Business Today

The Small Borrowers' Bank

Ahmedabad based LendingKart doesnt have a branch, and uses an underwriting model based on machine learning algorithm to lend to MSMEs.

Five year old LendingKart, a fintech start up in the short term SME working capital space, has a 'WISH' philosophy without human intervention; instant disbursal; simple process; and hyper flexibility in repayment. "The WISH philosophy is based on the feedback from small business borrowers," says Harshvardhan Lunia, Co founder and CEO, LendingKart, which mainly operates from Ahmedabad, Bengaluru and Mumbai.

In a short span of time, this fintech firm has disbursed over 45,000 loans to

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