Lendingkart raised INR 50 crore in a debt funding from InCred Capital and Yubi

Non-banking finance company (NBFC) and lending tech startup Lendingkart raised INR 50 crore in a debt funding from InCred Capital and Yubi.

Lendingkart has developed big data and machine learning-based technologies to assist lenders in determining the creditworthiness of borrowers and, in response, provide supplementary services to them. The startup will use the funds to provide small and medium-sized enterprises with on-lending business loans. Over 1.40 lakh loans, according to Lendingkart, have been given to more than 1.2 lakh MSMEs in India. Additionally, it asserts that it has provided services in more than 4000 Indian cities.