The deal marks an extension of Lendingkart’s three-year working relationship with the bank receiving funds through NCDs
Lendingkart primarily caters to the capital requirements of small and medium enterprises
Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, the company claims to have disbursed more than 1 Lakh loans to more than 91,000 MSMEs to date
Ahmedabad-headquartered non-banking finance company (NBFC) and lending tech platform Lendingkart has raised $15 Mn from FMO, the Dutch entrepreneurial development bank.
The deal marks an extension of Lendingkart’s three-year working relationship with the bank receiving funds through NCDs (non-convertible debentures) and increases its cumulative exposure to $19 Mn with this transaction.