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Lendingkart: Banking on small-town enterprises

Lendingkart has made the lending process easy for SMEs, but lack of adequate quality data will be a challenge

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Start-up Corner

Gireesh Babu 



If you run a small business in a remote village what are your options for raising working capital? The nearest bank or non-banking financial company (NBFC), perhaps. Now, with a smartphone and a credible transaction history, a loan of up to Rs 10 lakh could come to you wherever in the country you are.

That is the service offered by Lendingkart, an online lending start-up to small and medium enterprises (SMEs). Started in 2014 by Harshvardhan Lunia and Mukul Sachan, the company has issued about 3,000 loans in 135 cities in 22 states. Every 30 seconds its website is connected to an SME for a ...

First Published: Sun, August 07 2016. 23:31 IST
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