Software firm Kuliza has raised funding worth $3 million led by Silicon Valley-based venture capital company Emergent Ventures. The firm is planning to invest the raised capital in Research & Development for its flagship product Lend.in.
“Our revenue and paying customers will enable us to strategically increase our global footprint,” said Kaushal Sarda, Chief Executive Officer, Kuliza.
“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” added Aparna Sharma, Co-Founder and Chief Operating Officer, Kuliza.
Unravelled in 2006, Kuliza began its operations as a web, social and mobile app development firm. It now offers digital transformation solutions across financial enterprises. The company quotes to have accomplished over 120 digital transformation projects for startups and enterprises across the world. In 2013, it raised funding from Blume Ventures in 2013.
Its prime client base comprises of Aditya Birla Finance, HDFC Life, Coverfox, Capital First, Birla Sun Life Mutual Fund and UTI Mutual Fund.
The company unveiled its lending product Lend.in in 2017. It now claims to have processed over a billion dollars worth loans through the product.
“We see great potential in Kuliza which has established a strong foundation for rapid and sustainable growth. Their products are driving significant value for their customers and Kuliza is capturing market share from incumbents” said Ankur Jain, Founder, and Partner, Emergent Ventures.