Lendingkart, India’s leading financial technology company today announced disbursement of loans worth $ 1 Billion empowering 1.3 lakh MSMEs across India since the commencement of its operations. As the largest digital lending/NBFC pioneering speedy, convenient, and collateral free MSME financing, Lendingkart’s digital orientation, evaluation, servicing, and technological capabilities has enabled credit access to over a million MSMEs.
Commenting on the milestone, Mr Harshvardhan Lunia, Co-founder and CEO at Lendingkart said, “Since inception, Lendingkart has been committed to strengthen financial inclusion in the country making working capital loan more accessible to MSMEs across India. Through continued investments in robust technological innovations to digitize the lending ecosystem and successful partnerships, the company has successfully disbursed loans to 130K+ MSMEs worth US$1 Billion. With this development, the company consolidates its presence as a market leader in the MSME lending setting new milestones and industry first innovations having achieved $ 100 Million on platform business. As we move ahead, we will continue to optimize our tech platforms to explore the unexplored and support Indian MSMEs with their evolving needs.