Outlook Money – 01.03.2018

Lendingkart is all about swift and

fast-paced loan disbursal to small and

micro enterprises, says Rimme Dirchi

S

mall and Medium Enterprises (SME) are often
considered to be the backbone of any thriving
economy. With advancement in technology, the
process of conducting businesses has become
swift and fast-paced. But availability of capital is often
a constraint for these companies. This especially holds
true for small businesses and trading hubs in rural areas
of India. Lendingkart, a fintech company born in 2014,
is attempting to solve this problem by providing working
capital needs to small and medium-sized enterprises by
offering fast and easy collateral-free loans with minimal
paperwork. “Lendingkart is financing SMEs with
speed and convenience, offering a quick and efficient
service against traditional financial institutions,” says
Harshvardhan Lunia, co-founder, CEO, Lendingkart.
Lendingkart is a non-deposit taking Non Banking
Financial Company (NBFC) that offers small businesses
short-term, small-ticket loans. “To make finance
available in a more seamless manner, the entire process
has been taken online, along with alternative credit
scoring mechanisms using documents which are easily
available with SMEs,’’ he says.
KPMG and H2 Ventures, in their 2017 Fintech 100
Global report, recognised Lendingkart Group as one of
the world’s top fintech innovators.
Lendingkart is a low-cost platform for loan disbursal
and the NBFC is working towards financial inclusion by
eliminating the credit gap that exists for MSMEs. “There
is an unmet demand of short term (up to 12 months),
small-ticket size (50,000–10 lakh) loans in SME sector.
We have built a comprehensive online lending institution
to help with working capital finance,” explains Lunia.

When Small Is Big

Harshvardhan Lunia,

CEO, Co-Founder

Name: Shvet Sanghvi, 25

Location: Kalupur, Gujarat

Company: Shrenik Enterprise

Business: Trader of plain and multi-layer laminated

packaging material. These pouches are used in various

industries, such as, food, agriculture and Pharma.

Loan size: Availed `6 lakh loan in September 2017

for business expansion

Funds are integral to any business venture and for

many new entrepreneurs, the need for capital is one of

the primary concerns. Hence, a business loan can be an

integral supplement for the company.

Bangalore-based Diwakara GS, 31, owner of home

Photo: SureSh miStry

Photo: DeePak g Pawar

80 Outlook Money March 2018 http://www.outlookmoney.com

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