Lendingkart

Lendingkart was established to try and recognise the key role Micro, Small and Medium Enterprises (commonly abbreviated as MSMEs) play in the country’s economy. Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, the company is headquartered in Ahmedabad, Gujarat.

They are a fintech venture working on the development of tools required for data analysis. They simultaneously offer capital loans to various MSMEs.

Through the establishment of Lendingkart, Lunia aimed to address the $400 billion credit gap existing in the Indian segment. They were initially an advisory business focusing on identifying inconsistencies that were impacting the MSME lending space in India.

Today, they have outlets and offices in multiple metropolitan cities of India, including the likes of Bengaluru, Mumbai and Delhi NCR.

Their major focus lies on providing short-term collateral-free capital loans to MSMEs. They claim to provide minimal paperwork to their clients and loan sanctions within a time period of 3 days. Their loan amounts range from Rs 50,000 to one crore, for time periods ranging from 1 month to 3 years.

Since its inception, the company reportedly garnered close to half a million loan applications from its users. Currently, they are partnered with Amazon Web Services, commonly abbreviated as AWS.