Lendingkart launches co-lending SaaS platform for banks, NBFCs

New Delhi, Nov 9 : Fintech firm Lendingkart Technologies on Monday launched a co-lending Software-as-a-Service (SaaS) platform called “Lendingkart 2gthr” for all financial institutions including banks and Non-Banking Financial Companies (NBFCs).
The “Lendingkart 2gthr” platform enables banks and NBFCs to on-board within two weeks and disburse unsecured loans to micro, small and medium-sized enterprises across India, the company said.
The platform enables co-lenders to initiate processing loan applications with “end-to-end funnel visibility and control”.
Co-lenders can review and approve loans through a custom dashboard which provides information and insights, enabling real-time decision making.
Lendingkart said it collaborated with banks and NBFCs in a risk-sharing partnership to assist them in extending their reach to remotely-located MSMEs across India leveraging its omni channel capabilities.
Backed by LendingKart’s technology platform, “Lendingkart 2gthr” provides enhanced loan management capabilities, specialised credit underwriting model and flexibility to configure co-lender specific policy rules to support all stages from origination to disbursal.