Cloud Lending Solutions and BDO Solutions have joined forces to bring their non-bank online lending platform to East Africa and the Indian Ocean.

The alliance accords an opportunity to extend the Cloud Lending suite of software-as-a-service (SaaS) applications to micro finance institutions. The solution offers servicing, collections and reporting capabilities, underwriting and origination bringing efficient resolution to manage loan portfolios, rapidly bring new products and increase transaction volume to evolving markets.

“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. Cloud Lending’s innovative lending solutions will help foster that momentum by opening up the economic promise that entrepreneurs in our communities desperately need,” Sandeep Khapre, managing partner, BDO East Africa explained.

Communities will be able to confront local and regional/global challenges with BDO solutions, which aggregates industry insight with relevant local knowledge.

Snehal Fulzele, CEO of Cloud Lending Solutions added that: “By partnering with BDO Solutions, we’re able to unlock limitations on capital placed by brick-and-mortar institutions in the developing world. 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 is a firm of accountants, business consultants, system integrators and also part of a network of accounting professionals in the world.

Cloud Lending Inc., a global cloud infrastructure company, offers a suite of SaaS applications that manages loan portfolios and brings new products to market for non-bank financial institutions all over the world.

Featured Image: Cloud Lending

Olumuyiwa Coker Author

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