Fintech company Lendingkart has developed an algorithm-based online real-time technology platform that can recommend a credit underwriting decision. The Company uses this platform to disburse small ticket size, unsecured, short-term business loans to micro, small and medium-sized enterprises. In addition, the Company’s platform is also leveraged by many of India’s largest banks to gain exposure to priority sector lending, a key focus of the RBI.

Facing a credit gap of ~$380 billion, the Indian MSME sector is severely underbanked. This substantial, underserved population of potential borrowers does not lend itself easily to fit the existing credit assessment and loan disbursement system.

To overcome this structural issue, Lendingkart has developed technology tools based on Big data analysis – that analyze thousands of data points from various data sources – to assess small businesses’ creditworthiness rapidly and accurately.

Our belief in the need to transform small business lending, coupled with the founder’s deep domain experience in the banking sector, propelled us to become an early backer of the Company.