Lendingkart
“Can a data-driven NBFC, now bank-backed by Fullerton, become India's default working-capital provider for the long tail of MSMEs?”
Founded 2014 as a digital working-capital lender for Indian MSMEs, Lendingkart built its moat on a big-data underwriting engine (1,500+ data points) and an online application that disburses unsecured business loans in three working days. Partnerships with e-commerce marketplaces (Flipkart, Snapdeal) gave it early SME flow. After years of VC backing led by Fullerton Financial Holdings, the company sold a controlling stake to Fullerton in 2024 — effectively pivoting from independent fintech to bank-backed NBFC platform with capital to scale across 4,100+ towns. It has also layered on third-party insurance distribution (IRDAI corporate agent license) and personal/home/car loan products beyond its core MSME working-capital offering.