Lendingkart Raises $15 Mn From Dutch Bank FMO To Sustain Post-Lockdown Momentum

Lendingkart Raises $15 Mn From Dutch Bank FMO To Sustain Post-Lockdown Momentum

SUMMARY

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. 

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