Lendingkart eyes massive growth in unsecured SME loans

Targets Rs 1,500 crore loan disbursement in next one year from Rs 500 crore currently

Digital lending platform for SMEs Lendingkart Technologies, through its arm Lendingkart Finance eyes Rs 1,500-1,600 crore worth of loan disbursements over the next one year, according to top company officials.

The 3-year-old city-based fintech startup looks at a massive growth over its current loan portfolio of around Rs 500 crore as it increases its focus on SME lending in Gujarat, where a large number of SMEs from variety of sectors are located.

“Initially we started with lending to e-commerce platforms, but now we look at higher share of loan portfolio coming from non e-commece players. Gujarat has witnessed phenomenal growth in the past few years and SMEs have played critical role in development of the state,” said Mukul Sachan, co-founder COO, Lendingkart Technologies.

He added that so far the company has disbursed loans to over 1,000 SMEs in Gujarat’s tier 2 and tier 3 cities such as Morbi, Deesa, Junagadh, Nadiad and Bhavnagar.

The company has raised a total funding of $45 million or Rs 288 crore through a mix of debt and equity since June last year.

“We registered a robust growth of 300 per cent over last year in loan disbursement. In next one year, we

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