PayUMoney with Lendingkart to help SMEs access capital quickly

NEW DELHI, INDIA: PayUMoney with Lendingkart brings ‘Lendingkart Grow’ which is a joint initiative to help SMEs grow faster by giving them access to capital easily and quickly with the help of PayUMoney’s payment technology solution.

With a common goal of aiding the SMEs, both PayUmoney and Lendingkart are excited to build India’s largest growth ecosystem for Startups and SMEs.

Nitin Gupta, co-founder & CEO, PayU India commented, “ At PayUMoney we have observed immense success and have made a mark in the SME environment by empowering over 700 startups to come online and transact with a wider audience. This partnership is another feather in PayUmoney’s cap, which has come up with effective online solutions for the SMEs in India.”

Adding to it, Harshvardhan Lunia, co-founder & CEO, Lendingkart said, “This is a futuristic partnership, considering how technology and cashless economy is taking every aspect of financial transactions by its strides. We strongly believe internet is the next growth frontier for every business and Lendingkart Grow will enable every such business to grow fast with free online payment solutions from PayUmoney.”

Lendingkart Grow is an initiative to build India’s largest and the most valuable growth ecosystem for SMEs and Startups. Lendingkart is an online credit evaluation platform which provides loans to SMEs amounting from 50 thousand to 50 lakhs with disbursement of loans, via its affiliated partners in just 1 to 3 days.

Its integration with PayUMoney makes its offerings reachable to a wider audience and future-ready to counter the ever evolving Indian startup ecosystem. NASSCOM estimates that the Indian startup ecosystem will be the second largest, after US, in the next two years driven by e-commerce.