This pan India collaboration marks Mahindra Finance’s foray into the co-lending space exclusively for the SME sector under an 80:20 structure, where Lendingkart will leverage its tech platform Lendingkart 2gthr. The E2E platform of Lendingkart will help customers from origination to underwriting, disbursals, and collections.
Raul Rebello, MD&CEO – Designate, Mahindra Finance, said in a statement, “The SME sector is one of the fastest growing sectors, with a need for timely access to credit. Through this co-lending initiative, our collective objective is to transform credit decisioning, boost assesibility and create financial agility in the SME space. Together with Lendingkart, we aim to provide comprehensive and competitive financial solutions to the SME sector in our journey to be a responsible financial solution partner to emerging India”.
Harshvardhan Lunia, Founder & CEO, Lendingkart Group, said in a statement, “This co-lending partnership with Mahindra Finance is a testament to our focus on fostering collaboration in the Indian financial ecosystem to better serve the underserved MSMEs and serve the national mission of financial inclusion. Together with Mahindra Finance, we will leverage our knowledge and expertise to simplify finance for an emerging India.”
