Non-banking finance company (NBFC) and lending tech startup Lendingkart raised INR 50 crore in a debt funding from InCred Capital and Yubi.
Lendingkart has developed big data and machine learning-based technologies to assist lenders in determining the creditworthiness of borrowers and, in response, provide supplementary services to them. The startup will use the funds to provide small and medium-sized enterprises with on-lending business loans. Over 1.40 lakh loans, according to Lendingkart, have been given to more than 1.2 lakh MSMEs in India. Additionally, it asserts that it has provided services in more than 4000 Indian cities.
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Non-banking finance company (NBFC) and lending tech startup Lendingkart raised INR 50 crore in a debt funding from InCred Capital and Yubi.
Lendingkart has developed big data and machine learning-based technologies to assist lenders in determining the creditworthiness of borrowers and, in response, provide supplementary services to them. The startup will use the funds to provide small and medium-sized enterprises with on-lending business loans. Over 1.40 lakh loans, according to Lendingkart, have been given to more than 1.2 lakh MSMEs in India. Additionally, it asserts that it has provided services in more than 4000 Indian cities.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
