Thought Leaders in Financial Technology: Snehal Fulzele, CEO of Cloud Lending (Part 4)

Sramana Mitra: How do you charge? Snehal Fulzele: We have a stack of business models. It’s a flat fee per user per month. It depends on how many modules they purchase because we offer an entire end-to-end lending suite which covers not only origination, but along with that, we also cover underwriting. This is true

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Thought Leaders in Financial Technology: Snehal Fulzele, CEO of Cloud Lending (Part 3)

Sramana Mitra: One thing that I find curious is that you have 85 customers and they are all online lenders. How many online lenders are there right now? Snehal Fulzele: We are a global company. Half of our customers are in the US. It started in the UK and US, and we are seeing a

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Thought Leaders in Financial Technology: Snehal Fulzele, CEO of Cloud Lending (Part 2)

Snehal Fulzele: Let’s take a use case. Many of our customers are online lenders or online fintech lenders. If I were to give you a simplified use case, we have a bunch of customers who do online small business lending. As a small business owner, you go to a website perhaps on a mobile phone

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Thought Leaders in Financial Technology: Snehal Fulzele, CEO of Cloud Lending (Part 1)

You’ve read our coverage of online lending vendors like Kabbage, OnDeck, Lending Club, etc. Here, we cover a story of how ALL online lending vendors (including banks) will soon become much more customer-centric, equipped with technology for fast decision-making and rapid processing of loan applications. Important trends in the industry.

Thought Leaders in Financial Technology: Matt Oppenheimer, CEO of Remitly (Part 2)

Sramana Mitra: Is there a demographic categorization where you’re winning more? Is there an income bracket or are you seeing it more in an age group? What I’m trying to get at is which part of the population is adopting this kind of mobile money transfer? Matt Oppenheimer: There isn’t just one segment of age or

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Thought Leaders in Financial Technology: Matt Oppenheimer, CEO of Remitly (Part 1)

International money transfer is on its way to becoming a contactless workflow. It’s still early in terms of adoption, but the handwriting is on the wall. Sramana Mitra: Let’s have you introduce yourself as well as Remitly to our audience. Matt Oppenheimer: I’m the Founder and CEO of Remitly. Sramana Mitra: Tell us about Remitly. Matt

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Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 7)

Sramana Mitra: What did American Express do with it? Did they keep the card? Since 2009 on to 2015, what happened in the business? Jason Hogg: American Express actually created Serve, which is their reloadable prepaid product. We were also, at that time, early in the mobile and smartphone game with money transfer and other transaction

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Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 6)

Sramana Mitra: Chronologically, where are we? What year is this? Jason Hogg: We’re midway through 2007. I’ve done my raise in 2006. In 2007, we had gotten the customer base that I was just describing to you both on the credit card and the peer-to-peer side. We completed a $50 million B round at that

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