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LendingKart Joins Hands With Lenddo To Improve Financial Inclusion

LendingKart utilises a unique mix of analytics, big data and decision science for evaluating the creditworthiness of its customers. Hence, its integration with Lenddo is being deemed as a logical step.

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LendingKart, the digital lending platform dedicated to helping entrepreneurs and small businesses with working capital finance and business loans, teamed up with Lenddo, a world leader in using online social media to evaluate borrower creditworthiness to speedily improve financial inclusion in the Indian market.

Harshvardhan Lunia, CEO of LendingKart said, "In our country, it is often cumbersome for people to prove their identity and access financial services. Loan systems operate more smoothly and accurately when credit is based on community referral and peer reinforcement. That is why we joined hands with Lenddo because it is known for using non-traditional data to provide credit scoring and verification for the emerging middle class. Through this tie-up, we can help borrowers get access to new and affordable financial services with no formal credit histories."

LendingKart utilises a unique mix of analytics, big data and decision science for evaluating the creditworthiness of its customers. Hence, its integration with Lenddo is being deemed as a logical step.

The company sees this collaboration with LendingKart as an excellent opportunity to serve the Indian market and help them in managing risks in both web and mobile deployments with results available instantly via APIs or a secure dashboard.

"Financial inclusion is top priority in India and we want to resolve this major business challenge that often restricts and inhibits the country's growth. By using non-traditional data, we will be able to make thousands of creditworthy consumers discoverable to lenders and we are delighted to be joining forces with LendingKart to support this change and improve millions of unbanked businesses and lives in the country,” said Richard Eldridge, CEO and Co-Founder of Lenddo.

By entering into this formal agreement, LendingKart and Lenddo will be able to explore the untapped segment of the Indian market with significant results within the next few months.


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