Lendingkart Receives $10 Million for Onward Lending To Small Businesses

The fintech obtained the capital through external commercial borrowing from a fund run by BlueOrchard.

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Lendingkart Receives $10 Million for Onward Lending To Small Businesses

The fintech obtained the capital through external commercial borrowing from a fund run by BlueOrchard.

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BlueOrchard has been an active investor in the Indian lending industry, supporting Kinara Capital, Varthana, and AVIOM Housing Finance earlier this year.

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Fintech firm Lendingkart has received $10 million (INR 83.5 crore) through external commercial borrowing from a fund managed by Swiss impact investor BlueOrchard.

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Lendingkart will use the newly generated funds to expand its lending activities to MSMES.

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According to Lendingkart, the non-convertible debentures (NCDs) have been listed on the India International Exchange (IFSC) in GIFT City.

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Lunia founded Lendingkart in 2014 to provide loans to micro, small, and medium-sized organizations (MSMEs).

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