CloudBankin Expansion Stage LightFi India Private Limited Shopify for Digital Banking

fintech-financial-services

Employees

101-500

Branch/Offices Locations

Chennai

Incorporated at

India , 2008

Corporate Office

Chennai

Platform
888vc
Updated: 25 Nov' 2024
Approved: 25 Sep' 2024
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Product Video

Product Description

We help Banks and FIs to acquire customers digitally in a branchless manner for a diverse range of financial products by providing a low code platform, that enables Complex workflows, Dynamic underwriting processes, Pluggable API integrations


Startup Description

A leading venture capital firm based in Chennai, India. This substantial commitment validates our business model and underscores our potential. A Low-code Orchestration platform that enables: *Complex workflows *Dynamic underwriting processes *Pluggable API integrations


Product Screenshots


Business Model

CloudBankin generates revenue by charging 20-40 basis points on Assets Under Management (AUM) and $0.5 per loan application. For example, a bank managing $120 million of AUM and processing 150,000 applications would generate $300,000 in revenue for CloudBankin.


Customers based in

India, Southeast Asia

Business Modal Type

SaaS

Type of Sales

B2B

Competitors

BackBase, Lentra, M2P.

Teams

Rajah

CRO

Alex Anto Navis

CTO

Mani Parthasarathy

Co-Founder

Tell us a bit about how founding team knows each other.

We both know each other for the past 20 years where we all studied together in one of the reputed institutions Madras Institute of Technology, Chennai.

Why did you decide to start this company?

We launched CloudBankin after learning that over 1,000 lending institutions use outdated systems and neglect customer experience, with less than 1% offering proper onboarding.

Are all the founders full-time on this project?

Yes

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