<p class="title">FinTech company Lendingkart Technologies on Monday announced that it is raising over Rs 565 crore ($87 million) of equity funding in its Series C.</p>.<p class="bodytext">The round is being led by Singapore's Fullerton Financial Holdings Pte Ltd, along with participation from existing investors.</p>.<p class="bodytext">With this new round of funding, Lendingkart Group's cumulative equity and debt raising will exceed Rs 1,129 crore ($173 million). The funds from this round will enable Lendingkart Group to further strengthen its technological and analytics capabilities. The Group also aims to expand its credit product offerings to deepen its reach to small enterprises and reach out to underserved micro enterprises, a company release said.</p>.<p class="bodytext">Harshvardhan Lunia, Co-Founder and CEO of Lendingkart Technologies, said, "We are excited to have Fullerton Financial Holdings join us on our growth journey. We are pleased to collaborate with Fullerton as they bring deep domain experience in the rapidly growing financial services space in India and globally."</p>.<p class="bodytext">GAN Chee Yen, CEO of Fullerton Financial Holdings said, "We are pleased with the opportunity to deepen our exposure in India's rapidly growing financial services market. Today, we are witnessing the rapid advancement and adoption of technological innovation in India. We believe that the deployment of technology to develop scalable and accessible financial services platforms, incorporating big data analytics and machine learning, will be critical to any lending business serving the underbanked and underserved customers in India. We are committed to supporting Lendingkart Group on its journey to become a leading digital lender in India. "</p>.<p class="bodytext">Lendingkart Group has also signed a Memorandum of Understanding with Fullerton India Capital Company, a wholly owned subsidiary of FFH regarding possible opportunities and initiatives to support their respective businesses.</p>.<p class="bodytext">Since its inception, Lendingkart Finance (the NBFC arm of Lendingkart Group) has evaluated more than 1,00,000 applications, disbursed over 20,000 loans in more than 950 cities, helping more than 13,000 SMEs across 23 diverse sectors.</p>
<p class="title">FinTech company Lendingkart Technologies on Monday announced that it is raising over Rs 565 crore ($87 million) of equity funding in its Series C.</p>.<p class="bodytext">The round is being led by Singapore's Fullerton Financial Holdings Pte Ltd, along with participation from existing investors.</p>.<p class="bodytext">With this new round of funding, Lendingkart Group's cumulative equity and debt raising will exceed Rs 1,129 crore ($173 million). The funds from this round will enable Lendingkart Group to further strengthen its technological and analytics capabilities. The Group also aims to expand its credit product offerings to deepen its reach to small enterprises and reach out to underserved micro enterprises, a company release said.</p>.<p class="bodytext">Harshvardhan Lunia, Co-Founder and CEO of Lendingkart Technologies, said, "We are excited to have Fullerton Financial Holdings join us on our growth journey. We are pleased to collaborate with Fullerton as they bring deep domain experience in the rapidly growing financial services space in India and globally."</p>.<p class="bodytext">GAN Chee Yen, CEO of Fullerton Financial Holdings said, "We are pleased with the opportunity to deepen our exposure in India's rapidly growing financial services market. Today, we are witnessing the rapid advancement and adoption of technological innovation in India. We believe that the deployment of technology to develop scalable and accessible financial services platforms, incorporating big data analytics and machine learning, will be critical to any lending business serving the underbanked and underserved customers in India. We are committed to supporting Lendingkart Group on its journey to become a leading digital lender in India. "</p>.<p class="bodytext">Lendingkart Group has also signed a Memorandum of Understanding with Fullerton India Capital Company, a wholly owned subsidiary of FFH regarding possible opportunities and initiatives to support their respective businesses.</p>.<p class="bodytext">Since its inception, Lendingkart Finance (the NBFC arm of Lendingkart Group) has evaluated more than 1,00,000 applications, disbursed over 20,000 loans in more than 950 cities, helping more than 13,000 SMEs across 23 diverse sectors.</p>
