Lendingkart

lendingsme financingcredit scoring

FOUNDING YEAR: 2014
LOCATION: India
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Lendingkart is a lending startup that provides small businesses & entrepreneurs access to working capital loans. It evaluates the creditworthiness of a customer’s business by leveraging big data & analytics. It also has another non-banking finance (NBFC) unit named Lendingkart Finance, which raises money from financial institutions & banks and lends it out to customers.

Focus

PRODUCTS & SERVICES

LendingKart offers collateral-free working capital and other business loans to small businesses. Users can apply for loans up to INR 2 Crore which is disbursed in a maximum duration of three days. The loans are disbursed via its subsidiary NBFC AadriInfin Limited.

REVENUE MODEL

The company earns a processing fee and interest based on risk profile of the borrower over every loan sanctioned.

MAIN CLIENTS

SMEs

EXISTING PARTNERSHIPS

The company’s main partners include Silver bank

Jiexin

Flash

Yinding

Blue Ocean

Sparkling Silver

Baojia

etc.

COMMENT

The company has in-house technology tools based on big data analytics and machine learning algorithms to evaluate its client's creditworthiness.

Traction

REVENUE COMMENT:

In FY 18, the company's revenue has grown to three times and it's consolidated revenue grew to Rs 91.8 crore last fiscal from Rs 35.6 crores in FY17. (Oct. 2018)

NUMBER OF TRANSACTIONS:

50 K in 2019

TRANSACTIONS COMMENT:

The company projects a turnover of Rs 225 crore for 2018/19. The total value of disbursal since inception is Rs 2,600 crore. (Mar 2019)

ACTIVE USERS COMMENT:

Lendingkart Finance has disbursed over 50k loans to more than 40k SMEs across 1300+ cities in India to till date. (Aug 2019)

TRACTION COMMENT:

The company claims that around 40 percent of its total loan book comprises borrowers from tier-II and tier-III cities while around 20 percent are from tier-IV and tier-V geographies. (Oct. 2018)

Momentum

FUNDED

YES

TOTAL FUNDING

$174.09 M

DATE OF LAST FUNDING

Jul 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund used towards growing our loan book and financing more MSMEs and also to widen its offerings globally. (July 2018)

FUNDING SERIES

SERIES A  · $10 M  · Jul 2015

SERIES B  · $32 M  · Jun 2016

SERIES C  · $87 M  · Feb 2018

SERIES D  · $42.13 M  · May 2020

OTHERS  · $2.95 M · Aug 2019

DEBT FUNDING

$11.45 M

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

India

Views:

490 VISITORS | 735 VIEWS
LATEST FUNDING ROUND

$174 M

TOTAL EMPLOYEES
501-1000

About

Lendingkart is a lending startup that provides small businesses & entrepreneurs access to working capital loans. It evaluates the creditworthiness of a customer’s business by leveraging big data & analytics. It also has another non-banking finance (NBFC) unit named Lendingkart Finance, which raises money from financial institutions & banks and lends it out to customers.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack