Bengaluru-based software development company Kuliza has raised ₹21 crores ($3 million) in a funding round from Emergent Ventures. The Silicon Valley-based Private Equity firm Emergent Ventures is an active investor in category-defining enterprises and technology businesses across the glove.
“We are excited to partner with Emergent Ventures and with this financial backing, we will continue to propel product innovation and transform lending for financial enterprises worldwide with our low-code platform, Lend.In. Our research and development team will achieve a new level of excellence. Our revenue and paying customers will enable us to strategically increase our global footprint, in this chapter of our growth story” said Kaushal Sarda, Chief Executive Officer, Kuliza.
The tech firm will use the funds to fuel its Research and Development (R&D) for its flagship product Lend.in and also boost its customer satisfaction initiatives. Founded in 2006 by Anand Kuliza and Aparna Sharma, Kuliza is a web and mobile app development company that aims to craft rapid, end-to-end solutions in planning, designing, building and enhancing apps for complex business challenges.
Aparna Sharma, Co-Founder and Chief Operating Officer, Kuliza Technologies said, “Kuliza has witnessed a massive growth in the last few quarters. Adding several new global financial enterprise logos is a testament to our flagship product Lend.In. Our product team has also grown by over 150% to serve our growing base of customers. We are glad to have a partner like Emergent Ventures which will pave the way to making Kuliza as the preferred transformation partner of global financial enterprises”
Gaurav Jain, Chief Technology Officer, Kuliza Technologies said that “We have established a set of milestones that we seek to achieve in the coming few months. With regards to product innovation, we are looking at advancing towards a No-Code platform for financial enterprises. We will also focus on building a business user-driven lending system with unit intelligence.”
Kuliza launched its flagship product “Lend.in” in 2017 and in a very short span of time, the low code platform became the proven choice for lending enterprises. As of today, over a billion dollars worth loans have been processed by leading financial enterprises using Lend.In.
The organization has also strengthened its leadership team and domain expertise by on-boarding leaders like Mr Gangadharan Unni Kartha, Ex Global Delivery Head – Digital Payment Systems for Gemini Software and Mr Vaijinath MG, Ex-Chief General Manager of State Bank of India.