Lendingkart, a retail lending platform based in Gurugram, has partnered with Tata Capital Limited, the financial services arm of the Tata Group. This new partnership aims to provide unsecured business loans to Micro, Small, and Medium Enterprises (MSMEs) across India.
The goal of this collaboration is to improve financial access for MSMEs by using Lendingkart’s digital platform, which makes the lending process faster and easier for businesses in need.
Range of Loan Services
Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, Lendingkart offers a variety of loan products. These include business loans, working capital loans, MSME loans, business loans for women, and personal loans. With the new partnership with Tata Capital, Lendingkart hopes to expand its reach and offer more financial support to MSMEs, which often struggle to secure traditional loans from banks.
Lendingkart SaaS Platform “2gthr”
A key part of this partnership is Lendingkart’s Software as a Service (SaaS) platform, called “2gthr.” This platform will manage the entire lending process, making it smoother and faster for businesses. It helps with everything from starting loan applications, approving them quickly, to disbursing funds, and managing collections.
With this platform, Lendingkart aims to enhance credit access for MSMEs, ensuring that even businesses in underserved areas can benefit from the loans provided under this partnership.
Addressing MSMEs’ Financing Needs
One of the main goals of the partnership is to solve the financial problems faced by MSMEs. Many of these small and medium businesses often find it difficult to get access to credit and loans from traditional financial institutions.
Harshvardhan Lunia, Founder and CEO of Lendingkart, expressed the importance of this collaboration. He said, “Our aim is to improve credit access for MSMEs, making it easier for them to get the financing they need. This partnership will allow us to meet the critical financial needs of underserved businesses and improve operational efficiency.”
By combining Lendingkart’s technology with Tata Capital’s wide network, the two companies hope to reach more MSMEs across India and provide them with the support they need to grow their businesses.
Tata Capital Commitment to Empower MSMEs
Tata Capital is equally committed to supporting MSMEs through this partnership. Vivek Chopra, Chief Operating Officer of Retail Finance at Tata Capital, highlighted their dedication to collaborative growth. He stated, “Tata Capital’s partnership with Lendingkart shows our commitment to helping MSMEs grow. This strategic move will empower MSMEs to take advantage of new opportunities and expand their businesses.”
Tata Capital, with over 750 branches across India, will play a crucial role in ensuring that these loans are accessible to MSMEs nationwide.
The partnership between Lendingkart and Tata Capital is a big step towards helping MSMEs in India. With Lendingkart’s digital expertise and Tata Capital’s vast network, more small and medium businesses will have access to the financing they need to succeed. The collaboration will not only help MSMEs grow but also contribute to the broader economic development of the country.
