Tuesday, October 16, 2018

Cloud Lending Now Part Of Q2 Holdings

San Mateo-based Cloud Lending, a developer of lending and leasing software, is now offiially part of e-banking software developer Q2 Holdings, Q2 said this morning. Q2 is based in Austin, Texas, and had announced the acquisition back in August. Financial details of the acquisition have not been annoucned. Cloud Lending was based in San Mateo, California. Q2 said the acquisition will enhance its ability to deliver digital solutions to financial institutions, alternative finance and leasing companies. Cloud Lending's CEO was Snehal Fulzele. The company was venture backed by Cota Capital.