Cloud Lending Solutions has received an undisclosed investment from Dutch bank ABN AMRO from its digital impact fund.
The FinTech company provides a cloud-based lending platform and has a client base made up of banks, credit unions, traditional finance companies and online lenders.
ABN AMRO says the platform will help them go to market faster.
Hugo Bongers, Director of the Digital Impact Fund says, “Our investment in Cloud Lending Solutions meets the criteria of ABN AMRO’s Digital Impact Fund. CLS has a strong management team, a broad and innovative product portfolio, and a proven track record.”
“With Cloud Lending Solutions’ robust worldwide growth, they will be able to utilize our investment to further their global expansion.”
ABN AMRO has used the fund previously to invest in Swedish FinTech company Tink, which develops an app to help people make better financial decisions.
Copyright FinTech Global 2017
