New Delhi, May 8 -- In a boost to lending activities for Micro, Small and Medium Enterprises (MSMEs) in India, fintech lender Lendingkart has raised USD 10 million via External Commercial Borrowing (ECB) from Switzerland-based impact investment manager BlueOrchard.
The capital infusion, announced by the company on Tuesday, will be deployed specifically for onward lending to the MSME sector.
BlueOrchard specialises in facilitating impact investments that connect entrepreneurs in emerging and frontier markets with global investors. To date, the firm has invested over USD 11 billion across more than 100 countries, backing over 300 million people through December 2023.
Harshvardhan Lunia, Founder and CEO of Lendingkart Group, remarked on ...