Cloud Lending Solutions and BDO Solutions Join Forces to Expand the Power of Non-bank Lending Globally

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Strategic Alliance to Deliver Cloud Lending’s World Class Non-bank Lending Platform in East Africa and the Indian Ocean

Cloud Lending Solutions, the only end-to-end lending platform built natively on salesforce.com, today announced a strategic agreement with BDO Solutions to bring the company’s non-bank online lending platform to East Africa and the Indian Ocean.

Nearly three billion individuals, entrepreneurs and small businesses worldwide are often shut out from traditional banks when trying to secure microfinance funding. The alliance with BDO Solutions offers a significant opportunity to expand Cloud Lending’s suite of software-as-a-service (SaaS) applications to microfinance institutions (MFIs). The platform includes origination, underwriting, servicing, collections and reporting capabilities bringing an efficient solution to manage loan portfolios, increase transaction volume and rapidly bring new products to developing markets.

“By partnering with BDO Solutions, we’re able to unlock limitations on capital placed by brick-and-mortar institutions in the developing world,” said Snehal Fulzele, CEO of Cloud Lending Solutions. “Our suite of cost-effective and flexible solutions brings financial institutions a core banking solution that leverages the cloud, social, mobile and analytics to bring lending opportunities to these communities.”

BDO Solutions combines industry insight with relevant local knowledge, empowering communities to confront local, regional and global business challenges.

“Across East Africa and the Indian Ocean, individuals, small businesses and communities alike are looking to tap into financial opportunities to create self-sufficient futures,” said Sandeep Khapre, managing partner, BDO East Africa. “Cloud Lending’s innovative lending solutions will help foster that momentum by opening up the economic promise that entrepreneurs in our communities desperately need.”

Cloud Lending Solutions and BDO Solutions will announce their alliance and joint efforts with a road show in Nairobi, Kenya starting March 23, 2015.

About Cloud Lending Solutions
Cloud Lending Inc. is a global cloud infrastructure company that offers a suite of SaaS applications that efficiently manages loan portfolios, increases transaction volume, and rapidly brings new products to market for non-bank financial institutions all over the world. Our lending solutions are built natively on the salesforce.com platform so customers can safely and confidently utilize cloud technology to significantly lower costs, generate greater revenue and outperform their competitors. For further information and to see how we can help you, please reach us at info(at)cloudlendinginc(dot)com or on our website http://www.cloudlendinginc.com.

About BDO Solutions
BDO Solutions is a firm of Accountants, Business Consultants and System Integrators and it is part of the fifth largest network of accounting professionals in the world. BDO Solutions has a network of offices in the Indian Ocean and in East Africa, namely in Mauritius, Madagascar, Seychelles, Kenya, Uganda, Tanzania, Ethiopia, Rwanda and Burundi. BDO Solutions offers Consulting, System Integration, Infrastructure, IT Audit, Data Analysis and Outsourcing services.

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Anna Vaverka
MSLGROUP
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