Forward Financing Names New Chief Technology Officer

February 5, 2024 | Company News

February 5, 2024 – Forward Financing is excited to welcome Raj Kolluri as its Chief Technology Officer (CTO).

Kolluri brings more than 25 years of invaluable experience, with over 15 in the fintech space. He joins Forward from Amount, a digital software development organization, where he was most recently CTO. Prior to that, Kolluri was CTO of Linear Financial Technologies and a founding member of ODX, a subsidiary of OnDeck, an online small business lending company for which he oversaw the build of a highly scalable SaaS platform.

“We are thrilled to have Raj join our team. He has a proven track record of innovation and a deep understanding of our mission to support small businesses,” says Justin Bakes, Forward’s Co-Founder & CEO. “We are confident he will play a pivotal role in steering our tech endeavors to new heights.”

At Forward, Kolluri will be responsible for overseeing engineering, product management, project management, information security, and enterprise technology.

“I’m proud to be joining an organization that is dedicated to harnessing technology for the betterment of the underserved,” expresses Kolluri. “I eagerly anticipate collaborating with the exceptionally talented individuals who are leaving a significant mark on the small business community.”

Kolluri has a Master’s in Computer Science from George Mason University and an MBA from University of Maryland, College Park.


Forward Financing is a Boston-based financial technology company that provides fast, flexible capital to small businesses nationwide that have been long underserved by traditional financing options. Forward offers revenue-based financing – delivering an upfront sum of working capital in exchange for a fixed percentage of the business’s future revenue. By simplifying the requirements, streamlining the process, and using advanced proprietary technology, Forward is able to deliver approvals within minutes and funding within hours — giving more businesses the financial opportunity they need to thrive. Plus, with their dedicated teams and award-winning service, customers get personalized support when they need it most.

Since 2012, Forward has expanded Main Street’s access to capital by providing over $2.4 billion in funding to more than 55,000 small businesses. The company is A+ rated by the Better Business Bureau, with an Excellent / 4.8 stars rating on Forward is also recognized as a Best Place to Work by the Boston Business Journal and Built In Boston, certified as a Great Place to Work®, and is committed to helping their people and the small businesses they serve to achieve their full potential.