Lendingkart is an online platform that provides unsecured working‑capital loans to small and medium‑sized enterprises in India. Using AI‑driven credit scoring that leverages transactional and alternative data, it delivers loan approvals and disbursements within days, with automated repayment processing and a self‑service dashboard for loan management.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Small and medium-sized enterprises (SMEs) in emerging markets often struggle to obtain timely working capital due to lengthy credit assessment processes, limited access to formal banking channels, and insufficient collateral.
Solution
Lendingkart offers an online lending platform that provides unsecured business loans to SMEs through a data-driven credit evaluation system. By aggregating transactional, digital, and alternative data, the platform can assess creditworthiness quickly and extend funds within days. Borrowers receive loan amounts via direct bank transfers, and repayments are managed through automated ACH or digital payment methods. The service includes a self-service dashboard where businesses can track loan status, repayment schedules, and access additional financial insights. Lendingkart’s model reduces reliance on traditional collateral requirements, enabling faster financing for growth and operational needs.
Target Audience
Primary customers are small and medium-sized businesses in India seeking quick, unsecured working capital without the need for extensive collateral or lengthy bank procedures.
Features
- End-to-end digital loan application with instant eligibility checks
- AI-powered credit scoring using alternative data sources such as payment histories and e-commerce metrics
- Flexible loan amounts and repayment tenures tailored to SME cash flow cycles
- Automated disbursement and repayment processing via integrated banking APIs
- Real-time borrower dashboard for loan management, statements, and analytics
- API integration options for fintech partners and ERP systems