Lendingkart Finance, a digital lending platform for small and medium enterprises (SMEs) in India, has raised US $7.8 million (INR 50 crore) in debt funding from YES Bank, India’s 4th largest private sector bank. The funds will be utilised to further build the loan book as Lendingkart ex…
Tag: Lendingkart Group
Budget2017: A wishlist from India’s start-up entrepreneurs
This year’s Budget to be announced next month is expected to be a big one for startups which are reeling under the impact of demonetisation. The government may announce a string of initiatives to support them, including widening of the tax-free regime to five years from three years and faster pro…
Lendingkart expects to disburse Rs 1,600 cr loan for SMEs
Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said. The company, which caters to small businesses generating reven…
Lendingkart Finance expands to 462 cities, aims to cover 10k SMEs
Lendingkart Finance, the NBFC (non-banking finance company) of Lendingkart Group, a leading online platform that facilitates SMEs (small and medium enterprises) to obtain working capital loans, has expanded its reach to 462 cities across the country. Disbursing over 6,500 loans in small towns and…