending model with non-banking finance companies (NBFCs). The RBI's draft guidelines propose modifying the model to have banks and NBFCs jointly originate and disburse loans, instead of NBFCs originating loans independently. Banks argue for retaining flexibility with both models, as the current model allows them to selectively fund loan portfolios, thus maintaining liquidity and efficiency.

Listed fintechs feel the pinch of lenders going slow on unsecured lending

Economic Times

Economic Times · 2m ago

Listed fintechs feel the pinch of lenders going slow on unsecured lending

A slowdown in unsecured loan disbursals by banks and NBFCs has impacted fintech firms like Paytm, MobiKwik, and Paisabazaar. These companies, focusing on digital loan sourcing, are shifting towards secured lending and core payments to counter the slowdown. Revenue growth from financial services has decelerated, with fintechs now collaborating with lenders primarily for tech products rather than loan sourcing. Regulatory guidelines have further tightened their revenue channels, affecting their growth dynamics.

Lending startup Optimo Loan raises $10M led by Blume, Omnivore

IndianStartupNews

IndianStartupNews · 1y ago

Lending startup Optimo Loan raises $10M led by Blume, Omnivore

Optimo Loan, a small business lending startup in India, has raised $10 million in its first equity fundraise. The funds will be used to expand its micro, small, and medium enterprises (MSME) lending portfolio, enhance technology, and widen its presence in rural India. Optimo Loan uses a unique underwriting method to provide tailored financial solutions to MSMEs, aiming to address the significant credit gap in this sector. The company differentiates itself by supporting rural businesses and leveraging co-lending agreements with banks and NBFCs.

Easymytrip founder’s new lending venture Optimo Loan secures $10 million in funding

Economic Times

Economic Times · 1y ago

Easymytrip founder’s new lending venture Optimo Loan secures $10 million in funding

Optimo Loan, a lending startup focused on small businesses, has raised $10 million in its first equity fundraising round. The funds were secured from investors Blume and Omnivore, as well as Prashant Pitti, the founder of Easemytrip. Optimo aims to address the significant credit gap in MSME lending in India, estimated at $530 billion, by utilizing technology and a blended distribution model. The company plans to establish an asset-light business by partnering with banks and larger NBFCs to offer co-lending services to MSMEs.

Adani Group’s Super App Rolls Out Digital Lending Pilots With Fintechs, NBFCs

Inc42 · 1y ago

Adani Group’s Super App Rolls Out Digital Lending Pilots With Fintechs, NBFCs

The Adani Group has launched a pilot project on its superapp Adani One in collaboration with digital lending firms and NBFCs. Adani Digital Labs, a digital arm of Adani Enterprises, has partnered with KrazyBee Services, a NBFC arm of digital lending firm KreditBee, to provide personal loans. Adani Digital will serve as a lending service provider while KrazyBee will handle the loan disbursement ranging from INR 1,000 to INR 5 lakh.

Public sector banks eye fintech tie-ups for MSME loans

Economic Times

Economic Times · 5m ago

Public sector banks eye fintech tie-ups for MSME loans

Large public sector banks are partnering with fintech startups to boost lending to micro, small, and medium enterprises (MSMEs), following government efforts to accelerate credit flow to this sector. The partnerships aim to overcome traditional lending challenges and leverage fintechs' digital capabilities for more efficient loan management. These co-lending arrangements involve banks taking 80% of a loan, while fintechs, sourcing and underwriting the customer, take the remaining 20%. The focus is on supply chain finance and trade financing.

New RBI co-lending rulebook tightens risk-sharing, reporting for co-lending, scraps double KYC

YourStory

YourStory · 2d ago

New RBI co-lending rulebook tightens risk-sharing, reporting for co-lending, scraps double KYC

The Reserve Bank of India (RBI) has introduced new standalone directions for co-lending, effective January 1, 2026. The guidelines apply to commercial banks and NBFCs, excluding specific small-scale banks, emphasizing risk-sharing and consumer safeguards. Key changes include eliminating double KYC checks and requiring entities to report their loan exposures individually. The rules aim to curb credit risk offloading and enhance transparency, with mandatory reporting and borrower protection measures to standardize co-lending practices.

Chennai-based lending startup CloudBankIn raises ₹3 crore

Inshorts · 2y ago

Chennai-based lending startup CloudBankIn raises ₹3 crore

CloudBankIn, a digital lending software firm based in Chennai, has secured $400,000 (approximately ₹3 crore) from angel investors, including Upekkha and Kube VC. The funding will be utilized by the startup to develop pluggable integrations for various financial products such as business loans, housing loans, gold loans, and personal loans. Ramanathan RV, the CEO of Hyperface, also participated in the funding round.

RBI’s hardening cautionary stand on unsecured lending and its impact on the larger market

Economic Times

Economic Times · 1y ago

RBI’s hardening cautionary stand on unsecured lending and its impact on the larger market

The Reserve Bank of India's cautionary stance on unsecured lending is expected to slow down the securitisation of loans by non-banking finance companies (NBFCs). This could impact the tech-enabled NBFCs, as banks become more cautious while dealing with them. The RBI has raised the risk weightages of unsecured credit, creating concerns in the lending ecosystem. The governor has emphasized the need for banks and NBFCs to be careful in relying solely on technology for underwriting customers and to calibrate customer underwriting models considering changing macroeconomic conditions.

How Credgenics Is Using AI & ML To Help Banks & FIs Improve Debt Collection By 25%

Inc42 · 1y ago

How Credgenics Is Using AI & ML To Help Banks & FIs Improve Debt Collection By 25%

Indian debt collection software market is expected to grow at a CAGR of 9.18% from $190.78 billion in 2023 to $296.08 billion in 2028. Credgenics, an AI-focused digital collections platform, aims to help banks, NBFCs, fintechs, and ARCs manage risks in loan collections. Founded in 2019, the startup handles 11 million retail loan accounts and claims increased resolution rates by 20% and improved collections by 25%. Credgenics raised $50 million in a Series B round led by Westbridge Capital and aims to onboard more clients from the public sector.

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