Overview
Lendingkart provides unsecured working capital loans to micro, small, and medium enterprises (MSMEs) in India. It uses technology and big data analytics to assess a business’s creditworthiness, enabling faster, collateral-free lending. The product is an online, end-to-end lending platform where underwriting is digitally managed to approve and disburse working capital loans quickly for small businesses. Compared with traditional lenders, Lendingkart differentiates itself by applying data-driven credit assessment to extend unsecured loans to underserved MSMEs, reducing paperwork and speeding up funding. Its focus on the Indian MSME segment and scalable, tech-enabled processes helps it reach a wide network of small borrowers more efficiently than many competitors. The company’s goal is to empower India’s small businesses by providing accessible, timely working capital, supporting growth, and contributing to broader economic development.
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Simplify's take
What believers are saying
- CEO says Lendingkart targets ₹1,500-1,600 crore disbursals by March 2027.
- YES Bank provided ₹50 crore debt, signaling lender confidence after the ownership transition.
- The November 2026 RBI register still lists Lendingkart Finance as compliant and active.
What critics are saying
- FY26 losses hit ₹333 crore as loans under management fell to ₹1,308 crore.
- Founder Harshvardhan Lunia exited as MD in June 2025; strategy now depends on Prashant Joshi.
- If originations stay weak through FY27, Lendingkart's scaling thesis breaks and refinancing dries up.
What makes Lendingkart unique
- RBI-registered NBFC and digital lending platform serving MSMEs nationwide through multiple apps.
- Fullerton-Temasek took majority control in March 2025, adding balance-sheet credibility.
- Acquired Upwards for ₹100 crore, extending underwriting technology beyond core MSME lending.
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