Lendingkart, India’s largest retail lending platform, has launched a co-lending agreement with Tata Capital Limited, the Tata Group’s flagship financial services arm, to offer business loans to Micro, Small, and Medium Enterprises (MSMEs).
Lendingkart Finance’s SaaS platform “2gthr” will manage the entire client journey, including application initiation, efficient underwriting, disbursal processes, and smooth collections administration. This collaborative agreement intends to improve MSMEs’ nationwide finance access via the Lendingkart ‘2gthr’ platform.
Commenting on the partnership, Harshvardhan Lunia, Founder and CEO at Lendingkart said, “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. We look forward to collaborating with Tata Capital to leverage its wide network with our platform and technology.”
Also read: Lendingkart names Mukund Barsagade as Group Chief Financial Officer
Vivek Chopra, Chief Operating Officer – 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.”
