Pune: Lendingkart Technologies Private Limited, India’s leading fintech company, today announced the launch of its omni-channel partner platform “Lendingkart xlr8”.
This platform opens up access to Lendingkart proprietary zero touch technology that helps in faster processing of applications with minimal requirements of documents and no reliance on offline media to communicate.
Lendingkart has been partnering with the agents, marketplaces and various platforms to spread awareness among the MSME segment about the financial products available, customized to suit their business model and needs, including collateral free, flexible and cost sensitive options.
As on date, the xlr8 provides API and SaaS platform to initiate applications with details, documents and all necessary kyc details with any flags being auto-triggered for notice of the partners so they can act promptly to resolve the same.
Harshvardhan Lunia, Co-Founder & Managing Director of Lendingkart Technologies said, “Lendingkart’s partnership with our partners for creating awareness and developing the omni channel reach out for collateral-free finance option available to MSMEs via digital medium has gone a long way for us. These efforts and initiatives for more than 5 years are having high impact in the new normal and are set to be a pioneering breakthrough in addressing the credit gap in this high growth potential sector. I am thankful and look forward to a long-term association with our partners in their endeavor for achieving our shared vision”
Naveen Kukerja, CEO & Co-founder, Paisabazaar.com, “Paisabazaar.com is committed to meeting the credit needs of consumers, of which a key segment is the traditionally underserved MSME community. Our partnership with Lendingkart has always aimed to make lending for the self-employed more convenient and hassle-free, through digital innovations. This now has been further enhanced with the Lendingkart xlr8 api suite, which would lead to a deeper integration of our partnership and help make the loan journey seamless and transparent by allowing real time visibility to partners.”
Lendingkart provides short term collateral free working capital loans to MSMEs with minimal paperwork within 72 hours. These include businesses that have little or no credit history available. The loan ticket sizes range from as low as Rs 50,000 up to 2 crores for a period of 1 to 36 months.