Lendingkart partners with Tata Capital to co-lend unsecured business loans to MSMEs

Gurugram-based retail lending platform Lendingkart has partnered with Tata Group's financial services arm, Tata Capital Limited, to offer unsecured business loans to Micro, Small, and Medium Enterprises (MSMEs) across the country. 

The partnership seeks to improve financial access for MSMEs, leveraging Lendingkart’s digital platform to streamline the lending process.

Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, Lendingkart offers various kinds of loans, including business loans, working capital loans, MSME loans, business loans for women, and personal loans. 

Role of Lendingkart’s SaaS platform

Lendingkart's Software as a Service (SaaS) platform, "2gthr," will be a key part of this collaboration. The platform helps manage the entire customer process, from starting loan applications to approving them quickly, disbursing funds, and handling collections.

Through this platform, Lendingkart aims to enhance credit access for MSMEs, ensuring that even underserved businesses can benefit from the loans provided under this partnership.

Addressing critical financing needs of MSMEs

The partnership aims to address the critical financing needs of MSMEs, a sector that often struggles with access to credit.

Harshvardhan Lunia, Founder and CEO of Lendingkart, highlighted the partnership's significance, stating, "Our goal is to enhance credit penetration and make financing accessible and easier for MSMEs. This partnership will help us address the critical financing requirements of underserved businesses and drive greater operational efficiencies."

The partnership is expected to combine Lendingkart's technological expertise with Tata Capital’s extensive network to reach a broader range of businesses.

Tata's focus on empowering MSMEs

Vivek Chopra, Chief Operating Officer of Retail Finance at Tata Capital Limited, said, "Tata Capital’s partnership with Lendingkart reflects our dedication to collaborative growth. This strategic initiative will empower MSMEs to capitalize on emerging opportunities and drive comprehensive business expansion." 

With over 750 branches across India, Tata Capital's network is expected to play a crucial role in making these loans accessible to MSMEs nationwide.