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Lendingkart Finance raises USD 15 mn funding from Netherlands' FMO


Lendingkart Finance raises USD 15 mn funding from Netherlands FMO
Fintech firm Lendingkart on Tuesday said its NBFC arm, Lendingkart Finance has raised USD 15 million (about Rs 110 crore) in debt funding from the FMO - Dutch entrepreneurial development bank.
With this deal, Lendingkart strengthens its three-year relationship with the bank receiving funds through NCDs and increases its cumulative exposure to USD 19 million, a statement said.
This new influx of funds to Lendingkart will be utilised towards expanding the reach of financial products to the MSME segment through Lendingkart s digital platform, it added.
Lendingkart Group is financed by investors like Fullerton Financial Holding, Bertelsmann, Mayfield India, Saama Capital, Sistema Asia, India Quotient and others and has raised around Rs 1,050 crore in equity till date. The company has till now raised Rs 5,000 crore in debt funding. ....

Sistema Asia , Harshvardhan Lunia , Lendingkart Group , Fullerton Financial Holding , Lendingkart Finance , Mayfield India , Saama Capital , India Quotient , Managing Director , சிஸ்டெமா ஆசியா , ஹர்ஷிவர்தான் லூனியா , ஃபுல்லர்டன் நிதி வைத்திருத்தல் , மேஃபீல்ட் இந்தியா , சாம மூலதனம் , இந்தியா மேற்கோள் , நிர்வகித்தல் இயக்குனர் ,

Lendingkart's NBFC arm raises ₹108 crore from Dutch bank FMO


Lendingkart’s NBFC arm raises ₹108 crore from Dutch bank FMO
April 06, 2021
To raise additional ₹3,000 cr in debt funding in FY 2022
Lendingkart, a financial services and fintech start-up, announced a new round of fund raising of $15 million (₹108 crore) in debt funding from FMO, the Dutch entrepreneurial development bank. With this deal, Lendingkart strengthens its three-year relationship with the bank, having received funds through NCDs (non-convertible debentures) and increasing its cumulative exposure to $19 million with this transaction.
FMO supports sustainable private sector growth in developing countries and emerging markets. This new influx of funds to Lendingkart will be utilised towards expanding the reach of financial products to the MSME segment through Lendingkart’s digital platform across 100 sub-industries spread across India. ....

Sistema Asia , Sudeep Bhatia , Harshvardhan Lunia , Union Territories , Lendingkart Group , Lendingkart Finance , Fullerton Financial Holding , Singapore Sovereign Fund Temasek Holdings , Lendingkart Finance Limited , Saama Capital , Mayfield India , Private Banks , Small Banks , Huib Jan De Ruijter , Chief Investment Officer , Women Entrepreneurs , Small Businesses , Debt Funding , சிஸ்டெமா ஆசியா , சூடீப் பாட்டியா , ஹர்ஷிவர்தான் லூனியா , தொழிற்சங்கம் பிரதேசங்கள் , ஃபுல்லர்டன் நிதி வைத்திருத்தல் , சிங்கப்பூர் இறையாண்மை நிதி தேமாஸேக் ஹோல்டிங்ஸ் , சாம மூலதனம் , மேஃபீல்ட் இந்தியா ,

Lendingkart Finance Funding: Lendingkart Finance raises $15 mn funding from Netherlands' FMO


Synopsis
This new influx of funds to Lendingkart will be utilised towards expanding the reach of financial products to the MSME segment through Lendingkart s digital platform.
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Lendingkart Finance has disbursed about one lakh loans to more than 90,000 MSMEs across the country.
NEW DELHI: Fintech firm Lendingkart on Tuesday said its NBFC arm, Lendingkart Finance has raised USD 15 million (about Rs 110 crore) in debt funding from the FMO - Dutch entrepreneurial development bank.
With this deal, Lendingkart strengthens its three-year relationship with the bank receiving funds through NCDs and increases its cumulative exposure to USD 19 million, a statement said. ....

Sistema Asia , Harshvardhan Lunia , Lendingkart Group , Fullerton Financial Holding , Lendingkart Finance , Mayfield India , Saama Capital , India Quotient , Managing Director , சிஸ்டெமா ஆசியா , ஹர்ஷிவர்தான் லூனியா , ஃபுல்லர்டன் நிதி வைத்திருத்தல் , மேஃபீல்ட் இந்தியா , சாம மூலதனம் , இந்தியா மேற்கோள் , நிர்வகித்தல் இயக்குனர் ,

Lendingkart To Stress On Tech Play, Looks At Banks And NBFCs For Partnerships


Lendingkart to stress on tech play, looks at banks and NBFCs for partnerships
The Ahmedabad-based NBFC which leverages technology to solve the financial needs of small businesses, wants to push its technology game more and lend through a co-lending model. It is already working with banks and NBFCs to push interest rates southwards and reach out to more small businesses.
December 31, 2020 / 09:38 AM IST
Digital lending platform Lendingkart wants to expand into a larger technology play, side-stepping from its core lending business. The platform, which caters to small businesses lending to customers digitally, now wants to work in tandem with traditional lenders bringing their technical abilities to the table, helping them underwrite loans and source customers. ....

Sameer Nagpal , Mukul Sachan , Sistema Asia , Giridhar Yasa , Mahesh Parashar , Mithun Sundar , Harshvardhan Lunia , Airtel Payments Bank , Fullerton Financial Holding , Reserve Bank , Co Lending Model , Ahmedabad Based Lendingkart , Mayfield India , Saama Capital , India Quotient , Aditya Birla , Airtel Payments , April May , Digital Lenders , அதே நாக்பால் , முகுல் சச்சன் , சிஸ்டெமா ஆசியா , மகேஷ் பராஷர் , மிதுன் சுந்தர் , ஹர்ஷிவர்தான் லூனியா , ஏர்டெல் கொடுப்பனவுகள் வங்கி ,