fintech company lendingkarto announced on Saturday that it has raised a debt fund of Rs 75 crore from GMO LLC and Triodos Investment, According to a statement, the company is committed to introduction of MSME (Micro, Small and Medium Enterprises) loans in all states using the in-house built origination engine ‘XLR8’ and ‘Zero Touch’ facilities to facilitate funding with credit decisions in a vibrant environment. will use.

“Lendingkart raised a total debt of Rs 75 crore from GMO LLC, a leader in the payments industry, Rs 25 crore in debt and Rs 50 crore from Tridos Investment Management through NCDs,” the statement said.

Elaborating on the announcement, Harshvardhan Lunia, CEO and Founder, Lendingkart said, “The newly invested funds will enable us to disburse working capital loans to underserved MSME customers through our platform.”

Additionally, it will help the company to expand its reach and provide more pin codes across the country.

“It is our constant endeavor to

MSMEs and small businesses and we will continue to bridge the financial gap for small businesses,” Lunia said.

Triodos Investment Management is a globally active impact investor. It invests to generate a healthy financial return as well as social and environmental impact.

GMO provides various payment and financial related solutions and platforms.

“GMOs are also promoting global expansion such as overseas payments-related service development and strategic investments and financing for leading fintech companies overseas,” the statement said.

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