Lendingkart Finance

What Lendingkart Finance does

Lendingkart Finance Limited is an RBI-registered non-banking financial company (NBFC) headquartered in Mumbai that provides unsecured working-capital and business loans to micro, small and medium enterprises (MSMEs) and self-employed individuals in India. Loan tickets range from ₹50,000 to ₹50,00,000 at interest rates starting at 17.25% p.a., with no collateral requirement and tenures up to five years. The company has cumulatively disbursed 3,00,000+ loans to over 2,50,000 MSMEs across 4,100+ towns and cities, making it one of the more distributed digital MSME lenders in the country.

The core lending product is delivered through a fully digital, branchless origination stack: customers enter details online, complete automated digital KYC, and are evaluated through a proprietary alternative-data credit-scoring engine that leverages bank statements, GST filings, and other non-traditional data points to underwrite borrowers who lack collateral or formal credit history. Loan approval and disbursal typically complete within three working days. Supporting capabilities include an on-site EMI calculator, a mobile application with 10L+ Google Play downloads, and a Direct Selling Agent (DSA) partner network for referral-based origination. The platform is ISO 27001 (information security) and ISO 22301 (business continuity) certified, and is GDPR-compliant in its data handling.

Commercially, Lendingkart operates a single-product business model: revenue is generated almost entirely through interest income on unsecured business loans, with no processing fees charged prior to disbursement. The company is privately held under parent LendingKart Technologies Pvt. Ltd., and in October 2024 Fullerton India acquired a controlling stake, followed by an ₹850 crore fundraise in November 2025 from Fullerton and existing investors to scale pan-India MSME lending. Reported financials include FY23 Profit After Tax of ₹120 crore and Q1 FY24 net profit of INR 30 crore (99% YoY growth), positioning the company as a profitable scaled NBFC.

Name

Lendingkart Finance

Legal name

Lendingkart Finance Limited

Website

https://lendingkartfinance.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Lendingkart Finance is an RBI-registered NBFC providing collateral-free, digital business loans of ₹50,000–₹50 lakh to Indian MSMEs and self-employed borrowers across 4,100+ towns and cities.

Ownership category

akta.pro rank

Product category

MSME / SME Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• MSME lending
• Unsecured business loans
• Working capital finance
• Alternative credit scoring
• Digital NBFC

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income: Lendingkart generates revenue primarily through interest charged on unsecured business loans. Interest rates start from 17.25% per annum and vary based on loan type, amount, and repayment profile of the borrower.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Lendingkart Finance is an RBI-registered NBFC that provides unsecured business loans of ₹50,000 to ₹50,00,000 to MSMEs and self-employed professionals in India. The lending process is 100% digital, with minimal documentation (bank statements, GST filings, KYC), no collateral requirement, and disbursal typically within 3 working days at interest rates starting from 17.25% per annum.

Product overview

Lendingkart Finance is an RBI-registered NBFC that operates as a single-product fintech platform offering unsecured business loans tailored for MSMEs and small businesses in India. The core product is an Unsecured Business Loan that provides collateral-free financing up to ₹50 lakhs with a fully digital, end-to-end online process covering application, KYC verification, approval, and disbursal. The platform also provides ancillary financial tools including a Business Loan EMI Calculator and Foreclosure Calculator, while offering specialized loan variants for women business owners and working capital needs. The company emphasizes minimal documentation (bank statements, GST filings, basic KYC), instant loan approval, and funds disbursement within 3 working days.

Differentiator

Problem solved

Functional benefit

Products and services

• Unsecured Business Loan Collateral-free business loan product for MSMEs and self-employed professionals in India, with loan amounts from ₹50,000 to ₹50,00,000, interest rates starting at 17.25% p.a., tenures up to 5 years, 100% digital application, minimal documentation (bank statements, GST filings, basic KYC), and disbursal within 3 working days.

Quantifiable outcome

• Loan disbursal within 3 working days vs. traditional banks which take weeks
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Bajaj Finserv: Large diversified Indian financial services group offering MSME/business loans alongside consumer finance — overlaps on Lendingkart's target segment but operates at much larger scale across many products.
• IIFL Finance: Diversified Indian NBFC offering business loans, gold loans, and housing finance — provides overlapping unsecured/small-business lending but as part of a much wider product portfolio.

Emerging players

• KreditBee: Digital lending platform focused on salaried and self-employed segments in India — partial overlap with Lendingkart's self-employed borrower base via personal/business credit products.
• MoneyTap: App-based digital credit platform offering personal and business credit lines to Indian consumers and small businesses — adjacent product set serving overlapping thin-file borrowers.

Direct peers

• Indifi Technologies: India-based digital lender providing unsecured working-capital and business loans to MSMEs using alternative data — the closest direct competitor in product, customer segment, and underwriting approach.
• FlexiLoans: Digital MSME lender offering collateral-free business loans to small businesses in India via a fully online process — highly comparable business model and target borrower profile to Lendingkart.
• Aye Finance: NBFC focused on lending to micro and small businesses in India, including in tier 2/3 cities — directly comparable customer base and small-ticket unsecured lending model.
• Oxyzo (formerly Capital Float): Tech-enabled NBFC providing working-capital and term loans to Indian SMEs and merchants — overlaps directly on product, segment, and digital underwriting approach.
• Kinara Capital: India NBFC providing collateral-free business loans to small enterprises using alternative data assessment — same target segment and similar underwriting philosophy.

Regional players

• LendingClub: US-headquartered online lending marketplace for personal and business loans using alternative-data underwriting — same digital, data-driven origination model as Lendingkart, but operating in the US market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Lendingkart
• Facebookfacebook.com/lendingkart
• LinkedInlinkedin.com/company/lendingkart

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lendingkart Finance