Lendingkart partners with Unicommerce to provide easy loans

In a deal that would provide its consumer base to get access to collateral-free working capital loans, SaaS-based platform Unicommerce has partnered with fintech company Lendingkart.

Lendingkart Group’s NBFC enables loan disbursement process that comprises minimal paperwork and offers collateral-free loans to online retailers within 72 hours.


Harshvardhan Lunia, Co-Founder and CEO, Lendingkart Technologies, said, “There are massive growth prospects for Indian retailers within the rapidly changing retail scenario of the country. Businesses often register losses and face challenges related to cash flows owing to their capital deficits.”

The deal seems ideal for both the players as they have been closely involved with SME merchants and understand the immense potential that lies untapped in this segment due to inadequate financial support.

“The swift assessment process takes a few hours and NBFC ensures that loan amount reaches the borrower within 2-3 days of the loan application. Unicommerce retailers will be offered discounted working capital loans enabling them to increase their inventory, pay for their liabilities and scale up their businesses,” added Lunia.

The technology assesses the creditworthiness of a candidate through API scrutiny and online data scraping to ensure credibility rather than conventional methods that promote red-tapism.


Unicommerce has customer base of over 10,000+ sellers in more than 220 cities, which includes including big brands such as Monte Carlo, Swiss Military, Classic Polo, House of Anita Dongre, Reliance, Mahindra Retail, Carat Lane, Raymond etc.

Ankit Pruthi, the CEO of Unicommerce said, “We understand that working capital finance is one of the key needs of SMEs in growing their business, and we believe that this partnership with Lendingkart Group will further boost our customers’ business.”