India fintech seeking to raise at least US$87m to grow tech capabilities

Monday, February 19, 2018

AN Indian fintech company is seeking to raise over US$87 million of equity funding to expand its technological and analytics capabilities.

Lendingkart Technologies will be doing so through series C capital-raising, with the initiative led by Singapore’s Fullerton Financial Holdings, along with participation from existing investors.

On Tuesday, Lendingkart said that the group also aims to expand its credit product offerings to deepen its reach to small enterprises and “underserved micro enterprises”.

With this new round of funding, Lendingkart group’s cumulative equity and debt raising will exceed US$173 million.

Photo courtesy of Images Money.

Source: The Business Times (link opens in a new window)

Finance, Investing
fintech, venture capital