Lendingkart has announced a co-lending partnership with Tata Capital to provide business loans to Micro, Small and Medium Enterprises (MSMEs), the companies said in a joint statement.
Commenting on the partnership, Harshvardhan Lunia, Founder and CEO, Lendingkart, said, “Our goal is to enhance credit penetration and make financing accessible and easier for MSMEs. This partnership will help us address the critical financing requirements of underserved businesses and drive greater operational efficiencies. We look forward to collaborate with Tata Capital to leverage its wide network with our platform and technology.”
Lendingkart Finance, through it SaaS platform- “2gthr”, will oversee the complete customer journey, including application initiation, efficient underwriting, disbursal processes and seamless collections management. This partnership aims to enhance nation-wide credit access for MSMEs through ‘2gthr’ platform.
Vivek Chopra, COO – Retail Finance, Tata Capital, said in the statement, “Tata Capital’s partnership with Lendingkart reflects our dedication to collaborative growth. This strategic initiative will empower MSMEs to capitalise on emerging opportunities and drive comprehensive business expansion.”