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Cloud Lending

acquired by Q2 Holdings, Inc.

San Mateo, US · Founded 2014 · Delaware corporation · 2 known investors

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Acquired by Q2 Holdings, Inc. August 2018 · terms undisclosed · source ↗

Cloud Lending built a Salesforce-native SaaS platform enabling banks, credit unions, and alternative lenders to manage loan and lease origination, underwriting, servicing, and collections end-to-end.

Founders & leadership

Cloud Lending was founded in 2014 by SNEHAL FULZELE and DARPAN SAINI.

SF
SNEHAL FULZELECo-founder
DS
DARPAN SAINICo-founder
IF
ILEANA FALTICENIExecutive
SL
STEVE LANCEExecutive
SB
Shilpa BadadareExecutive

Board

NW
NEIL WOLFSONBoard director
JK
JUSTIN KORSANTBoard director
LF
LOUIS FORSTERBoard director
BY
BABAK YAZDANIBoard director

Investors · 2

EPIC VENTURESlisted by EPIC VENTURESSalt Lake City

How we know: EPIC VENTURES's portfolio page · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$6.5M disclosed across 2 rounds · 2014–2017

▶$6MraisedFeb 2017 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • NEIL WOLFSONDirector
  • SNEHAL FULZELEExecutive Officer, Director
  • JUSTIN KORSANTDirector
  • LOUIS FORSTERDirector
  • DARPAN SAINIDirector
  • ILEANA FALTICENIExecutive Officer
  • BABAK YAZDANIDirector
  • STEVE LANCEExecutive Officer
Offering amount
$6M
Amount sold
$6M
First sale
Jan 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$500KraisedAug 2014 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Shilpa BadadareExecutive Officer, Director
Offering amount
$900K
Amount sold
$500K
First sale
Jul 2014
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does Cloud Lending do?
Cloud Lending built a Salesforce-native SaaS platform enabling banks, credit unions, and alternative lenders to manage loan and lease origination, underwriting, servicing, and collections end-to-end.
Who founded Cloud Lending?
Cloud Lending was founded by SNEHAL FULZELE, DARPAN SAINI in 2014.
Who are Cloud Lending's investors?
Cloud Lending's investors include Cota Capital, EPIC VENTURES.
How much funding has Cloud Lending raised?
Cloud Lending has disclosed $6.5M raised across 2 rounds.
Who acquired Cloud Lending?
Cloud Lending was acquired by Q2 Holdings, Inc..
Where is Cloud Lending headquartered?
Cloud Lending is headquartered in San Mateo, US.