India’s leading fintech company Lendingkart Technologies Private Limited has announced the launch of its Co-Lending SaaS Platform which is called “Lendingkart 2gthr”. The Co-Lending SaaS Platform will enable banks and NBFCs to on-board without any limitations. The implementation of the new program will be over within 2 weeks and banks will be able to disburse unsecured loans to Medium Small and Micro Enterprises (MSMEs) across the country.
Lendingkart 2gthr enables co-lenders to initiate the processing of loan applications with end to end funnel visibility and control. Facilities to review and approve loans through a custom dashboard are available for the co-lenders. It provides them with information and insights by enabling them to make real-time decisions. By leveraging the omni-channel capabilities of Lendingkart 2gthr, they plan to collaborate with banks and NBFCs in a risk-sharing partnership for assisting them in extending their reach to MSMEs which are located in remote areas across the country. This greatly helps to effectively deliver the credit offers to various MSMEs across the country
The Co-Lending SaaS Platform, Lendingkart 2gthr provides improved loan management capabilities, a specialized credit underwriting model, and flexibility to configure specific policies for co-lenders and supporting all stages from origination to disposal. This exposes Application Programming Interface (API) integration endpoints for banks and NBFCs who wish to directly integrate with their existing systems.
Co-Founder & Managing Director of Lendingkart Technologies, Harshvardhan Lunia stated that they have been watching the growth of Indian MSMEs for a long time so they have more than a decade of experience in solving all the problems of this segment of the ecosystem. They aim at providing credit penetration to credit-starved and worthy businessmen, Lendingkart 2gthr will act as a stepping stone in enabling the financial institutions to play an equal part towards achieving it. It addresses all the needs of leading banks and NBFCs to provide an all-inclusive one-stop solution from scratch and also helps to diversify the MSME segment. The services offered by the Co-Lending SaaS Platform include underwriting, loan delivery, servicing, monitoring portfolio performance, and insights with recommendations.
