Software development startup Kuliza has raised $3 million in a venture round led by Silicon Valley-based Emergent Ventures. The Bengaluru-based startup will use the fresh capital in R&D for its two-year-old flagship product – Lend.in.
Notably, Kuliza was launched in 2006 and has only raised an undisclosed seed fund (excluding the latest round) from Blume Venture during the 13-year long journey.
A brainchild of Anand Kuliza and Aparna Sharma, Kuliza started off as a web, social and mobile app development firm. It provides digital transformation and operational intelligence solutions for financial enterprises by designing and building end-to-end intelligent digital lending platforms.
The startup claims to have executed more than 120 digital transformation projects for startups and enterprises across the globe. Coverfox, Aditya Birla Finance, HDFC Life, Capital First, Birla Sun Life Mutual Fund and UTI Mutual Fund.
Through Lend.in (formerly Digital Lending Suite or DLS), Kuliza has been able to increase the overall efficiencies of those financial institutions while decreasing the cost and go-to-market time for customers.
With a suite of products like collection management system, collection management system, credit engine, Lend.in claim to have processed over a billion dollars worth loans.
Appears like a full stack lending model, Lend.in provides home loan, personal loan, SME loan, supply chain finance, loan against property among others.
Last year the common investor in Kuliza – Blume and Emergent Ventures – had partnered to launch a B2B accelerator platform-cum fund called Arka Venture Labs.
Another Silico Valley-based venture Benhamou Global Ventures was also part of the program that is dedicated to providing seed and pre-seed capital of up to $200K for startups in the B2B genre along with mentorship, infrastructure, and access to the Silicon Valley ecosystem.
The development was reported by Inc42.