Home FinTech Lendingkart secures $10 million in external commercial borrowing from BlueOrchard

Lendingkart secures $10 million in external commercial borrowing from BlueOrchard

The money will be used for future loan efforts for MSMEs

by The Founder
0 comment 20 views

Lendingkart has raised $10 million through external commercial borrowing from a fund run by BlueOrchard, a major global impact investment manager and member of the Schroder Group. The money will be used for future loan efforts for MSMEs.

Speaking in this regard, Harshvardhan Lunia, Founder and CEO, Lendingkart Group, said, “At Lendingkart, we see this investment as a testament to our unwavering dedication to support Indian MSMEs. It is a validation of our mission to democratise access to finance and champion entrepreneurship. We are not just facilitating growth, but are also empowering the backbone of our economy. As an MSME finance specialist, Lendingkart will continue to support small and micro businesses to flourish, create jobs, drive economic development, and foster entrepreneurship, thereby contributing to overall socio-economic progress.”

Established in 2014 by Lunia, Lendingkart operates from offices located in Ahmedabad, Bengaluru, Mumbai and Gurugram, with nationwide service coverage.

Utilising big data analysis and Machine Learning (ML) algorithms, this fintech firm has crafted innovative technology tools. These tools enable lenders to assess the creditworthiness of borrowers efficiently and offer a range of finance-related services.

You may also like

Leave a Comment

About Us

We are a dedicated team of passionate entrepreneurs, storytellers and innovators. We understand the drive, ambition and challenges founders face, because we are founders ‘ourselves.’

Feature Posts

Newsletter

Follow Linkedin Newsletter to receive latest news & events updates. Let’s stay updated!

Subscribe on LinkedIn
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00