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Lendingkart raises INR 75 Cr in debt to provide working capital loans to underserved MSMEs

Shortpedia

Content Team
Image Credit: economic times

Non-banking finance company (NBFC) and lending tech platform Lendingkart has raised INR 75 Cr in a debt funding round from GMO LLC and Triodos Investment Management. The fintech company plans to use the fresh funding to provide MSME loans across states. Credit decisions will be taken in a ‘live’ environment using its in-house loan origination engine xlr8 and zero-touch features.