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Lendingkart Raises Rs 75 Crore In Debt Funding From Gmo Llc, Triodos Investment

Lendingkart Raises Rs 75 Crore In Debt Funding From Gmo Llc, Triodos Investment

07/02/22, 9:53 AM
Money raised
₹750 million
Fintech company Lendingkart on Saturday announced it has raised debt funding of Rs 75 crore from GMO LLC and Triodos Investment. The company will use the funds to originate MSME (micro, small and medium enterprises) loans across all states with credit decisions in a live environment using in-house built origination engine 'xlr8' and 'zero touch' features, according to a statement.

Company Info

Company
Lendingkart
Additional Info
The company will use the funds to originate MSME (micro, small and medium enterprises) loans across all states with credit decisions in a live environment using in-house built origination engine 'xlr8' and 'zero touch' features, according to a statement. Additionally, it will help the company increase its reach, and service more pin codes across the country.