Lendingkart acquires personal loans platform Upwards

Quick Summary:

The cash-and-stocks deal was pegged at Rs 100-120 crore, Founder and CEO Harshvardhan Lunia told YourStory.

The acquisition will help the MSME lender strengthen its personal loan offering.

With Lendingkart’s credit, capital and distribution capability, we plan to deepen our presence across the country to bridge the massive credit gap in the personal loan market in India," Abhishek, Co-founder at Upwards said.

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Article Details

Author / Journalist: Naina Sood ( )

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Digital lenders Upwards Fintech Merger and acquisition Lendingkart MSME lending

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-08 @ 06:32:18 (1 months ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 5310771

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Official Website: yourstory.com

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