Lendingkart raises $15 Mn from Dutch Bank FMO to sustain post-lockdown momentum


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Ahmedabad-headquartered non-banking finance company (NBFC) and lending tech platform Lendingkart has raised $15 Mn from FMO, the Dutch entrepreneurial development bank. The deal marks an extension of Lendingkart’s three-year working relationship with the bank receiving funds through NCDs (non-convertible debentures) and increases its cumulative exposure to $19 Mn with this transaction.