Lendingkart inks deal with Chola for SME loans

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Lendingkart inks deal with Chola for SME loans
Lendingkart inks deal with Chola for SME loans

Lendingkart hopes the deal will help it expand its reach to Tier II and Tier III cities. The fintech startup will be involved with the loan origination process, right up to the disbursal stage

Fintech startup Lendingkart said it signed a deal with Cholamandalam Investment and Finance Company to disburse loans, digitally, to small and medium businesses.

Lendingkart hopes the deal will help it expand its reach to Tier II and Tier III cities. The fintech startup will be involved with the loan origination process, right up to the disbursal stage.

“In our journey of promoting financial inclusion in the country, these meaningful partnerships, like the one with Chola, will become our backbone and assist us with required liquidity support, while Lendingkart will leverage its network and technology to further expand the services to small businesses in India,” said Harshvardhan Lunia, CEO and Founder of Lendingkart, as per reported by YourStory.

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