Fintech Startup Lendingkart Expected to Disburse Rs 1,600 Cr Loan By 2017 End
Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said.
The company, which caters to small businesses generating revenues of Rs 1-15 lakh per month, disburses loan through digital channel, Lendingkart Group Co-Founder and CEO Harshvardhan Lunia said.
"As a platform that leverages the power of mobile and web technologies, we have no geographical constraints. We have disbursed loans of Rs 400 crore since inception in 2014. In next one year, we are looking at a growth of four times at Rs 1,600 crore," Lunia said.
Simple processes and flexible offerings make it a lender of choice, hence a multi-fold growth ov...