Lendingkart Group has acquired KountMoney, an online lending marketplace for personal loans. The move is aimed at enabling Lendingkart Group to boost its technology and data analytics capabilities. It will also help the Group to broaden its service portfolio and develop more efficient and consumer-centric product offerings.
Speaking on the acquisition, Harshvardhan Lunia, Co-Founder and CEO, Lendingkart Technologies said, “By acquiring 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 is an online lending marketplace that enables quick and easy loan disbursal and has a product portfolio that includes personal loans, gold loans, home loans, education loans, and loan against property.
KountMoney Co-founder, Deepak Modak added, “We founded KountMoney as a platform that will make the process of accessing loans easy, fast and transparent. We are pleased to take our learnings as well as experience to Lendingkart Group and continue working towards our goal.”
KountMoney was co-founded by Deepak Modak, Gaurav Somani, Abhishek Periwal and Abhi Ranjan with an aim to serve borrowers looking for credit in a smooth and hassle-free way. The team will now bring their combined expertise to Lendingkart Group and help further boost its endeavours in helping the country’s working capital space evolve and become more viable for all stakeholders.