Garners accolades for its consistent focus on quality & making the access to easy working capital loans seamless for Indian SMEs
India, 14th September, 2016: Instrumental in enhancing access of SME firms to easy working capital loans with its revolutionary technology-backed services, the Lendingkart Group has been felicitated as the ‘Fastest Growing Company’ by Golden Star Six Sigma Awards. A part of the World Quality Congress, the award uses a methodology of quality-based analysis of products, services, and operations of a company during its assessment. Lendingkart Group has received the accolade for its consistent focus on seamless delivery of quality and hassle-free services. The award ceremony was recently held in Bangalore.
Lendingkart Group operates in the working capital space and caters primarily to the demands of Small and Medium-sized Enterprises. As a technology-backed platform, Lendingkart Group’s NBFC offers quick and easy collateral-free working capital loans to SMEs by means of negligible paperwork, thus eliminating red-tapism and long delays. With high operational efficiency, the platform exercises a swift loan disbursement process and ensures that the loan amount is delivered to its beneficiary within 72 hours from the loan application.
Harshvardhan Lunia, Co-Founder and CEO, Lendingkart Technologies said, “At Lendingkart Group, we have a highly consumer-oriented industry-specific approach that aims to eliminate the gaps in cash flows for India’s large and growing SME community. We are delighted that our efforts at offering high-quality services has been recognised and appreciated by the World Quality Congress. The Golden Star Six Sigma award will act as a great boost for our entire team to continue pushing the limits of achievement as far as accessibility of working capital for entrepreneurs is concerned.”
Lendingkart Group NBFC uses approximately 2,200 qualitative and quantitative parameters during the assessment of a loan application through its technology infrastructure. Owing to its unique consumer-centric market approach, the company has impacted SMEs in 213 cities across 23 states in India. The Group NBFC has also witnessed 20% month-over-month growth in loan origination since its inception. The Golden Star Six Sigma award further bolsters the Group’s leadership stance in its segment and highlights the convenience it has been bringing to the lives of small and medium business owners.
About Lendingkart Group
Lendingkart Technologies is a fin-tech startup in the working capital space. It has developed technology tools based on big data analytics that facilitates lenders to evaluate borrowers’ credit worthiness. Aadri Infin Limited, a wholly owned subsidiary of Lendingkart Group, is a non-deposit taking NBFC, offering small business loans for SMEs in India. The Company aims to transform small business lending by providing easy access to credit for SMEs. Aadri Infin uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses rapidly and accurately. Lendingkart Group aims to make working capital finance available at the fingertips of entrepreneurs, so that they can focus on business instead of worrying about the gaps in their cash-flows. We are currently based in Ahmedabad, Bangalore and Mumbai, but have a service reach across India.