SME-lending Firm Lendingkart Acquihires Lending Marketplace KountMoney

SME-lending firm Lendingkart has acquihired KountMoney, an online lending marketplace for personal loans. The move, the company said, will enable Lendingkart to boost its technology and data analytics capabilities. It will also help it to broaden its service portfolio and develop more efficient and consumer-centric product offerings.

Harshvardhan Lunia, Co-Founder and CEO, Lendingkart Technologies said, “KountMoney has been performing exceptionally well in the field of online personal loan disbursals. Its emphasis on using tech to make loan disbursals simpler and quicker makes it a perfect synergistic match for Lendingkart Group. By acquihiring KountMoney, we will be able to further strengthen our tech backbone and leverage the data analytics expertise of the online lending platform to enhance our service delivery.”

KountMoney was founded by Deepak Modak, Gaurav Somani, Abhishek Periwal and Abhi Ranjan as a platform to connect lenders including Banks and NBFCs with borrowers with varying credit profiles.