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Bankers, investors and analysts stop short of declaring a bubble. But the fintech startup and investor fields are getting crowded, and there's bound to be a culling of the herd.
September 28 -
A deal between two major fintech players to provide core processing hosted in the cloud raises the question of when U.S. banks will feel comfortable putting their most important data on publicly shared computers.
July 14 -
Recent studies show financial services companies increasingly use cloud services. But behind the numbers, there are a range of attitudes toward cloud computing, from warm embrace to full-on paranoia.
March 6
Cloud Lending Solutions, a technology provider to marketplace lenders and other finance companies, announced that it has raised $8 million in venture funding.
The startup said the fundraising round was led by SF Capital Group, a New York-based "family office" serving very wealthy investors. Neil Wolfson, the president of SF Capital Group, will join Cloud Lending Solutions' board of directors.
Also investing in the company were the venture capital firms Cota Capital and Long Light Capital. Two earlier investors, Green Visor and Epic Ventures, made additional investments, according to Cloud Lending Solutions' press release.
Cloud Lending Solutions' fundraising is the
The company, which has offices in San Mateo, Calif., and Bangalore, India, sells applications that marketplace lenders use to put their back-office systems in the cloud.
Lending platforms that use the firm's technology include Carlsbad, Calif.-based Dealstruck, which runs a small-business loan marketplace, and Harmoney, a consumer loan site in New Zealand.
Cloud Lending Solutions, which was founded in 2012, also sells its technology to traditional financial institutions. The firm says that it has more than 75 customers in more than 20 countries.
