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LendingKart
3.2
based on 424 Reviews
Video summary
Company Overview
Company Locations
Working at LendingKart
Company Summary
Tech-based money lending company making credit access easy for SMEs
Overall Rating
3.2/5
based on 424 reviews
18% below
industry average
Critically rated for
Job security, Promotions, Work satisfaction
Work Policy
Work from office
65% employees reported
Monday to Saturday
60% employees reported
Strict timing
51% employees reported
No travel
55% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
15 employees reported
Cafeteria
11 employees reported
Job/Soft skill training
9 employees reported
Free meal
3 employees reported
View all benefits
About LendingKart
Founded in2014 (11 yrs old)
India Employee Count1k-5k
Global Employee Count--
India HeadquartersAhmedabad,Gujarat, India
Office Locations
--
Websitelendingkart.com
Primary Industry
Other Industries
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View in video summary
Lendingkart Technologies Private Limited is a fin-tech startup in the working capital space. The company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness and provides other related services.
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LendingKart Ratings
based on 424 reviews
Overall Rating
3.2/5
How AmbitionBox ratings work?
5
134
4
87
3
59
2
43
1
101
Category Ratings
3.4
Salary
3.1
Company culture
3.1
Work-life balance
3.1
Skill development
3.0
Work satisfaction
2.9
Promotions
2.8
Job security
LendingKart is rated 3.2 out of 5 stars on AmbitionBox, based on 424 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at LendingKart
based on 402 reviews
3.4
Rated by 66 Women
Rated 3.5 for Salary and 3.2 for Work-life balance
3.2
Rated by 336 Men
Rated 3.4 for Salary and 3.1 for Work-life balance
Work Policy at LendingKart
based on 90 reviews in last 6 months
Work from office
65%
Hybrid
30%
Permanent work from home
5%
LendingKart Reviews
Top mentions in LendingKart Reviews
+ 5 more
Compare LendingKart with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.2/5 based on 424 reviews | 4.7/5 based on 3k reviews | 4.1/5 based on 4.3k reviews | 3.7/5 based on 2.3k reviews |
Highly Rated for | No highly rated category | Work-life balance Company culture Skill development | Work-life balance Skill development Company culture | No highly rated category |
Critically Rated for | Job security Promotions Work satisfaction | No critically rated category | No critically rated category | Promotions |
Primary Work Policy | Work from office 65% employees reported | Work from office 91% employees reported | Work from office 68% employees reported | Work from office 89% employees reported |
Rating by Women Employees | 3.4 Average rated by 66 women | 4.5 Good rated by 163 women | 3.9 Good rated by 478 women | 3.4 Average rated by 316 women |
Rating by Men Employees | 3.2 Average rated by 336 men | 4.7 Excellent rated by 2.7k men | 4.1 Good rated by 3.4k men | 3.8 Good rated by 1.8k men |
Job security | 2.8 Poor | 4.5 Good | 3.5 Good | 3.4 Average |
View more
LendingKart Salaries
LendingKart salaries have received with an average score of 3.4 out of 5 by 424 employees.
Credit Analyst
(92 salaries)
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₹2.7 L/yr - ₹5.8 L/yr
Senior Product Manager
(87 salaries)
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₹18.8 L/yr - ₹75 L/yr
Loan Specialist
(81 salaries)
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₹2 L/yr - ₹3.6 L/yr
Associate Director
(65 salaries)
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₹19.5 L/yr - ₹65 L/yr
Deputy Manager
(60 salaries)
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₹5 L/yr - ₹12.5 L/yr
Senior Credit Analyst
(54 salaries)
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₹3 L/yr - ₹6 L/yr
Software Engineer
(50 salaries)
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₹7 L/yr - ₹23 L/yr
Senior Software Engineer
(49 salaries)
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₹10 L/yr - ₹38 L/yr
Product Manager
(48 salaries)
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₹15 L/yr - ₹43 L/yr
Collections Manager
(37 salaries)
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₹3.1 L/yr - ₹9.4 L/yr
LendingKart Interview Questions
Interview questions by designation
Top LendingKart interview questions and answers
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LendingKart Jobs
Popular Designations LendingKart Hires for
Collections Manager
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Senior Manager
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Credit Analyst
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Tele Collection Executive
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Operations Executive
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Credit Manager
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Senior MIS Executive
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Popular Skills LendingKart Hires for
LendingKart News
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Lendingkart Appoints Former DBS Bank Executive Prashant Joshi As CEO: Report
- MSME-focussed lendingtech startup Lendingkart has appointed Prashant Joshi as its CEO.
- Joshi has 30 years of experience in the banking and financial services industry.
- The appointment comes after Fullerton Financial Holdings acquired a majority stake in Lendingkart.
- Lendingkart provides loans to MSMEs and competes against the likes of Incred, Yubi, Indifi, and Kinara Capital.
Inc42 | 15 Apr, 2025
Temasek-owned Fullerton buys majority stake in MSME-focussed lending tech platform Lendingkart
- Fullerton Financial Holdings has acquired a majority stake in fintech lender Lendingkart.
- The deal sees Fullerton injecting Rs 252 crore into Lendingkart as part of its Series E fundraise.
- This acquisition will strengthen Lendingkart's financial position and enhance its technology-driven credit underwriting.
- Lendingkart provides digital working capital loans to micro, small, and medium enterprises (MSMEs) to improve credit access for small businesses.
ISN | 28 Mar, 2025
Temasek backed Fullerton acquires majority stake in Lendingkart
- Temasek-backed Fullerton has acquired a majority stake in Lendingkart as part of the Series E fundraise.
- Fullerton infused a total of ₹252 Crores to support Lendingkart's growth and enhance its technology-driven credit underwriting processes.
- Lendingkart has raised around ₹1,050 crore in equity from investors such as Fullerton, Bertelsmann, and Mayfield India.
- The valuation at which Lendingkart raised the fresh funds was not disclosed.
HinduBusinessLine | 28 Mar, 2025
PB Fintech’s Revenue Muddle Amid Healthcare Foray
- A recent report by Trudence Capital questions PB Fintech's revenue recognition practices and the role of its lending arm, Paisabazaar.
- The report alleges a sharp increase in commission paid to insurance distributors and a discrepancy in disclosed information by the company's management.
- PB Fintech claimed minimal impact on revenue despite significant jumps in brokerage commission, raising concerns about transparency.
- Trudence highlights discrepancies in PB Fintech's revenue streams, especially in its lending vertical, Paisabazaar.
- Questions are raised about potential revenue red flags and whether revenue streams from Paisabazaar were recorded under PB Fintech.
- PB Fintech has faced governance challenges, including a tax raid, management reshuffle, and regulatory scrutiny.
- The company's CEO settled a case with SEBI for alleged failure to disclose sensitive information and announced a foray into healthcare.
- PB Fintech's investment in healthcare aims for revenue diversification alongside plans to enter the payment aggregator space.
- PB Fintech's upcoming Q4 results are anticipated to address concerns raised by Trudence's report on revenue recognition practices.
- Ola Electric, facing its own challenges, aims for EBITDA breakeven in Q1 FY26, while digital lending startup Lendingkart prepares for an IPO.
Inc42 | 16 Mar, 2025
Lendingkart’s Founder On Balancing Growth, Regulation And Public Market Expectations
- Lendingkart, founded by Harshvardhan Lunia, aims to provide collateral-free business loans to Indian MSMEs to boost their growth and competitiveness amidst financing challenges.
- The company, established in 2014, has raised $180 Mn and saw a decline in profitability in FY24, attributed to various factors including staffing costs and credit expenses.
- Despite the profit dip, Lendingkart's AUM reached INR 7,127 Cr as of March 2024, indicating a focus on long-term growth and strategic enhancements.
- Lendingkart is improving internal processes, compliance functions, and customer service to optimize AUM growth and portfolio quality, preparing for an IPO in May 2025.
- Focusing on disciplined disbursements and cost controls amidst regulatory changes, Lendingkart aims to stabilize financial performance in FY25, anticipating a decline in profit.
- Post-IPO challenges for Lendingkart include transitioning to a publicly accountable entity with rigorous governance, compliance requirements, and heightened transparency expectations.
- Harshvardhan Lunia emphasizes the importance of sustainable growth over short-term gains, highlighting the significance of clear communication, strong operations, and robust unit economics.
- The company's narrative stands out through its commitment to seamless customer experience, digital operations, and adaptability to regulatory standards, viewing fintech evolution as a responsible progression.
- Lunia's leadership evolution involves delegation, empowerment of teams, and long-term strategic focus, especially during challenging times like the pandemic, emphasizing sustainable growth and responsible lending practices.
- Lendingkart's adherence to compliance, innovation within regulatory frameworks, and dedication to responsible lending are part of its journey toward enhancing financial inclusion and trust in the MSME lending sector.
- Lunia's entrepreneurial journey underscores the importance of trust, team empowerment, and patience for long-term success, advocating a customer-centric approach, listening to stakeholders, and staying ahead of industry trends.
Inc42 | 14 Mar, 2025
Proptech Unicorn NoBroker Launches ConvoZen.AI, A Conversational AI Cloud For Customer Engagement
- Proptech unicorn company NoBroker has launched ConvoZen.AI, a Conversational AI platform designed for customer engagement in various industries.
- The platform offers Voice and Non-Voice Agents in multiple languages, along with analytics and quality control features.
- Companies like Cars24, LendingKart, LeapScholar, and Tata AIG are already using ConvoZen.AI to improve their customer engagement.
- NoBroker plans to open-source some of its Indic models for customer support and offers AI-powered voice agents and compliance monitoring.
VIE Stories | 26 Feb, 2025
Meet The Fintech Startups Redefining Business Lending In India
- Fintech startups in India are revolutionizing business lending by offering faster processing, minimal documentation, and easy access to credit for small and medium enterprises (MSMEs).
- These startups have leveraged technology to simplify the lending process, attracting significant venture capital funding and transforming the financial landscape for businesses.
- In 2024, the fintech sector was the top choice for investors, raising over $2.5 billion and leading the funding pie.
- Fintech startups like Arthan Finance, Aye Finance, Clix Capital, CredAble, Finova Capital, FlexiLoans, Indifi Technologies, Lendingkart, and NeoGrowth are reshaping the lending space.
- These startups provide tailored loan solutions to underserved businesses, offering AI-driven credit assessments, digital platforms, and alternative lending models.
- The government's efforts to bridge the credit gap for startups and MSMEs through increased credit guarantee coverage have further propelled the success of fintech startups in India.
- Fintech leaders like Lendingkart, Aye Finance, and NeoGrowth have reported impressive growth in loan disbursements and revenue, showcasing the sector's potential for financial inclusion.
- With rising profitability and strategic partnerships with investors, these fintech startups are poised to drive innovation and accessibility in business lending across India.
- Through digital lending solutions and advanced credit assessment tools, these startups are catering to the unique needs of businesses and contributing to the growth of the Indian economy.
- Overall, the fintech ecosystem in India is witnessing a dynamic shift in business lending practices, empowering entrepreneurs and fueling economic progress.
Inc42 | 21 Feb, 2025
Lendingkart FY24: Profit Declines 97% To INR 3.25 Cr
- Lendingkart's consolidated net profit declined by 97.2% to INR 3.25 Cr in FY24.
- Operating revenue increased by 36.6% to INR 1,090.6 Cr in FY24.
- Total revenue rose sharply to INR 1,217.9 Cr in FY24.
- Lendingkart disburses loans to MSMEs and earns revenue from interest and financial services.
Inc42 | 18 Dec, 2024
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LendingKart FAQs
When was LendingKart founded?
LendingKart was founded in 2014. The company has been operating for 11 years primarily in the NBFC sector.
Where is the LendingKart headquarters located?
LendingKart is headquartered in Ahmedabad,Gujarat.
How many employees does LendingKart have in India?
LendingKart currently has more than 1,200+ employees in India. Finance & Accounting department appears to have the highest employee count in LendingKart based on the number of reviews submitted on AmbitionBox.
Does LendingKart have good work-life balance?
LendingKart has a work-life balance rating of 3.1 out of 5 based on 400+ employee reviews on AmbitionBox. 48% employees rated LendingKart 3 or below, while 52% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read LendingKart work-life balance reviews for more details
Is LendingKart good for career growth?
Career growth at LendingKart is rated as poor, with a promotions and appraisal rating of 2.9. 48% employees rated LendingKart 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading LendingKart promotions/appraisals reviews for more detailed insights.
What are the cons of working in LendingKart?
Working at LendingKart does have some drawbacks that potential employees should consider. The company is poorly rated for job security, promotions / appraisal and work satisfaction, based on 400+ employee reviews on AmbitionBox.
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