Image by Raghavendra Rao
- By Shritama Saha
Founded in 2014 by Harshvardhan Lunia, Indian digital assembly fintech lender Lendingkart utilises a data-powered credit analysis system to facilitate online loans, aiming to improve accessibility in small business lending. The company's proprietary underwriting mechanism utilises big data and analytics to evaluate the creditworthiness of borrowers.
The company has so far disbursed over $1 billion in loans in over 1300 cities in the country, especially in Tier 2 and Tier 3 cities. The company, which recently reported its first-ever profits, a sum of Rs 118 crore, with total revenues reaching Rs 850 crore in FY23, specialises in providing unsecured business loans to micro, small, and medium-sized enterprises (MSMEs).Â
The fintech company is backed by Bertelsmann India Investments,
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Shritama Saha
Shritama (she/her) is a technology journalist at AIM who is passionate to explore generative AI with a special focus on big techs, database, healthcare, DE&I, hiring in tech and more.
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