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Kuliza Raises 3 Million USD Funding From Silicon Valley Private Equity Firm Emergent Ventures to Drive Product Innovation

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Kuliza, a leading software company, announced today that it has received 3 million USD funding led by Emergent Ventures, an active investor in category-defining enterprises and technology businesses across the globe. This funding will help Kuliza fuel R&D for its flagship product – Lend.in and assist its customers and partners better.

We are excited to partner with Emergent Ventures and with this financial backing, we will continue to propel product innovation and transform lending for financial enterprises worldwide with our low-code platform, Lend.In. Our research and development team will achieve a new level of excellence,” said Kaushal Sarda, Chief Executive Officer, Kuliza. He also added, “Our revenue and paying customers will enable us to strategically increase our global footprint, in this chapter of our growth story.”

Aparna Sharma, Co-Founder and Chief Operating Officer, Kuliza Technologies, said that, “Kuliza has witnessed a massive growth in the last few quarters. Adding several new global financial enterprise logos is a testament to our flagship product Lend.In.” Our product team has also grown by over 150 percent to serve our growing base of customers.” She also mentioned that “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.

Gaurav Jain, Chief Technology Officer, Kuliza Technologies, said that “We have established a set of milestones that we seek to achieve in the coming few months. 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.

At Emergent Ventures, we are always looking for entrepreneurs who are on a rapid trajectory of personal growth, which in turn sets up their companies for sustained growth. 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. He mentions “Their culture, innovation and expertise gives us immense confidence about the organization. We are excited to partner with Kuliza in this new chapter.

Kuliza launched its flagship product ‘Lend.In’ in 2017 and in a very short span of time, the low code platform became the proven choice for lending enterprises. As of today, over a billion dollars worth loans have been processed by leading financial enterprises using Lend.In. In addition, the organization has strengthened its leadership team and domain expertise by on-boarding leaders like Mr. Gangadharan Unni Kartha, Ex Global Delivery Head – Digital Payment Systems for Gemini Software and Mr Vaijinath MG, Ex-Chief General Manager of State Bank of India.

 

SOURCE Kuliza Technologies Private Limited

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i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences

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i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences

 

For some time now, Canara Bank, one of the leading public sector banks in India has been working with i-exceed for a successful digital transformation.

The bank started its digital transformation journey in 2017 by launching CANDI – India’s first truly digital banking branch that offers various banking services to the customers including instant digital on-boarding.

The next phase of digital transformation took place in the form of Omni-Channel Consumer Banking. Here, the bank wanted to provide a consistent user experience to its customers across all mobile and Internet channels.

i-exceed’s Appzillon Omni-Channel Consumer Banking proved to be the right fit for Canara Bank’s requirements because of its capabilities to function as a stand-alone system and also perfectly integrate with existing legacy systems. Customers can now use common credentials and access a unified beneficiary database, limits, etc. across different solutions offered by the bank. i-exceed’s offering also ensured quick time to market of all the project deliverables in an agile manner.

Omni-Channel Consumer Banking has been built using Appzillon Digital Experience Platform. A unique differentiator of the platform is its micro-app based architecture. It enables app developers to combine as well as customise micro apps from Appzillon Digital Repository to build complex apps much faster than other platforms in the market. Apps developed using Appzillon follow a ‘code once deploy anywhere’ approach that significantly reduces development and deployment effort for a wide range of environments (operating systems, browsers, and device form factors). The scalable architecture of the platform played an integral role in the app’s success as it could swiftly adapt to the large volumes of transactions taking place on Canara Bank’s Internet banking channel.

Recently, leading global FinTech-focused analyst firm IBS Intelligence recognized i-exceed at the Global FinTech Innovation Awards for ‘Most Innovative Digital Banking Implementation’ at Canara Bank.

S Sundararajan, Executive Director at i-exceed commented, “We are proud to be associated with Canara Bank for almost three years in their digital transformation endeavours. We are very excited to partner with them on their multiple digital initiatives as they become a digital-first bank. We wish Canara Bank all the best in their initiatives and look forward to our continued engagement as there is a tremendous opportunity to bring more customers to perform all their transactions digitally.”

SOURCE i-exceed technology solutions

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Ping An Completes First Venture Investment in India to Enhance Auto Services Ecosystem

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Ping An Insurance (Group) of Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that Ping An Global Voyager Fund, its overseas investment arm, has led a US$70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. This is Ping An’s first venture investment in India.

CarDekho Group, founded in 2008, is one of India’s leading autotech companies. It has successfully digitized the auto ecosystem in India and is aggressively pursuing the vision to own the personal mobility space by helping customers across their entire car buying and ownership journey. CarDekho Group currently has operations in IndiaIndonesia and Philippines and operate leading Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, InsuranceDekho.com and PowerDrift.com.

Based in ChinaPing An is one of the world’s largest financial services companies. Ping An has been investing heavily in technology and building five ecosystems covering financial services, health care, auto services, real estate services, and smart city services. The Group is the majority shareholder of China’s largest auto portal Autohome (NYSE: ATHM).

“Auto services are a core component of Ping An’s ‘finance + ecosystem’ strategy, reflected in our majority shareholding in Autohome in China. We have been extremely impressed with the business CarDekho has built in India, particularly its success in developing different types of financial services offerings to address car buyers’ needs,” said Donald Lacey, Managing Director and COO of the Ping An Global Voyager Fund. “The Global Voyager Fund’s stake in CarDekho represents Ping An’s first venture investment in India, and we are delighted to partner with an organization of CarDekho’s caliber.”

“It’s a matter of great pride for us at CarDekho that Ping An is choosing us as their first Indian investment. As a leading full stack autotech company in India, we at CarDekho are committed to help consumers throughout their car buying journey. Our unique auto ecosystem provides us a competitive edge in reaching out to consumers and engage with them through our various transaction models at one platform. With the latest fundraise, we will continue to strengthen our domestic and international businesses and will aggressively work towards becoming the largest personal mobility player in the country,” said Mr Amit Jain, CEO and Co-Founder, CarDekho Group.

 

SOURCE Ping An Insurance Group Ltd.

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Broadridge Announces Pricing of $750 Million Senior Notes

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Broadridge Financial Solutions, Inc. (NYSE: BR) (“Broadridge”) today announced that it has priced $750 million aggregate principal amount of 2.900% senior notes due 2029 (the “Notes”) in an offering registered under the Securities Act of 1933, as amended.  Broadridge intends to use the net proceeds of this offering to repay the outstanding indebtedness under its revolving credit facility and for general corporate purposes.

J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp., TD Securities (USA) LLC. and U.S. Bancorp Investments, Inc. are acting as the joint book-running managers for the offering.

The Notes are being offered pursuant to an effective registration statement only by means of a prospectus and related preliminary prospectus supplement, copies of which may be obtained from: J.P. Morgan Securities LLC collect at 212-834-4533, BofA Securities, Inc. toll-free at 800-294-1322, Morgan Stanley & Co. LLC toll-free at 866-718-1649 and Wells Fargo Securities, LLC toll-free at 800-645-3751.

You may also visit www.sec.gov to obtain an electronic copy of the prospectus and related preliminary prospectus supplement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

 

SOURCE Broadridge Financial Solutions, Inc.

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