The funding will help Kuliza accelerate research and development (R&D) efforts for its flagship product, Lend.in, and assist its customers and partners better, it said in a statement.
“Kuliza has witnessed a massive growth in the last few quarters. Our product team has also grown by over 150 percent 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,” Kuliza Technologies co-founder and chief operating officer Aparna Sharma said.
Gaurav Jain, Chief Technology Officer, Kuliza Technologies, added, “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.”
Founded in 2006 by Aparna Sharma and Anand, Kuliza enables backend operations for lending and insurance service providers and banks. The company claims to have executed more than 120 digital transformation projects for global startups and global enterprises.
It launched its flagship product Lend.In in 2017. As of today, over a billion dollars worth of loans have been processed by leading financial enterprises using Lend.In, the company said.