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FINTECH LENDER LENDINGKART
Lendingkart crisis deepens: Founder Harshvardhan Lunia goes legal against Fullerton-led managementLendingkart faces a deepening crisis as cofounder Harshvardhan Lunia launches a legal battle against majority shareholder Fullerton Financi...- Lendingkart Finance reports losses, breaches bond covenant for 2024-25Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its ₹75 crore bonds. The company is see...
- Fintech founders join hands to form new industry body, aim to become fintech SROFounders of fintech startups such as Jupiter, Fi, and Lendingkart have formed a new umbrella organisation aiming to secure a fintech-SRO li...
- Fintechs parse end use of personal loansKey players in this sector include LendingKart, Axio, Fibe, KreditBee, TruBalance, Vivifi, and others. This shift follows a regulatory push...
- ETtech Exclusive: Inside the cash crisis, big valuation cut at LendingkartLendingkart is in talks with Fullerton Financial Holdings, its largest shareholder, for an internal funding round at a major valuation cut....
- MSME fintechs steal show as consumer lending loses fizzAll these years, digital lending has been mostly synonymous with unsecured consumer credit. But that is slowly changing. Business-focused f...
- Delinquency rates for digital credit industry at 4.2% in FY23: reportFor the digital lending industry, which came under pressure during Covid-19, FY21 and FY22 were tough years as several large credit fintech...
- Lendingkart clocked Rs 120 crore profit in FY23: CEO Harshvardhan LuniaFor FY23, the Fullerton-backed company also saw its overall revenues rise to Rs 828 crore, while total credit disbursals for the MSME lende...
- Credit demand reviving, but fintech lenders struggle to raise low-cost debtBanks have increased risk premiums due to stress on their books amid the Covid-19 pandemic and a lack of clarity over whether a moratorium ...
- Fintech lenders find comfort in the steady cash flow of humble corner shopsMost fintech lenders are focusing on servicing existing clients and in the process turning off the funding tap for new borrowers. The only ...
- Lendingkart lays off 200 employeesFintech lender Lendingkart has fired over 200 employees or 30% of its workforce. The company confirmed the layoffs to ET in an email.
- Fintech SME lenders hope banks loosen purse strings after new government schemeIn a series of recent measures, the government has tried to solve the liquidity issue facing the banking system and lenders’ reluctance to ...
- Govt has stepped up, it’s the turn of banks now, say fintech startupsThe government has extended an emergency credit line to micro, small and medium enterprises, provided credit guarantee, and capped interest...
- Greater collaboration possible between traditional and new-age lendersThis is in stark contrast to the formative days of fintech. Many started business after the financial crisis of 2008-09 with the idea of be...
- PSBloansin59minutes.com becomes largest fintech lending platform: ReportThe portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes.
- How small businesses can get collateral free loans easilyThose keen on starting small businesses can tap government-backed schemes and online lenders for collateral free loans.
- Digitisation push makes BFSI sector attractive to SaaS playersServices such as credit score analysis, loan process automation and fraud detection through software are already on offer by companies such...
- DLAI to present a united front to deal with govt regulationsThe other companies that have joined as members are SME lending players Indifi Technologies, Rubique, KapitalTech, personal loan enablers F...
- Lendingkart expects to disburse Rs 1,600-crore loan by 2017-endOffering customers lending rates of 16-24 percent, the company is of the view that post demonetisation, micro, small and medium enterprises...
- Lendingkart & Lenddo to grow financial inclusion in IndiaAhmedabad-based startup, LendingKart joins hands with Singapore-based startup Lenddo and will use social media to evaluate borrower creditw...
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